Everyone, and I mean everyone – the New York Times, CNBC, Axios, the Washington Post, NBC, CNN, you-name-it – is reporting tonight that Sam Bankman-Fried, the one-time billionaire owner of FTX, the so-called cryptocurrency trading platform, has been arrested by Bahamian authorities and is being held awaiting an extradition request from the Department of Justice.
👍👍👍 Lately, every time I see an image of Mara a Lago, I think (it’s a pity) but let’s just turn it into a prison for Trump & his entire administration.
If it's not one huckster it's another these days. It's all variations on a tired theme. I can't help it, but TFG, with his whiney insipid pitch, always puts me in mind of Mr. Haney from Green Acres. Except, of course, TFG is a Roy Cohn mentored sociopath.
Uh-oh … this kid is nowhere near the Perfect Seven needed to get away with whatever he did. He’s not powerful, not (any longer) rich, not old, not gentile— all he’s got is a pathetic three: white heterosexual male, and those won’t help him any more than they helped Michael Cohen.
Houses of cards eventually tumble. It just takes one more card. It's lousy for the people who lost money. But when ever there's a feeding frenzy just a matter of time before the food is all gone. I knew the end for a lot of people was near when I started getting friend requests from attractive young women on social media. You might be thinking why would that be a sign of anything other than a probable scam of some kind (me being an old guy). and you'd be right. Of course I ignored most of them but then got curious and accepted a couple, and sure enough first came that they were lonely and had no trouble with age, and then a few personal questions like did I have family, live in a house. etc., and then the good news! == a great investment! bitcoin. As soon as it was clear I had no interest the messages stopped/ Of course I doubt they were even women at all. But probably one guy as there was a common thread throughout. of the 4 I answered three said they were in real estate, So even if they were individuals they all had the same script. I doubt anyone ne had a license to sell securities.
I swear I couldn't have seen this train coming down the tracks (I'm kidding)..but I guess it's a felony to rip people off and then flee to the Bahamas to escape justice.
Boo, fucking Hoo, indeed!
The score: Feds-1 stupid billionaire bozo, SBF: 20 to life.
I decided to teach in a great place at a great time (alas the Golden Age of Liberal Arts Education seems to be drawing to a close and I'm enjoying retirement).
I read something by Stanley Fish (the legal scholar who's never taken a law course...I knew him fifty years ago as a Miltonist) in which he says that law school is just like every other graduate school...it in no way prepares you to handle clients and cases but is wonderful at training you to teach in law school.
Get real, people. Sam Bankman-Fried has been jail bait all along. He's already acknowledged he created a Ponzi Scheme, if not in so many words. He's a narcissist and a fraudster. And people lined up around the block to get in on his action, ... until it all blew up on him. All this nonsense about 'effective altruism'! The story is all too common, and also depressing.
How is what he did that much different than what happened in 2007? What hedge funds do every day. I'm not defending his pyramid scheme, that's what crypto is, but it's only a shade away from the " modern markets" Does anyone recall when a new commodity market for oil futures was created that was no longer subject to any regulation about 15-20 years ago? My memory is a little fuzzy on the date of inception but I do know you can control any market with about 40% of controlling interest. That's what Countywide Mortgage was going for by writing any mortgage you would like to put your name on. I ramble... I am an idiot.
Another Bernie Madoff wannabe…when you rip off rich people, the law snaps down really fast and hard, but the biggest grifter-in-chief is still free at MaraLardo and still ripping off the middle class and poor rubes of his unwashed and unlearned base. When will it be his turn, if ever?
As a boy in Miami Florida I watched a number of grifters being taken from their mansions or deluxe hotel rooms. This kid appears to be deep in his fantasy. The Federal lockup in Manhattan is a serious cave and most criminals do everything to avoid the place. He will either sober up or vanish.
while I ordinarily think conspiracy nuts are idiots, I still have plenty of doubt that Epstein was an actual suicide. certainly that "suicide watch" was a lot "more honored in the breach than the observance." I think I got that right.
