Wolf Richter: Historic Mania in SPACs, IPOs. Huge Fees for Wall Street Banks. Mega Paydays for Insiders. Disdain for Valuations. Blind Faith that “This Time It’s Different” 2021-01-25 By Jerri-Lynn Scofield SPAC mania, with billions raised: this time it’s different, everyone is saying again – another sign that the zoo has gone nuts. Keep reading this article on Naked Capitalism (Yves Smith) - Blog.