Which set of supposed regulators approved this purchase?
Find them. Investigate them.
FTX’s ownership of a U.S. bank raises questions
31–40 of 226 posts
Re: FTX’s ownership of a U.S. bank raises questions
#32Earlier quoted context omitted.
He hasn't been convicted let alone charged with a crime (yet). When he is, his actions weren't violent. He's not a radicalizing figure and letting him speak doesn't hurt anyone (as opposed to an Alex Jones type).
>When he is, his actions weren't violent If you steal $10 from a local shop (sorry, $1000 in California now) you'll be in jail before the end of the week. Steal $1,000,000,000 eight times over and you.. get to speak at a NYT conference? I don't know, I just want some consistency from the justice system. That's not too much to ask for, or expect, really.
I believe that stealing from financial systems should be less harshly punished than stealing directly from people, small businesses etc.
Whole point of financial system is risk management, while corner shop owners should not deal with theft risk at all.
Re: FTX’s ownership of a U.S. bank raises questions
#33Earlier quoted context omitted.
>When he is, his actions weren't violent If you steal $10 from a local shop (sorry, $1000 in California now) you'll be in jail before the end of the week. Steal $1,000,000,000 eight times over and you.. get to speak at a NYT conference? I don't know, I just want some consistency from the justice system. That's not too much to ask for, or expect, really.
I believe that stealing from financial systems should be less harshly punished than stealing directly from people, small businesses etc. Whole point of financial system is risk management, while corner shop owners should not deal with theft risk at all.
I bet more than one corner shop worker had money in FTX.
Re: FTX’s ownership of a U.S. bank raises questions
#34Earlier quoted context omitted.
>When he is, his actions weren't violent If you steal $10 from a local shop (sorry, $1000 in California now) you'll be in jail before the end of the week. Steal $1,000,000,000 eight times over and you.. get to speak at a NYT conference? I don't know, I just want some consistency from the justice system. That's not too much to ask for, or expect, really.
> That's not too much to ask for, or expect, really. Please tell me what reality you live in and how to get there. Hell, just look across this site to see all the advice that ethics are for those who like staying poor.
It's quite simple, you take a clear eyed look at the problems in the world and you say, "I don't need to accept this, this can and should be fixed." You'll no doubt encounter people saying silly stuff like you cited, because some people operate on the basis of "the most cynical take is the correct one;" you ignore these people and continue to focus on the problems at hand. Similar to how, if you want to start a business, there are likely people in your life who will shoot down every idea that you have; you stop asking those people for advice.
Re: FTX’s ownership of a U.S. bank raises questions
#35My question is why the NY times is still running a summit where SBF is currently still scheduled to speak.
He hasn't been convicted let alone charged with a crime (yet). When he is, his actions weren't violent. He's not a radicalizing figure and letting him speak doesn't hurt anyone (as opposed to an Alex Jones type).
Statistically speaking there's assuredly at least 1 person in this whole fiasco that lost most to all of their life savings, stolen from them, by this guy.
This is an extreme form of violence, not physical but definitely psychological, your whole life of work savings was wiped out and taken by this guy.
Holding the view you hold is why white-collar crimes are viewed so leniently compared to what you'd call violent crimes. Just because the effects of it are more abstracted away doesn't make them lesser, people might commit suicide over this. They might never recover the amount of money lost for the rest of their lifetime. It's a perpetual torture for those who got the shortest end of the stick. How is that non-violent?
Re: FTX’s ownership of a U.S. bank raises questions
#36I'll leave aside "the transaction was fraudulently approved" for the moment. I can see a possible, if naïve, thought process being "It's a tiny bank, hedge and crypto do absurd types of silly transactions, let's let them burn their cash since they think yolo with their own money."
Re: FTX’s ownership of a U.S. bank raises questions
#37Earlier quoted context omitted.
I obviously can’t speak for everyone, but personally, I am much more interested in what he has to say now than I was pre-collapse.
Yes, but you also seem to know more about the story than the average person. When SBF lies or gaslights, you can see right through it. Different story for the average listener, who will be listening to most interactions with an open mind and susceptible to whichever person tends to be more charming or persuasive.
While I have little confidence in the average NYT reader I think people need to be able to make up their own minds, and Sam has an important and relevant perspective which we should be able to take into account, even if he might frame it in a way that makes him look good
Re: FTX’s ownership of a U.S. bank raises questions
#38My question is why the NY times is still running a summit where SBF is currently still scheduled to speak.
He hasn't been convicted let alone charged with a crime (yet). When he is, his actions weren't violent. He's not a radicalizing figure and letting him speak doesn't hurt anyone (as opposed to an Alex Jones type).
He stole billions of dollars in client funds.
That's far more damaging than a delusional rant on some obscure internet radio station.
Re: FTX’s ownership of a U.S. bank raises questions
#39Earlier quoted context omitted.
He hasn't been convicted let alone charged with a crime (yet). When he is, his actions weren't violent. He's not a radicalizing figure and letting him speak doesn't hurt anyone (as opposed to an Alex Jones type).
Statistically speaking there's assuredly at least 1 person in this whole fiasco that lost most to all of their life savings, stolen from them, by this guy. This is an extreme form of violence, not physical but definitely psychological, your whole life of work savings was wiped out and taken by this guy. Holding the view you hold is why white-collar crimes are viewed so leniently compared to what you'd call violent cr…
It's not my view that he hasn't been charged or convicted, it is an objective fact.
What is the definition of violence?
> behavior involving physical force intended to hurt, damage, or kill someone or something.
Re: FTX’s ownership of a U.S. bank raises questions
#40My question is why the NY times is still running a summit where SBF is currently still scheduled to speak.
The claim is that they’ll use the opportunity to grill him with hard questions and check his lies on the spot. In reality, I have a hard time believing that after watching Kanye West’s recent media tour where he steamrolled his interviewers and used their platforms to repeat his claims over and over again. Even the podcasts where interviewers supposedly pushed back the most (Lex Fridman is often given as an example)…
SBF is probably paying for the best personal brand repair money can buy. He knows if you can achieve the cult like following of Elon or Trump you can become untouchable with the right bribes.