I should have edited some doubt into my comment, David. I think that like you, I find conspiracy theories a joke usually but, yes, the official explanation for Epstein's death sounded highly fishy. The 500 Pearl courthouse looks so spiffy-new from the street, the conditions described inside the Metropolitan Correctional Center prison behind it are hard to imagine. Welcome to wintry New York, Sammy.
Hard to imagine what his game plan he has been blabbling all over the place is but it does not look good for him. His parents are no longer professors at Stanford, saying this has nothing to do with that. Maybe not. Poor parents. We are in another era of ultra greed. If they were having a gathering, elegant and expensive, of course, at some high-scale zoo in some high-scale event city, you'd be able to identify them by the blue haze gathering around them and rising into the sky when they cluster in a large group of greedy people. I bet Elon would be there.
This makes me grateful for all the trouble in my life that I didn't know enough to get into.
Amen, sister!
wow. brilliant. might as well be the story of my life. I'm considering this an aphorism and by Thursday, it'll be committed to memory.
I might have to add it to my sig line for emails! Thanks for the support.
I think ultimately there may be room at the Mar-a-lardo Club Fed. He’d be in excellent company: a grifter’s paradise!
👍👍👍 Lately, every time I see an image of Mara a Lago, I think (it’s a pity) but let’s just turn it into a prison for Trump & his entire administration.
“Boo-fucking-hoo” has just entered my vocabulary, alongside the baseball expletive unbe-fucking-lievable.😁
that came ftom baseball?
i've been using it not knowing that.
...tho i say "un-fucking believeable"
I first saw the term in print in a quotation of a baseball player.
Connected only by schadenfreude: Judith Nathan, the most recent ex-Mrs Rudy Giuliani, was in court today—or at least her lawyers were—trying to pry some money out of him. The lawyers told the judge that a $30,000 check he gave her recently bounced. https://www.nbcnewyork.com/news/local/rudy-giuliani-avoids-jail-time-in-ongoing-fight-with-ex-wife-over-money-owed/3993538/ (I don't think the story went national. Details I heard on another radio newscast differed from nbcnewyork's.)
Can't make this stuff up
Only way Rudy can get press.
If it's not one huckster it's another these days. It's all variations on a tired theme. I can't help it, but TFG, with his whiney insipid pitch, always puts me in mind of Mr. Haney from Green Acres. Except, of course, TFG is a Roy Cohn mentored sociopath.
Senator Kennedy from Louisiana is really Mr. Haney.
Uh-oh … this kid is nowhere near the Perfect Seven needed to get away with whatever he did. He’s not powerful, not (any longer) rich, not old, not gentile— all he’s got is a pathetic three: white heterosexual male, and those won’t help him any more than they helped Michael Cohen.
Cohen is a great slow news day filler on MSNBC.
Houses of cards eventually tumble. It just takes one more card. It's lousy for the people who lost money. But when ever there's a feeding frenzy just a matter of time before the food is all gone. I knew the end for a lot of people was near when I started getting friend requests from attractive young women on social media. You might be thinking why would that be a sign of anything other than a probable scam of some kind (me being an old guy). and you'd be right. Of course I ignored most of them but then got curious and accepted a couple, and sure enough first came that they were lonely and had no trouble with age, and then a few personal questions like did I have family, live in a house. etc., and then the good news! == a great investment! bitcoin. As soon as it was clear I had no interest the messages stopped/ Of course I doubt they were even women at all. But probably one guy as there was a common thread throughout. of the 4 I answered three said they were in real estate, So even if they were individuals they all had the same script. I doubt anyone ne had a license to sell securities.
you played it right, RE.
but hey, once in a while it's good to tit alate, for fun, hmm?
Haha, yes.
