51–60 of 98 posts
Ontario Teachers writes off FTX stake, citing potential fraud https://www.bnnbloomberg.ca/ontario-teachers-writes-off-ftx-...
This is a US$182 billion fund.
Earlier quoted context omitted.
“almost immediately” relative to when?
Once Bad Blood was published. It took a few years for the dam to break, but once it did the rest of the media piled on quick. The FTX dam broke a few weeks ago and so far the media generally seems unenthusiastic about covering the story. Most people I've mentioned it to haven't heard of it yet; that's the media's fault.
I don't think the media turned into a mob until after the book, as you said.
So this isn’t really a big story yet, is it? I’m staying at my parents’ house for thanksgiving and when I asked them about it they both had no idea what I was talking about. My mom faintly remembered something about some crypto guy or something, but “FTX” didn’t ring a bell. This was very surprising to me because they are older and watch the news on television every day. I think their schedule is fox news from 5-6, t…
We have no evidence any politicians or journalists were compromised. (Journalists at no-name outlets writing puff pieces is unfortunately banal.) That makes this a crypto story, and one whose victims are particularly unsympathetic at that. Those have a niche. But they aren’t mainstream.
Related: Apple is reportedly nearing a deal for the rights to Michael Lewis’ upcoming book on Sam Bankman-Fried and FTX.[^1] Lewis is the author of The Big Short and Moneyball. [1]: https://deadline.com/2022/11/apple-deal-michael-lewis-book-c...
Earlier quoted context omitted.
“almost immediately” relative to when?
Once Bad Blood was published. It took a few years for the dam to break, but once it did the rest of the media piled on quick. The FTX dam broke a few weeks ago and so far the media generally seems unenthusiastic about covering the story. Most people I've mentioned it to haven't heard of it yet; that's the media's fault.
It's not like it's difficult to find FTX in the news anyway.
https://usatoday.com/story/money/2022/11/17/ftx-collapse-ceo...
https://usatoday.com/story/opinion/2022/11/19/ftxs-collapse-...
https://usatoday.com/story/sports/nba/2022/11/22/miami-dade-...
Earlier quoted context omitted.
The wheels of the law grind slowly. Look at Elizabeth Holmes. The WSJ article that started her downfall came out in 2015. And she's still walking around free (for now).
Unless you wrote tornado.cash then they find you where you hide and jail you. Meanwhile SBF is walking around freely and giving interviews. *edit: phrasing
If you borrow $100,000, the bank owns you. If you borrow $100,000,000, you own the bank.
The bigger you are, the longer it takes the establishment to bring you down, if they ever do.
So this isn’t really a big story yet, is it? I’m staying at my parents’ house for thanksgiving and when I asked them about it they both had no idea what I was talking about. My mom faintly remembered something about some crypto guy or something, but “FTX” didn’t ring a bell. This was very surprising to me because they are older and watch the news on television every day. I think their schedule is fox news from 5-6, t…
So this isn’t really a big story yet, is it? I’m staying at my parents’ house for thanksgiving and when I asked them about it they both had no idea what I was talking about. My mom faintly remembered something about some crypto guy or something, but “FTX” didn’t ring a bell. This was very surprising to me because they are older and watch the news on television every day. I think their schedule is fox news from 5-6, t…
> an international ponzi scheme involving politicians and journalists We have no evidence any politicians or journalists were compromised. (Journalists at no-name outlets writing puff pieces is unfortunately banal.) That makes this a crypto story, and one whose victims are particularly unsympathetic at that. Those have a niche. But they aren’t mainstream.
Just FYI. SBF will next week speak at New York Time conference, together with Mark Zuckerberg, Volodymyr Zelenskyy, Mike Pence, Benjamin Netanyahu, Ben Affleck, Eric Adams, and others. And yeah he is apparently still coming. https://www.nytimes.com/events/dealbook-summit#speakers https://twitter.com/SBF_FTX/status/1595512579417378837?cxt=H...
Hopefully they're properly negative on SBF as opposed to the mainstream media that seems to be still effusing his praise or at least being neutral. Also there's still the criminal charges to come after this. I don't really understand why he's not already in prison.