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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. SBF/FTX

SBF/FTX

Scheduled Pinned Locked Moved General Discussion
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  • jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote on last edited by
    #49

    Lots of people have (rightly) criticized much of the media for going lightly on him, but George Stephanopoulos definitely puts him on the spot.

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by
      #50

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

      1 Reply Last reply
      • 89th8 Offline
        89th8 Offline
        89th
        wrote on last edited by
        #51

        Could a congressional subpoena even result in any punishment? I presume so, but no idea.

        George KG 1 Reply Last reply
        • Doctor PhibesD Online
          Doctor PhibesD Online
          Doctor Phibes
          wrote on last edited by
          #52

          They really ought to put a cap on how much people and corporations can donate to political parties.

          I’d be happy with zero dollars, however that might be unrealistic

          I was only joking

          1 Reply Last reply
          • 89th8 89th

            Could a congressional subpoena even result in any punishment? I presume so, but no idea.

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #53

            @89th said in SBF/FTX:

            Could a congressional subpoena even result in any punishment? I presume so, but no idea.

            Presumably, a subpoena can lead to a criminal referral by the committee. Then it's up to the DOJ to decide whether to prosecute.

            Nice that SBF won't be called, so that, should he refuse to testify, he doesn't have to suffer the indignity of being held in contempt of congress and being jailed just like Lois Lerner Eric Holder Steve Bannon.

            (Insert GIF of Waters blowing a kiss to SBF here: _______________)

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • jon-nycJ Online
              jon-nycJ Online
              jon-nyc
              wrote on last edited by
              #54

              More context.

              https://thehill.com/policy/finance/3763916-house-panel-wants-answers-from-bankman-fried-on-ftx-collapse/amp/

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              1 Reply Last reply
              • 89th8 Offline
                89th8 Offline
                89th
                wrote on last edited by
                #55

                I just presume that “they” will charge him, and he will go to jail. Not sure who “they” is, maybe they are a he/she.

                1 Reply Last reply
                • HoraceH Offline
                  HoraceH Offline
                  Horace
                  wrote on last edited by
                  #56

                  I'm waiting for more information before making any judgments. But at this stage, I can't help but feel that SBF is a jerk.

                  Education is extremely important.

                  1 Reply Last reply
                  • jon-nycJ Online
                    jon-nycJ Online
                    jon-nyc
                    wrote on last edited by
                    #57

                    Federal prosecutors will almost certainly charge him at some point and congressional hearing would not really facilitate that process anyway.

                    Assuming the hypothetical scenario where we had a functional Congress, the utility of hearings would be to help Congress determine what kinds of regulations might be necessary for crypto.

                    In the world we actually live in, hearings are just an opportunity for members to perform in front of the cameras.

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    George KG MikM 2 Replies Last reply
                    • jon-nycJ jon-nyc

                      Federal prosecutors will almost certainly charge him at some point and congressional hearing would not really facilitate that process anyway.

                      Assuming the hypothetical scenario where we had a functional Congress, the utility of hearings would be to help Congress determine what kinds of regulations might be necessary for crypto.

                      In the world we actually live in, hearings are just an opportunity for members to perform in front of the cameras.

                      George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #58

                      @jon-nyc said in SBF/FTX:

                      In the world we actually live in, hearings are just an opportunity for members to perform in front of the cameras.

                      Yes. Pathetic...on everyone's part.

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      1 Reply Last reply
                      • jon-nycJ jon-nyc

                        Federal prosecutors will almost certainly charge him at some point and congressional hearing would not really facilitate that process anyway.

                        Assuming the hypothetical scenario where we had a functional Congress, the utility of hearings would be to help Congress determine what kinds of regulations might be necessary for crypto.

                        In the world we actually live in, hearings are just an opportunity for members to perform in front of the cameras.

                        MikM Offline
                        MikM Offline
                        Mik
                        wrote on last edited by
                        #59

                        @jon-nyc said in SBF/FTX:

                        Federal prosecutors will almost certainly charge him at some point and congressional hearing would not really facilitate that process anyway.

                        Assuming the hypothetical scenario where we had a functional Congress, the utility of hearings would be to help Congress determine what kinds of regulations might be necessary for crypto.

                        In the world we actually live in, hearings are just an opportunity for members to perform in front of the cameras.

                        Amen.

                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                        1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote on last edited by
                          #60

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          1 Reply Last reply
                          • AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote on last edited by
                            #61

                            There were congressional hearings for Bernie Madoff, of course there will be congressional hearings for SBF/FTX.

                            Not sure what regulatory changes resulted from the Madoff hearings though, if any. @jon-nyc?

                            1 Reply Last reply
                            • George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by George K
                              #62

                              Mr. Wonderful

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote on last edited by
                                #63

                                Similar to the Theranos investors. Part investment, part social climb. With both parts at risk.

                                Education is extremely important.

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #64

                                  https://www.cnbc.com/2022/12/12/ftx-founder-sam-bankman-fried-arrested-in-the-bahamas-after-us-files-criminal-charges.html

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  1 Reply Last reply
                                  • George KG Offline
                                    George KG Offline
                                    George K
                                    wrote on last edited by
                                    #65

                                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                    kluursK RenaudaR 2 Replies Last reply
                                    • jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by
                                      #66

                                      Taleb gettin’ it said.

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      1 Reply Last reply
                                      • George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by George K
                                        #67

                                        Jesus....

                                        Thread: https://threadreaderapp.com/thread/1602395132569223168.html

                                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                        1 Reply Last reply
                                        • George KG George K

                                          kluursK Offline
                                          kluursK Offline
                                          kluurs
                                          wrote on last edited by
                                          #68

                                          @George-K said in SBF/FTX:

                                          They must be proud. It takes exceptional talent to screw up this much.

                                          1 Reply Last reply
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