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Bankman-Fried being invited to speak at a New York Times event alongside Yellen
- autotune 4y agoIf he manages to get a single word out before getting boo'd off the stage I would be impressed.
- notch656a 4y agoIf I were the interviewer I would treat him very gently... for the first 30 minutes or so. Hand him his own rope by fawning over his every word as you extract every confession possible. Then when it's clear he's said everything you're going to get out of him, publicly embarrass him with the dress down on all his double speak.
- autotune 4y agoHow delightfully nefarious, that would be far more entertaining to watch.
- SilasX 4y agoThat's basically what Kelsey Piper did in the Vox interview, and SBF said a lot because he viewed her as friendly: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy https://www.vox.com/future-perfect/23462333/sam-bankman-frie...
- yonaguska 4y agoI can't believe this is still actually happening.
- simple-thoughts 4y agoThe Get-Out-Of-Jail Free Card is real, and only costs a few $100m in donations to the right people.
- hotpotamus 4y agoThat sounds more like a get-out-of-jail-for-hundreds-of-millions card. Though if this is the event that makes people realize that wealth inequality leads to all kinds of perversions of justice, perhaps that's a silver lining at least.
- nico 4y agoPeople have always known. But what are their options? Short of a revolution, people don’t really have the power or resources to make the necessary changes. Even after a revolution, you probably end up with the same issue: a pyramid-like power structure with similar levels of inequality, just different people in power.
- rs999gti 4y agoSBF was donating crazy amounts of money to Democrat PACs - https://newrepublic.com/article/169104/sam-bankman-fried-ftx-political-donations-democrats-republicans-congress https://newrepublic.com/article/169104/sam-bankman-fried-ftx... No word on if those Democrats or PACs will give back the dirty money
- Terretta 4y agoFTX donated slightly more to Republicans than Democrats. Based covered, with donor alignment selected for optics and press value.
- chrchang523 4y agoSource? I agree with the "bases covered" big picture, but all the numbers I've seen so far have D > R.
- belltaco 4y agohttps://prospect.org/power/congressmembers-tried-to-stop-secs-inquiry-into-ftx/ https://prospect.org/power/congressmembers-tried-to-stop-sec...
- meling 4y agoI suspect he will attend only virtually.
- jen20 4y agoAs I understand it, he’s not allowed to leave the Bahamas, so yes. It’s not like Zelenskyy is likely to attend in person either. I’d be more interested in what either of them have to say than Pence or Zuckerberg though.
- muglug 4y agoI just heard that a guy I knew committed suicide over the FTX implosion. He was a weath adviser with a bunch of his clients' money tied up there. FTX fucked with peoples' livelihoods, and by extension their lives. Edit: just to clarify, it was his decision to park his clients' money there. But FTX spent a lot of money courting retail investors with slick campaigns. A superbowl ad that implied people were stupid not to participate. Big Silicon Valley VC firms imbued SBF with the aura of a wunderkind who could do no wrong.
- toomuchtodo 4y agoPlease make sure this information makes it to sentencing when Bankman-Fried’s trial concludes.
- pessimizer 4y agoOnly if it makes you feel better. There's no degree of punishment that can be done to this person whom you've never met that can bring the dead that you knew back to life. There are no refunds for spending our civilization lionizing the massive accumulation of wealth by financial manipulation. The danger is in the system, not the random narcissist promoted into a position of power within it; there is an endless supply of narcissists.
- notch656a 4y agoPunishment isn't for the benefit of the dead, it's for the living. Kind of like the funeral.
- s1artibartfast 4y ago
- pessimizer 4y agoIt's a trick played on the living by the people in charge of punishment. If it were for the living, the living would have a lot more of a say than they do, and some of the millions that are spent on the process of punishment would go to the bereaved. The bereaved are the pretense.
- matthewdgreen 4y agoIf I ran a forum like this I’d invite SBF too… assuming he was stupid enough to come. This isn’t a privilege people are handing him, it’s an opportunity to gawk at the dumpster fire.
- NelsonMinar 4y agoPlus it'll save the New York court the trouble of extraditing him for arrest.
- constantcrying 4y agoI guess it depends on what will be happening. Are they trying to give him enough rope to hang himself with? Or are they actually going to try to exonnerate him in some way? (The usual "rope to hang yourself with" genre in journalism is the interview, where the journalist has significantly more control, compared to a public talk.) The biggest question to me is why he isn't in prison or at least why there seems to be some possibility that he won't end up in handcuffs the moment he lands in the US.
