The funds should be easy to audit and claw back from the political recipients and distribute back to the victims, right? ...right? /S
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Bankman-Fried used $100M in stolen FTX funds for political donations, US says
121–130 of 179 posts
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#122Better than Russia, tho, right?
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Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#123Earlier quoted context omitted.
That's the illusion you've been sold. Semantics. You give someone with political power money in order to buy their support and/or influence the way they spend government money/efforts. That's what bribery is. That's what lobbying is.
John Stewart advocating for 9/11 first responders or you calling your Senator to tell them to support or oppose a bill would then be called what? That technically would be lobbying but you define that was also bribery.
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Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#124Earlier quoted context omitted.
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>Soros-type supervillain As in, someone who survived the Holocaust and uses his money to promote democracy around the world?
Soros gets demonised by the right because he’s Jewish, but he’s still no friend of the working class and has no interest in actual democracy. Like most capitalists, he funds people and systems that benefit the profits of his faction of capital.
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#125Earlier quoted context omitted.
>Soros-type supervillain As in, someone who survived the Holocaust and uses his money to promote democracy around the world?
Democracy is a beloved system of billionaires because they are able to pressure the weak men in power with money.
what's the better option
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#126Earlier quoted context omitted.
>Soros-type supervillain As in, someone who survived the Holocaust and uses his money to promote democracy around the world?
Soros gets demonised by the right because he’s Jewish, but he’s still no friend of the working class and has no interest in actual democracy. Like most capitalists, he funds people and systems that benefit the profits of his faction of capital.
I thinking funding the Central European University in Budapest originally with full scholarships to poorer Hungarian students is in the spirit of democracy and helps working class people.
Could you highlight what part of his philanthropy you disagree with?
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#127Earlier quoted context omitted.
That's the illusion you've been sold. Semantics. You give someone with political power money in order to buy their support and/or influence the way they spend government money/efforts. That's what bribery is. That's what lobbying is.
John Stewart advocating for 9/11 first responders or you calling your Senator to tell them to support or oppose a bill would then be called what? That technically would be lobbying but you define that was also bribery.
> John Stewart advocating for 9/11 first responders or you calling your Senator to tell them to support or oppose a bill would then be called what?
That's lobbying.
Jon Stewart supporting politician X with $1M for his re-election campaign in exchange for a 9/11 bill... that would be bribery. But in the US, this bribery is called lobbying.
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#128So does only the donator get punished here and not as well the recipient? Isn't it generally the case if you receive stolen goods they can be take away? I think there should be an exception specificity for political donations where the recipient is just as much in trouble for an illegal donation as the party sending it.
with regards to the second half of your comment, I suspect this is a belief coloured by your distaste for the political system in general. This is understandable, but not really fair
Yes the political donation system is horrendous, and yes both parties are as a result corrupt capitalist lapdogs to corporations and the super rich, but given that the system exists, it's hard to legally blame a party for taking a donation from what at the time seemed like a legitimate business(man).
I agree that there could and should be some form of financial retribution though. If a charity received illegal donations, surely they would have to forfeit it?
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#129Earlier quoted context omitted.
The article says he donated to DNC and to GOP (through Salame) to eradicate anti-crypto sentiment among lawmakers. Not so sure about the desire to create a socialist pet.
He donated like 3 grand to the GOP.
3 grand, 24 million, what's the difference?
Re: Bankman-Fried used $100M in stolen FTX funds for political donations, US says
#130The whole scheme strikes me as … unsophisticated, especially for two math geniuses.
in my experience being good at maths doesn't reliably indicate you're good at anything wildly beyond maths. often some related subjects like programming, but not always