Showing posts with label SBF. Show all posts
Showing posts with label SBF. Show all posts

Wednesday, November 30, 2022

Reminder - It Wasn't Just Democrats on the FTX Political Brinks Job

Eight members of Congress (4 Democrats and 4 Republicans) wrote the SEC to derail a potential investigation of FTX in March.

It's not enough for members of Congress to return the nearly $70 million in donations from FTX connected funds but they must also explain their actions. The system is corrupt.

Niall Ferguson on SBF and FTX

Niall Ferguson on SBF and FTX and their historical parallels.  

One of the best summations, explanations, and historical analysis you'll read anywhere on SBF and FTX.

Monday, November 28, 2022

They Really Know Their Audience

"Absolutely incredible ad targeting." - Marc Andreessen. Agreed - and pretty humorous as well.

Friday, November 25, 2022

Why Isn't SBF In Handcuffs Yet?

Excellent question that deserves an answer: why isn't Sam Bankman-Fried already in custody?

Remember when George W was in office and the media seemed to be crowing about some member of the Bush White House soon being "frog-marched" into jail on a regular basis? (None ever were.) Now we have someone in SBF who truly deserves being frog-marched into jail and there's silence? The skeptic in me thinks that if SBF is led away in handcuffs then those who received money from him and FXT will feel pressure to return those funds. 

Sunday, November 20, 2022

Crypto and the Dollar Are Partners, Not Rivals

Niall Ferguson with a semi-prophetic article on crypto from this past May. He even called out SBF and FXT's business model, "Never mind the Wild West; this is the Wacko West."

Long read but worth the time.

Friday, November 18, 2022

The $32 Billion Crypto Scammer

Michael Green with an excellent recap and analysis of what happened with SBF and FTX.

This line seems to hit to the heart of the matter:

We have to wonder if SBF saw the writing on the wall and hoped to achieve a similar outcome [to former Democratic Governor of New Jersey John Corzine who got a slap on the wrist for his fraudulent dealings] with his donations to the Democratic Party by becoming Too Big to Jail. 

One of the Democratic Party politicians SBF donated to was Maxine Waters who is now heading a Congressional oversight committee looking into SBF. How convenient.

Sunday, November 13, 2022

Posted by Elon Musk on Twitter

Analysis true! If Elon can joke about this I'm guessing he didn't have any money in FXT.