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It's a remarkable veneer. The nepotism and elite corruption is bold faced. SBF's parents are Stanford lawyers who specialize in compliance and ethics. Alameda
by memish 4y ago
It's a remarkable veneer. The nepotism and elite corruption is bold faced.
SBF's parents are Stanford lawyers who specialize in compliance and ethics. Alameda CEO's dad runs the economics department at MIT, where the current head of the SEC was a professor.
"I'm a big advocate for Sam because he has two parents that are compliance lawyers. If there's ever a place I can be where I'm not going to get in trouble, it's gonna be FTX" https://twitter.com/Guruleaks1/status/1591086077489844224 https://twitter.com/Guruleaks1/status/1591086077489844224
FBX's chief lobbyist is a former CFTC commissioner, who is now distancing himself. https://twitter.com/EpsilonTheory/status/1591194581843836928 https://twitter.com/EpsilonTheory/status/1591194581843836928
Senators are still going forward with an SBF-backed bill https://www.theblock.co/post/185746/senators-moving-forward-with-sbf-backed-bill-after-ftx-collapse https://www.theblock.co/post/185746/senators-moving-forward-...
- plumeria 4y ago> I'm a big advocate for Sam because he has two parents that are compliance lawyers When authority bias hits too hard.
- tsol 4y agoI mean he was too naive to consider that someone who knows all the rules is automatically gonna be using his knowledge for good.Also, naive enough to trust a kid he didn't raise
- eternalban 4y agoI was about to p.s. a comment to same OP to basically say "this is what corruption in high places looks like". The key question to ask here is how is this possible in a nation governed by rule of law? And, what is the impediment that permits this "bold faced" corruption. And finally, what needs to be done to remove this impediment.