4 ms·

Since both are talking, I assume their deal isn't that great. My understanding is that you only get those out-of-jail-free cards if there's no other way to conv

Since both are talking, I assume their deal isn't that great. My understanding is that you only get those out-of-jail-free cards if there's no other way to convict and I don't see that being the case here in any way. On the other hand, great lawyers and connections might still make something out of it.

TotoHorner 4y ago
> On the other hand, great lawyers and connections might still make something out of it. That's my concern. Caroline's father is an MIT professor who was previously Gary Gensler's (head of SEC) boss. It would be extremely disheartening if Caroline gets an extremely generous plea deal due to her father's connections.
- HWR_14 4y ago
  What is up with the conspiracy theories that professors are somehow politically powerful entities? Is everyone putting forth these theories still in college? Do they not know how little power college professors wield outside academia. Personal connections to the head of the SEC on the other hand are valuable.
  - japaneseminisub 4y ago
    I agree that the focus on her father's professorship is strange in this context. More broadly it seems like it might be blurring lines... SBF's parents being specifically Law professors, and having a certain level of access to FTX, would likely have been aware of any criminality occurring and should have tried to prevent it. You're right that what matters is: - Ellison's father is strongly connected to the SEC head - SBF's mother was a major fundraiser for the DNC
    - deleted 4y ago
      [deleted]
  - TotoHorner 4y ago
    > Do they not know how little power college professors wield outside academia Are you joking? That's absolutely not the case for Economics (the context we're talking about here). Why don't you look up the backgrounds of the people on the Federal Reserve Board of Governors? Or, look up who drafts major legislation? If you watch MIT's Econ 101 course on YouTube, the professor who teaches it was actually the guy behind Obamacare (John Gruber). Modern Monetary Policy has become a huge part of a base of the Democratic Party, again... drafted by an Economics Professor. > Is everyone putting forth these theories still in college? Do they not know how little power college professors wield outside academia. No. I'm not still in college. You just seem to be completely unaware on how influential Economists (almost all of whom are college professors) are. > Personal connections to the head of the SEC on the other hand are valuable Oh yeah, head of the SEC is also an MIT Econ Professor. But... clearly they have no power outside academia!! Saying otherwise is a conspiracy theory!!
    - HWR_14 4y ago
      I looked up the backgrounds of the Federal Reserve Board of Governors. And? A few were professors for a few years and maybe one made it a major job. The former head of the SEC was also a partner at Goldman Sachs, where he co-chaired their Finance committee overseeing their internal controls, spent 4 years in an undersecretary position in the treasury department, joined the Senate staff and helped write Sarbanes-Oxley, is former chair of the US CTFC where he overhauled regulations for 6 years. By my count, that's 12 years of high-level federal government experience, 18 years at Goldman Sachs, and maybe 6 years as a professor. And the professorship was after at least 24 years doing other things at a very high level You seem to confuse cause and effect
      - vkou 4y ago
        He also forgets that a large part of the federal reserve is, essentially, a research institution. That does research, publishes and critiques papers, and then takes those papers into account when drafting policy.
        4y ago

TotoHorner 4y ago

> On the other hand, great lawyers and connections might still make something out of it. That's my concern. Caroline's father is an MIT professor who was previously Gary Gensler's (head of SEC) boss. It would be extremely disheartening if Caroline gets an extremely generous plea deal due to her father's connections.

HWR_14 4y ago
What is up with the conspiracy theories that professors are somehow politically powerful entities? Is everyone putting forth these theories still in college? Do they not know how little power college professors wield outside academia. Personal connections to the head of the SEC on the other hand are valuable.
- japaneseminisub 4y ago
  I agree that the focus on her father's professorship is strange in this context. More broadly it seems like it might be blurring lines... SBF's parents being specifically Law professors, and having a certain level of access to FTX, would likely have been aware of any criminality occurring and should have tried to prevent it. You're right that what matters is: - Ellison's father is strongly connected to the SEC head - SBF's mother was a major fundraiser for the DNC
  - deleted 4y ago
    [deleted]
- TotoHorner 4y ago
  > Do they not know how little power college professors wield outside academia Are you joking? That's absolutely not the case for Economics (the context we're talking about here). Why don't you look up the backgrounds of the people on the Federal Reserve Board of Governors? Or, look up who drafts major legislation? If you watch MIT's Econ 101 course on YouTube, the professor who teaches it was actually the guy behind Obamacare (John Gruber). Modern Monetary Policy has become a huge part of a base of the Democratic Party, again... drafted by an Economics Professor. > Is everyone putting forth these theories still in college? Do they not know how little power college professors wield outside academia. No. I'm not still in college. You just seem to be completely unaware on how influential Economists (almost all of whom are college professors) are. > Personal connections to the head of the SEC on the other hand are valuable Oh yeah, head of the SEC is also an MIT Econ Professor. But... clearly they have no power outside academia!! Saying otherwise is a conspiracy theory!!
  - HWR_14 4y ago
    I looked up the backgrounds of the Federal Reserve Board of Governors. And? A few were professors for a few years and maybe one made it a major job. The former head of the SEC was also a partner at Goldman Sachs, where he co-chaired their Finance committee overseeing their internal controls, spent 4 years in an undersecretary position in the treasury department, joined the Senate staff and helped write Sarbanes-Oxley, is former chair of the US CTFC where he overhauled regulations for 6 years. By my count, that's 12 years of high-level federal government experience, 18 years at Goldman Sachs, and maybe 6 years as a professor. And the professorship was after at least 24 years doing other things at a very high level You seem to confuse cause and effect
    - vkou 4y ago
      He also forgets that a large part of the federal reserve is, essentially, a research institution. That does research, publishes and critiques papers, and then takes those papers into account when drafting policy.
      - 4y ago