- HWR_14 4y agoThe reason he might not end up in handcuffs when he lands in the US is that the Bahamian government currently has control of him and wants to try him first. They'll only let him come to the US if the U.S. guarantees he'll go back to the Bahamas for their charges. Or, if he uses zoom. And as of now, they can only be handing him more rope. The media can help convict, but they cannot exonerate anyone. A prosecutor can just go forward and find 12 people who never saw this fairly niche event.
- leethaxor 4y ago> They'll only let him come to the US if the U.S. guarantees he'll go back to the Bahamas for their charges. The US has a law that says they will invade The Hague if the court there makes a decision they don't like. Are you sure there's such thing as "the US guarantees"?
- deleted 4y ago[deleted]
- a4isms 4y ago"One man with a briefcase can steal more money than a hundred men with guns."—Don Corleone "One man with a keyboard and an internet connection can steal more money than a thousand men with briefcases."—SBF
- O__________O 4y agoAppears he was listed weeks before the crash in October: https://web.archive.org/web/20221018125217/https://www.nytimes.com/events/dealbook-summit#speakers https://web.archive.org/web/20221018125217/https://www.nytim... FTX public crash started in November: https://wikipedia.org/wiki/Bankruptcy_of_FTX https://wikipedia.org/wiki/Bankruptcy_of_FTX ____________ EDIT: Another comment links to tweet by NYT & SBF both confirming he’s still “speaking” at the event, though who knows if he’ll actually be live and in person: https://news.ycombinator.com/item?id=33743735 https://news.ycombinator.com/item?id=33743735
- Apocryphon 4y agoYeah, it’s less a recent invite and more of a lack of un-invite.
- Bubble_Pop_22 4y agoWhy would they un-invite him though? After Pete Carrol made the call to pass on the 1-yd line , everybody wanted to interview him. Much more than they wanted to hear from Bellichick.
- oska 4y agoMaking some sort of error in a sports game is not a criminal act; fraud is.
- 22SAS 4y ago
- dadoge 4y agoDo the writers at NY Times simply not know he deliberately ran a fake exchange and quite literally stole money from people? Or is someone with deep pockets influencing things? Either way, a totally horrible look for NY Times
- pessimizer 4y agoHe's not even going to be the worst person speaking at the event, by far.
- rossdavidh 4y agoI don't know, I think he is undoubtedly a newsworthy individual, and if it is true that he is not receiving a speaker's fee, I think it makes sense for them to keep him on the agenda.
- dadoge 4y agoBernie Madoff is also a newsworthy individual
- michaericalribo 4y agoAnd it would be in the public interest to have Madoff on a public panel forum. Democratization of information, open platforms, etc
- HWR_14 4y agoAnd if Madoff agreed to an interview the month his scheme collapsed the NYT would publish it too. In fact, the NYT did publish the first post-arrest interview with Madoff as soon as he agreed to one.
- dibt 4y agoIt was already scheduled, but also why wouldn’t they want him to appear? It’s an on going story. They’re obviously not endorsing crime or fraud. They’d interview Bernie Madoff the week he was caught too.
- rqtwteye 4y agoTo make it complete they probably should invite Elizabeth Holmes to give a lecture about visionary leadership.
- DLA 4y agoThey've got NYC Mayor Eric Adams to speak on visionary leadership. lolz
- passwordoops 4y agoAs people on fintwit have mentioned Madoff was in handcuffs less than 24 hours after his fraud was exposed. Bit this dude who literally described his business model as a Ponzi scheme?... I can't help but feel a bit of cynicism over everything right now
- dralley 4y agoSBF is in the Bahamas, the Feds will need to get him extradited. And Madoff confessed immediately.
- hnbear 4y agoI was getting ads for this on LinkedIn, including SBF, before the FTX crash. Pretty sure this is just that they haven't updated the content and pre-exists FTX imploding. Would be great if he still showed up though. Would make for an amazing Q&A.
- chrchang523 4y agoThey've confirmed that he will still be showing up: https://twitter.com/andrewrsorkin/status/1595517635441090565 https://twitter.com/andrewrsorkin/status/1595517635441090565
- elliekelly 4y agoI’m willing to bet he’ll be making a virtual “appearance” if he makes any appearance at all.
