641–650 of 1001 posts
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> kid He's a 32 year old man.
No no, he is rich so of course he is just a kid, lost in the sauce, accidentally squandering a few billion. Now, 16 year old male from a low income household, those are men, and should know the consequence of their actions better. /s This infantilizing is disgusting propaganda in and of itself.
Even when (maybe especially when) people greviously harm others for profit, prison still doesn't make sense. How is putting this person in a cage (and filling the coffers of prison profiteers) supposed to restore his victims?
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Yes, it is extremely backwards. The prison system in the US (like vehicle and environmental regulations in the US) exemplifies how little the culture there values human lives and lifespan.
A plausible alternative is that the culture in the US puts considerably more value on the lives of the victims and assigns nearly zero value to the life of the criminal. Arguing that people should "please think of the criminals" is a non-starter.
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FWIW, I didn't find Lewis's book as bad (or amoral) as it's often made out to be. Yes, he didn't put his judgement in every paragraph, but his description of SBF was: a) absolutely damning! SBF's lack of empathy, his notion that (given that everyone else is stupid) he knew best and should basically ignore the advice of everyone else (particularly his elders), his naive utilitarianism without any deontological/virtue…
The problem with Lewis's book is that it was pretty clear it was an on-a-dime pivot from the original story he had planned to tell, about a wunderkind revolutionizing finance and trying to save the world at the same time.
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Can you elaborate on how FTX's losses were socialized here?
Its the US Government courts who are handling FTX's bankruptcy. So at a minimum, they are expecting the USA Government to figure out how to split the money / clawback what they can and untangle the mess of the balance sheets (rumor has it: a completely non-existent set of documentation in the case of FTX).
But I'm going to go out on a limb and guess you've never referred to it as "socializing the losses of having possessions in your home" when police unravel a burglary operation and return the loot to its rightful owners.
It blows my mind that we let sex offenders off for less. Is it just me or does that seem backwards? Brian Peck got 16 months of prison and it seems to be that he caused a lot more harm to society than ol SBF here.
Legally, Brian Peck injured two victims. SBF arguably injured far more than that (especially if you assign even partial responsibility for the suicides of people he victimized).
I was under the impression his crimes were entirely financial in nature, whereas in my mind the sexual exploitation of minors is several orders of magnitude worse than financial losses.
From the article, SBF will likely be out in 2036, at the age of 45. There’s a good chance he’ll get himself into shenanigans again, if not already from inside prison.
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If I broke into a person's house and stole $1000, even if I didn't directly hurt that person, I could expect to get several years in prison, basically regardless of the state. Lets say three years to be conservative on this? Sam Bankman Fried stole billions of dollars [1], probably often around $1000 at a time from tens of thousands of people. If going with my logic, he should be getting a lot longer than 25 years, u…
"If I broke into a person's house and stole" The owners, the police, the prosecutor and the jury would be far more interested in the breaking and entry charge than the $1000. In fact, in every state of the Union, if you're facing me whilst committing the act of trespassing inside my home, I can legally punch a hole through your torso with a 9mm.
It's funny. I lost tens of thousands of dollars thanks to this individual, yet his sentence brings me no joy or arouses any emotion at all. I'm utterly indifferent to his fate for some reason and I don't know why. Yet if he had been a mugger who stole a much smaller amount of money from me on the street, I think I would've been far more vengeful. Should I feel vindictive? Or is it healthy to forget about it and move…
And yet, the damage is done. Feels of anger and vengeance are withdrawals from your balance of available happiness and they don’t actually affect the end result. The money’s gone. Mourn it, accept it, and move on.
I’d totally forgive anyone for wishing bad things on him if he destroyed their investment. It’s better to forgive, but sometimes that’s asking a bit much.
Been following SBF for a long time and this quote my local rabbi told me once comes to mind: "spxneo, if you deceive people that demands to be deceived, you will be rich. if you are truthful with those people that demands to be deceived, you will become enemies. if you are truthful with people that demands truth, you will be neither friends nor enemies and poor."