Hello Reader, Spirit Airlines shut down Saturday after 33 years in business, and the market barely flinched. The rescue talks stalled out and the bondholders walked. By Saturday they were grounding the fleet and 17,000 people were out of work. Their restructuring math was built around fuel prices that don't exist anymore, and there was no path to a working exit from the moment the war started. The rest of the week was loaded too. The Fed split sharply at the FOMC meeting, Powell hands off the...