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What was the probability that one of JaneStreet’s alumni, Sam Bankman Fried, would use JaneStreet’s brand name to build up credibility and then pull off the big
by spaceman_2020 3y ago
What was the probability that one of JaneStreet’s alumni, Sam Bankman Fried, would use JaneStreet’s brand name to build up credibility and then pull off the biggest ponzi scheme in human history?
- clavalle 3y agoSlightly lower than one of MIT's alumni doing the same. It's telling that Jane Street stayed away from the whole mess despite the connection.
- spaceman_2020 3y agoThey were happy to trade crypto and provide market making facilities throughout the ordeal. They only decided to “step back” now that regulators are bringing the hammer down This wasn’t an innocent bystander firm. They were complicit, either directly or indirectly
- JumpCrisscross 3y agoBuying prospectors' pyrite for the little it’s worth is different from driving aspiring miners to mountains without food or water.
- dist-epoch 3y ago> use JaneStreet’s brand name to build up credibility How is that different from bragging that you finished MIT, Harvard, Oxford, you worked at Google or that your startup is in YC.
- spaceman_2020 3y agoWell for one, JaneStreet is an active market maker, trader, and investor in crypto, including in many projects created and/or backed by SBF
- berkle4455 3y agoThe fact that JaneStreet hired both SBF and Caroline shows their interview process has a few flaws.
- smabie 3y agoWhy? Maybe they were good employees? Just because they did something bad after really isn't thst relevant.
- berkle4455 3y agoIt shows JS doesn’t scan for morality or ethics or judgement.
- smabie 3y agoWere you screened for morality or ethics at your current job?
- spaceman_2020 3y agoI was. You were too. It's just called "culture fit" in polite society.
- tasuki 3y agoThese are hard to scan for. Also people can change?
- blitzar 3y agoPlenty of tech nerds have turned into complete psychopaths when they pocketed their first billion.
- filoleg 3y agoUnless you happen to have some evidence presenting unethical and/or immoral actions on the part of SFB and Caroline during their tenures at JS, it only shows that JS don't try be an oracle predicting future morality or ethics or judgement of their candidates for the rest of their lives. JS aren't future tellers when it comes to their employees' lives after they leave JS, and JS has no control over those employees once they depart either.
- deleted 3y ago[deleted]