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FTX’s ownership of a U.S. bank raises questions

nytimes.com

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Re: FTX’s ownership of a U.S. bank raises questions

#181

Post by kurtreed »

gumby wrote: post #98
sschueller wrote: post #2

My question is why the NY times is still running a summit where SBF is currently still scheduled to speak.

He's being interviewed by Sorkin so even if FTX hadn't crashed, it would have been as interesting* and enlightening as SBF's interview with Levine. It will be even better now, and I will enjoy reading the transcript. * TBH my only interest in the whole things is Schadenfreude, like checking out a car crash in the street. The sector is so tiny that even if FTX brings the whole thing down it'll be a largely invisible r…

Who's Sorkin?

Re: FTX’s ownership of a U.S. bank raises questions

#182

Post by fnordpiglet »

quickthrower2 wrote: post #157
fnordpiglet wrote: post #144

Earlier quoted context omitted.

Any bank. Bank charters are attached with enormous responsibilities and consequences.

For big banks: fines yes, prison, usually no. For example https://www.reuters.com/business/finance/us-fed-terminates-e...

For employees involved in money laundering or insider trading or other financial crimes, they go to jail fast regardless of bank size. And the firms spend negative energy protecting them.

Re: FTX’s ownership of a U.S. bank raises questions

#183

Post by halffaday »

trompetenaccoun wrote: post #139
greesil wrote: post #117

Earlier quoted context omitted.

Unavoidable now because of the Citizens United court decision. Of course it's bad, but what are you gonna do?

Band together with other citizens and demand an end of this! Also since we're at it corporations aren't persons. The founders of the US were very vocal about giving power to the people, the laws were never intended to grant personhood to legal entities for the purpose of enabling unlimited political lobbying by their wealthy owners.

There is a significant effort put in by the FBI and others to arrest people who do that.

Re: FTX’s ownership of a U.S. bank raises questions

#184

Post by soheil »

throwaway09223 wrote: post #96
PragmaticPulp wrote: post #23

Earlier quoted context omitted.

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.

This is true of basically every public figure. I guess you're suggesting the NYT shouldn't let him speak, to protect us from ourselves? That's a startling position.

They're not letting every other criminal speak, is that also a startling position?

Re: FTX’s ownership of a U.S. bank raises questions

#185

Post by brookst »

MichaelCollins wrote: post #133
brookst wrote: post #73

Earlier quoted context omitted.

Are you suggesting that if any words can harm people, all words must be considered harmful?

I'm saying Bankman-Fried has hurt a few orders of magnitude more people than Alex Jones, and allowing him to give interviews and flippantly defend himself is going to cause a lot of emotional trauma.

I think some people have different feelings about their murdered children than they do about stolen money. YMMV.

Re: FTX’s ownership of a U.S. bank raises questions

#186

Post by brookst »

dmix wrote: post #128
brookst wrote: post #85

Earlier quoted context omitted.

Great. Who has the NYT deplatformed?

What's your point? That NYTimes takes a stand against deplatforming? At their own summits? Or in their newspaper's opinion pieces?

You said you were surprised the NYT had not deplatformed him. I was asking what they had done in the past that made you think they would. I guess nothing?

Re: FTX’s ownership of a U.S. bank raises questions

#188

Post by stickfigure »

watwut wrote: post #162
throwaway09223 wrote: post #96

Earlier quoted context omitted.

This is true of basically every public figure. I guess you're suggesting the NYT shouldn't let him speak, to protect us from ourselves? That's a startling position.

They are not letting me speak. They are not letting average fraudster waiting for court day to speak. Given that, yes, they should be able to not let speak whoever. They are selecting very few people to speak and rejecting huge amounts of other people. But the other real thing is how you introduce the speaker. What do you say about the speaker in your materials, whether you promote him as trustworthy or not.

> They are not letting me speak.

Please don't take this personally, but I generally have no interest in watching random people speak. They know their audience.

On the other hand, if they could secure an interview with Adolf Hitler himself, I would watch. Interest does not mean endorsement.

Re: FTX’s ownership of a U.S. bank raises questions

#189

Post by kome »

"The chairman of FBH is Jean Chalopin, who, along with being a co-creator of cartoon cop Inspector Gadget in the 1980s, is the chairman of Deltec Bank, which, like FTX, is based in the Bahamas."

ahaha, i loved Inspector Gadget. but also: what the hell.

Re: FTX’s ownership of a U.S. bank raises questions

#190

Post by williamcotton »

TacticalCoder wrote: post #177
graeme wrote: post #95

I looked into this. They used to do business as Geniome Bank, and their job ads are for "crypto and marijuana". Almost no publicity, though they sponsored a few marijuana events. Chalopin usually shies away from press, so his personal involvement is odd. His son is also the chief digital officer of the company. Another curiosity is the old Farmington team is still there, including the presdient, and they still appear…

> "Geniome" is the trademark of a UK based company also owned by Deltec/Chalopin: IFSG. So, Chalopin has an unusal degree of personal involvement here. And Deltec is a centerpiece behind the tether (USDT)/Bitfinex scam. People who actually described the Alameda/FTX ponzi scam for what it was since day one have always said it: Alameda/FTX is just a front set up by tether/Bitfinex, made to precisely hide more market ma…

How do you know any of this?
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