Posted on 11/21/2022 7:17:52 AM PST by MtnClimber
Sam Bankman-Fried is the ultimate dangerous and ridiculous expression of the most toxic and creepy culture in America. If he did not exist, he would have to be invented.
"Ya. Hehe. I had to be. It’s what reputations are made of, to some extent. I feel bad for those guys who get f—ed by it, by this dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.” —Sam Bankman-Fried
The FTX Bitcoin empire of 30-year-old CEO Sam Bankman-Fried is in shambles. Or more specifically, his “dumb game” cryptocurrency exchange has destroyed thousands of lives. Electronically, he may have robbed perhaps a million investors, and along with them hundreds of large institutional investors.
Mysteriously, only after the conclusion of the midterm elections, did we suddenly learn that this left-wing “philanthropist” and benefactor of Democratic politics, this megadonor to the quid pro quo puff-piece media, this con artist protected from federal securities regulators, had drained off, lost, hidden, or spent billions of dollars of other people’s money.
As a result, the Bahamas-basking, tax-avoiding, polyamorous sybarite, and heartthrob of progressive moralists, now claims he has no wherewithal to honor his financial commitments to his own investors. Preliminary postmortem auditors sigh that they have never encountered a greater financial mess than what Bankman-Fried has left in his wake.
How does the most sophisticated financial system in the history of civilization allow a virtue-signaling nerd to nearly wreck it? Where were the Federal Trade Commission, the Department of Justice, the IRS, and all the other alphabet soup agencies that supposedly exist so that someone like Bankman-Fried does not? Where is Merrick Garland and his special prosecutors, the FBI with its televised SWAT swoops and leg irons?
(Excerpt) Read more at amgreatness.com ...
Great writing by VDH.
It seems most, if not all, of these multi-billionaires have a ‘save the world’ complex.
Of course, only their version on how to ‘save the world’ matters.
It’s called “Mamon” and it’s been around for millennium.
Wow. GREAT article, thank you for posting it. And thank you, texas booster, for the ping.
Great article.
FR POSTED-—Bankman Fried May Have Started the Demolition of the Deep State
FTA——It really doesn’t matter how much more US tax dollars we pour down that rat-hole Ukraine because by the time various parties — the weapons-makers, greedy Zelensky, sundry members of the US House of Representatives, the Biden Crime Family, the World Economic Forum — are finished creaming off their share, Ukraine won’t have enough cash-on-hand to replace six fuse-boxes in Zaporizhzhia.
Being woke, parroting all the right slogans, and ingratiating himself with Democrat Party hacks, was a fundamental part of his con job.
The dumpster fire media will praise ANYONE who shares their worldview. Spouting woke politics, and lavishing money on the Democrats, trumps all other considerations.
There Are, unfortunately, too many within the Republican political ranks as well.
One of the best VDH essays ever!
Superb!
Great article bump!
What a family! Makes the mafia seem innocuous.
The deep state is not about to arrest the guy, along with zelensky, who does their laundry.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.