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I very much agree. "Number go up" by Faux is the better book in many respects, but Lewis's book contains much background info not reported elsewhere. Lewis's bo
by gizmo 3y ago
I very much agree. "Number go up" by Faux is the better book in many respects, but Lewis's book contains much background info not reported elsewhere. Lewis's book is damning about SBF as you said. About how unapologetic and manipulative he is. About his willingness to gamble with other people's money. About his complete lack of ethical boundaries. About the casual way SBF ignored all laws he didn't like. About SBF's history of reckless gambling.
Yes, Lewis was (and probably still is) sympathetic to SBF. But that's also how he got him to talk! The book wouldn't have been possible had Lewis behaved as a skeptical investigative journalist. Lewis gave SBF all the rope he needed to hang himself with, and that was all he needed to do.
- FabHK 3y ago> Lewis gave SBF all the rope he needed to hang himself with, and that was all he needed to do. Very nicely put. Book recommendations: Faux Number go up is beautifully reported, in particular on the many scam and trafficking victims, the culture (Bored Ape parties), some of the players (eg SBF, the Tether people, etc.), and the underlying anarcho-capitalist mindset. On the impact on the underprivileged (that the "check your financial privilege" and "banking the unbanked" predatory inclusion crypto crowd purports to care so much for), the green-washing of Bitcoin, the crypto philanthropy "bad samaritans", Metaverse and Web3, check Peter Howson's Let Them Eat Crypto. Ben McKenzie and Jacob Silverman's Easy Money is another non-technical examination of fraud in crypto, El Salvador, and the severe consequences for victims.
- Aeolun 3y ago> About how unapologetic and manipulative he is. About his willingness to gamble with other people's money. This describes most bankers? They’re generally smarter in that they work for an organization that dillutes responsibility for their crimes.
- tremon 3y agoThat's why most bankers are subject to all the laws that SBF didn't like.
- crotchfire 3y ago[flagged]
- badpun 3y agoMadoff wasn't a banker.
- ushtaritk421 3y agoBernie Madoff did die in prison, so there’s that.
- rsr 3y agoHe died in prison. I don't know how much more subject to laws you can possibly get.
- sob727 3y agoIf you're aware of a financial crime, please report it to the SEC or one of the other financial regulators through their whistleblower hotline. You may be in for a big payday.
- iopq 3y agoThey are smart enough to make all their grifts "fees" and "interest rates" For example, charging 17% on a credit card bill when the interest rate is 5.25% and that's on excellent credit like mine where I haven't missed a payment in almost 20 years