- Step888 4y agoYes, anyone can commit to a Zoom appearance. Even Snowden does those.
- greatpostman 4y agoIt’s a big club and you ain’t in it
- sgammon 4y agocould really use carlin right about now
- lopatin 4y agoWhat are the chances he gets arrested immediately when leaving the airport? Or does the US not have any jurisdiction since FTX was located in the Bahamas? Even FTX US?
- rossdavidh 4y agoNot that unlikely, but as far as I know he isn't actually charged with anything yet? But, even if I am correct on that, he almost undoubtedly will be at some point. You can lose a lot of poor and maybe middle class people's money and walk free, but FTX also lost some rich people's money. You don't lose that many rich people's money without getting charged, unless you're absolutely saintly in your behavior, which SBF certainly was not.
- EGreg 4y agoWait what? They got Zelensky to come to NYC? And Netanyahu agreed to speak at the New York Times event too? I am missing something here… all these people will be in NYC when and where exactly?
- Terretta 4y agoContrary to folks in thread anticipating SBF arrest at airport, you may be on to something.
- HebericNewt 4y ago
- fuzzfactor 4y agoI suppose a number of them could be video appearances. I wouldn't be surprised if Bankman-Fried is still quite welcome to be in this.
- erehweb 4y agoA piece that claims that yes, he is still invited, but will receive no speaking fee. https://popula.com/2022/11/23/will-sam-bankman-fried-show-up-for-next-weeks-dealbook-summit-the-fine-print/ https://popula.com/2022/11/23/will-sam-bankman-fried-show-up...
- kwertyoowiyop 4y agoThey could pay him in FTT.
- nemo44x 4y agoClawback is going to be hell for all the entities he donated stolen money to. This is why KYC is so important anytime money is involved.
- Terretta 4y agoHow would KYC have helped? They knew the customer. At the time, FTX was considered poster child of regulatory cooperation.
- nemo44x 4y agoIt doesn’t sound like too many layers had to be peeled away to see that it was all a scam. When you’re dealing with donations that large, you need to get to the root of it. They wound have noticed they didn’t have any real accounting or auditing and knew they’d have to reject the money.
- cinema77 4y agoLol. No
- BeFlatXIII 4y agoHopefully the employees at the organizations loot the office rather than the the fancy office furniture be auctioned off to pay back the depositors.
- HarryHirsch 4y agoWe should make this about Janet Yellen instead. Why does the Secretary of the Treasury, who is tasked with setting monetary policy, voluntarily share the stage with a crypto-shyster?
- michaericalribo 4y agoAs a top-of-her-field academic and policymaker, I can’t think of many who are better suited than Yellen to directly engage SBF on the substance of what’s happened
- HarryHirsch 4y agoYellen has been Treasury Secretary for almost two years. She had enough time to set policy and failed to do so, and now we are here.
- hackrnusr 4y agoTop of your field academic means nothing in the dismal science. Economics is a sad joke. Has never had anything useful to say. And never will.
- rflec028 4y agoIt's kind of strange that there are so many hated people speaking at this event.
- cinema77 4y agoThis will never happen and if he did show up he will likely be arrested.
- Exendroinient00 4y agoNow you can only expect a non-biased nyt interviewer.
- DLA 4y agoI hope this is an operation to arrest the #$%#$% SBF and bring him to justice for the scorched earth he caused. What possible benefit could SBF bring to the NYT event--how to blow up millions of people's finances while you rob the company blind? Well SBF's financial insights _would_ go well with a Yellen's "transitory inflation" disaster. Just sayin.
- trasz2 4y agoNot “millions”, as FTX barely had a million customers. And most of the money belonged to entities like Sequoia Capital and SoftBank and not actual people. Also, given it was a crypto exchange, ie a ponzi scheme by design, I’m not sure if there’s any point in blaming the owners for making it a bit more scammy.
- legitster 4y agoI say do it. I would be frankly amused to see what he would dare to present. It would also be over of the few times you would actually cut through the survivorship fallacies that define these speaker lists.
- reiichiroh 4y agoLet’s get Robert Kiyosaki and David Shing too!
- mikeatwork 4y agoMy first instinct upon reading this headline was, which of the two is the bigger crook? Sure, SBF stole a lot of money, but Yellen is a dishonest political hack whose inflationary policies caused a lot more harm to the economy.