I swear I couldn't have seen this train coming down the tracks (I'm kidding)..but I guess it's a felony to rip people off and then flee to the Bahamas to escape justice.
Boo, fucking Hoo, indeed!
The score: Feds-1 stupid billionaire bozo, SBF: 20 to life.
I like seeing this kind of karma play out.
It feels righteous!
Merry Christmas!
It’s the hoosegow for the Crypto Kid! 🤠
Show a little love. Even grifters have mothers. On second thought, hold the love. Who knows how much money his mom lost in sonny boy’s scheme.
Interesting that parents are Stanford law school faculty. Wonder if they had any "reservations" or "doubts" about their family financial "genius"?
Never forget, those that can...do.
Those that can't...teach.
I decided to teach in a great place at a great time (alas the Golden Age of Liberal Arts Education seems to be drawing to a close and I'm enjoying retirement).
I read something by Stanley Fish (the legal scholar who's never taken a law course...I knew him fifty years ago as a Miltonist) in which he says that law school is just like every other graduate school...it in no way prepares you to handle clients and cases but is wonderful at training you to teach in law school.
Get real, people. Sam Bankman-Fried has been jail bait all along. He's already acknowledged he created a Ponzi Scheme, if not in so many words. He's a narcissist and a fraudster. And people lined up around the block to get in on his action, ... until it all blew up on him. All this nonsense about 'effective altruism'! The story is all too common, and also depressing.
How is what he did that much different than what happened in 2007? What hedge funds do every day. I'm not defending his pyramid scheme, that's what crypto is, but it's only a shade away from the " modern markets" Does anyone recall when a new commodity market for oil futures was created that was no longer subject to any regulation about 15-20 years ago? My memory is a little fuzzy on the date of inception but I do know you can control any market with about 40% of controlling interest. That's what Countywide Mortgage was going for by writing any mortgage you would like to put your name on. I ramble... I am an idiot.
Not an idiot. Right On.
no.
you're not an idiot, M.
rephrase your manifesto. i think you might possibly have a kernel to grow something.
Another Bernie Madoff wannabe…when you rip off rich people, the law snaps down really fast and hard, but the biggest grifter-in-chief is still free at MaraLardo and still ripping off the middle class and poor rubes of his unwashed and unlearned base. When will it be his turn, if ever?
His turn? NEVER!
He will cheat the guillotine with a heart attack, or, a spiked heel from a Russian pee girl.
I will hope for the latter!
As a boy in Miami Florida I watched a number of grifters being taken from their mansions or deluxe hotel rooms. This kid appears to be deep in his fantasy. The Federal lockup in Manhattan is a serious cave and most criminals do everything to avoid the place. He will either sober up or vanish.
There’s one more grifter who needs to be taken from his mansion/deluxe resort, and we all know who that is.
Umm, yes, Audiea. The Federal lockup in Manhattan is where pedophile Jeffrey Epstein, while under suicide watch, committed suicide.
while I ordinarily think conspiracy nuts are idiots, I still have plenty of doubt that Epstein was an actual suicide. certainly that "suicide watch" was a lot "more honored in the breach than the observance." I think I got that right.
I should have edited some doubt into my comment, David. I think that like you, I find conspiracy theories a joke usually but, yes, the official explanation for Epstein's death sounded highly fishy. The 500 Pearl courthouse looks so spiffy-new from the street, the conditions described inside the Metropolitan Correctional Center prison behind it are hard to imagine. Welcome to wintry New York, Sammy.
Hey, you’re supposed to be resting up.
Hard to imagine what his game plan he has been blabbling all over the place is but it does not look good for him. His parents are no longer professors at Stanford, saying this has nothing to do with that. Maybe not. Poor parents. We are in another era of ultra greed. If they were having a gathering, elegant and expensive, of course, at some high-scale zoo in some high-scale event city, you'd be able to identify them by the blue haze gathering around them and rising into the sky when they cluster in a large group of greedy people. I bet Elon would be there.