4 ms·

He really thought FTX US was solvent less than 24 hours before declaring bankruptcy. Either he’s a fraud or he’s clueless. Either way, he’s not thinking, let al

He really thought FTX US was solvent less than 24 hours before declaring bankruptcy. Either he’s a fraud or he’s clueless. Either way, he’s not thinking, let alone whether he’ll end up ok. I’m struggling to phrase this in a high brow way, but being the son of powerful parents might be a factor too. It’s possible that this is the first time in his life that anyone is telling him not to do X for an X he really wanted to do. Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see.

Bubble_Pop_22 4y ago
> Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Past money only gives you leverage as long as people believe there are potentially plenty more in the future to get.
readthenotes1 4y ago
Given how he stole customer funds to prop up Alameda, fraud is far more likely than clueless
rejectfinite 4y ago
>He really thought FTX US was solvent less than 24 hours before declaring bankruptcy No, he SAID he did. I don't know if you know this, but people can... lie!!!! u_u
- saurik 4y ago
  While I also caught that wording mistake, the checksum in the next sentence--which includes "either he's a fraud"--indicates sillysaurusx does understand this and simply worded that first sentence awkwardly (so there's no need to get quite so intense).
pcwalton 4y ago
> Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Bernie Madoff was a large donor to the Democrats and it didn't help him one bit. I see no reason to believe that the situation will be any different regarding SBF, if he is indeed culpable.
- WontGetFooled 4y ago
  Bernie Madoff got away with it for 40 years BECAUSE he was making money for the powerful, not despite it.

Bubble_Pop_22 4y ago

> Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Past money only gives you leverage as long as people believe there are potentially plenty more in the future to get.

readthenotes1 4y ago

Given how he stole customer funds to prop up Alameda, fraud is far more likely than clueless

rejectfinite 4y ago

>He really thought FTX US was solvent less than 24 hours before declaring bankruptcy No, he SAID he did. I don't know if you know this, but people can... lie!!!! u_u

saurik 4y ago
While I also caught that wording mistake, the checksum in the next sentence--which includes "either he's a fraud"--indicates sillysaurusx does understand this and simply worded that first sentence awkwardly (so there's no need to get quite so intense).

pcwalton 4y ago

> Him being the second largest donor to the Democratic Party will really test the rule of law. Does it apply to the powerful? We’ll see. Bernie Madoff was a large donor to the Democrats and it didn't help him one bit. I see no reason to believe that the situation will be any different regarding SBF, if he is indeed culpable.

WontGetFooled 4y ago
Bernie Madoff got away with it for 40 years BECAUSE he was making money for the powerful, not despite it.