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I don't know which discord the reply to me is supposed to be linking to but here it is in text form. A true scandal is opening for the Biden administration.

I don't know which discord the reply to me is supposed to be linking to but here it is in text form. A true scandal is opening for the Biden administration. April 25, 2019: Biden announces his presidential campaign. 13 days later, Sam Bankman-Fried, son of Barbara Fried ( Stanford Professor and co-founder of political fundraising organization "Mind-the-Gap), launches #FTX crypto exchange. The exchange is magically an overnight success. SBF becomes biggest donor to Biden. Election day, FTX implodes completely. If you think this scandal is done, it goes even deeper. Gabe Bankman-Fried, brother to Sam (also a former Jane Street trader), is founder of "Guarding Against Pandemics" He was a Legislative Correspondent for the US House of Representatives and an advisor to large political donors in the Democrat party. The family Aunt Linda Fried is a WEF member on the Global Agenda Council on Aging. The father, Joseph Bankman is a Stanford professor who has lobbied on behalf of Hedge Fund managers before Congress before (film records exist). FTX' Head of Ventures & Commercial at FTX Ventures Amy Wu, started with the Clinton Foundation years ago. Nishad Singh FTX Director of Engineering has spent over 8 million for Dem candidates. And finally Obama's Commodity Futures Trading Commissioner, Mark Wetien was literally the head of FTX Policy & Regulation. Reports were the organization wanted to spend over a billion dollars on the Democratic party for 2024. A massive, massive money laundering operation has just been broken open. The tone is a bit conspiratorial and had this been posted before the FTX collapse my eyes would have glazed over. I happen to think guarding against pandemics is a good thing. Financing none-profits with crypto scams and donating to politicians who subsequently are reluctant to regulate you, less so. Regardless of who is in charge and their political affiliations, it simply should not work this way.

ealexhudson 4y ago
But I thought the whole complaint about SBF was the enormous lengths he was going to in order to increase regulation, and effectively pull up the drawbridge behind him? I think the whole point about campaign financing is well made, but the idea (implied) that this was some massive Dem ruse feels incredibly far-fetched, given the various investors and others involved. If you scratch at the senior leadership of many companies you're going to find political people of all colours, because lots of people get involved in politics.
- recuter 4y ago
  There is no such idea implied, if anything I mean to say the opposite. We have to stop looking at things through a narrow political lens. Whatever noises SBF was making about regulation - what actually appears to have happened is that he was (at best) incompetent and simply playing to whatever audience was listening. Who knows, maybe he even drank his own koolaid. After all he is so virtuous on other matters, surely this would all work out somehow, he is one of the good guys. His regulators meanwhile (at best) placed undue trust in him for reasons ranging from shared politics and values on various unrelated issues to very large donations vaguely to their benefit. And why shouldn't they, after all he is so virtuous on other matters, surely this would all work out somehow, he is one of the good guys. One of them. And never mind how he got the money for the donations let's not stare a gift horse in the mouth. We can do a lot of good with those donations, after all, we are the good guys. You don't need to assume a nefarious ruse. No nefarious scheming is actually necessary for any of this. Although since everything is politicized it will be assumed. Has been assumed. And is sort of implied in the discord quote. That is another unfortunate part of the problem. The people who were pointing out the smoke defaulted to harping on the conspiracy aspects because they are more interested in the political affiliation of the wrongdoers than the actual wrongdoing. Inadvertently providing cover for FTX to operate even longer. In short, a bunch of incestuous wankers feeding into each others delusions and all too willing to look the other way on things they'd never let slide for their political opponents. FTX would never have happened had the founders politics been different, surely you see that. And I'm sure if this pairing would have been a red instead of blue the same thing would have happened. Scrutiny seems now to only be reserved for political enemies. Scandals are not swept under the rug unless they are by political allies.
  - everybodyknows 4y ago
    > drank his own koolaid Said to me, by a salesman: "A good salesman believes his own bullshit."

ealexhudson 4y ago

But I thought the whole complaint about SBF was the enormous lengths he was going to in order to increase regulation, and effectively pull up the drawbridge behind him? I think the whole point about campaign financing is well made, but the idea (implied) that this was some massive Dem ruse feels incredibly far-fetched, given the various investors and others involved. If you scratch at the senior leadership of many companies you're going to find political people of all colours, because lots of people get involved in politics.

recuter 4y ago
There is no such idea implied, if anything I mean to say the opposite. We have to stop looking at things through a narrow political lens. Whatever noises SBF was making about regulation - what actually appears to have happened is that he was (at best) incompetent and simply playing to whatever audience was listening. Who knows, maybe he even drank his own koolaid. After all he is so virtuous on other matters, surely this would all work out somehow, he is one of the good guys. His regulators meanwhile (at best) placed undue trust in him for reasons ranging from shared politics and values on various unrelated issues to very large donations vaguely to their benefit. And why shouldn't they, after all he is so virtuous on other matters, surely this would all work out somehow, he is one of the good guys. One of them. And never mind how he got the money for the donations let's not stare a gift horse in the mouth. We can do a lot of good with those donations, after all, we are the good guys. You don't need to assume a nefarious ruse. No nefarious scheming is actually necessary for any of this. Although since everything is politicized it will be assumed. Has been assumed. And is sort of implied in the discord quote. That is another unfortunate part of the problem. The people who were pointing out the smoke defaulted to harping on the conspiracy aspects because they are more interested in the political affiliation of the wrongdoers than the actual wrongdoing. Inadvertently providing cover for FTX to operate even longer. In short, a bunch of incestuous wankers feeding into each others delusions and all too willing to look the other way on things they'd never let slide for their political opponents. FTX would never have happened had the founders politics been different, surely you see that. And I'm sure if this pairing would have been a red instead of blue the same thing would have happened. Scrutiny seems now to only be reserved for political enemies. Scandals are not swept under the rug unless they are by political allies.
- everybodyknows 4y ago
  > drank his own koolaid Said to me, by a salesman: "A good salesman believes his own bullshit."