re: FTX: No books, no employee rosters, FTX was piggy bank

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Everyone is a genius when you time a bubble perfectly (and don't realize it).

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In somewhat laymens terms, he built and sold several houses in Vegas in 2006 with record profits. He then got multimillion dollar investments for his next, much larger $100 million house building project. Instead of using the investments to fund the project, he loaned the money to his girlfriend (Chrissy Moneymaker) who made a ton of money by luckily winning a poker tournament and she convinced herself she’s the best poker player in the world. She donks off all of the loaned money in cash games, while at the same time the value of the $100 million dollar housing project tanks in 2008 and is only worth $25 million.

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You’d think a Democrat Party money laundering operation would be better run. After all they have decades of experience in this sorta thing.

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So wait.. You think only Democrats launder money? Politicians are politicians.

Can we all at least agree most politicians are shite bags? Both parties need each other and if any other party came into power, it would be a threat to both. They keep us focused on simple things while they are all laundering money. Congress probably does more insider trading than anyone. When you know what laws will impact what industries and you are part of the body that makes the laws, that's valuable information.

A lot of these politicians live well above what they are paid to be in the position they are in.

I just don't get the whole "this party is better than that party" thing. They are all crooks.

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Yes, I hear both sides do it. List three that republicans are involved in. I’m waiting.

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Tom Delay

Larry Householder

Paul Erickson

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Hopefully the cartel takes them all out

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Death by CIA “suicide” on deck… coming any minute now.

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Where was the SEC???

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Securing & Exchanging Cryptocurrency into cash for the DNC and more specifically the Big Guy in 2020.

Wonder if the Big Guy is going to give that 5 million and change back?

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Multiple tweets, posted between November 12-15, 2022, claim that Ukraine sent billions of dollars sourced from foreign aid to FTX, which was then sent back to the Democratic party. - Tom Norton - Newsweek 11/17/22

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Maxine Waters, who chairs the House Financial Services Committee, was asked if she would be returning the money her campaign had previously received from Bankman-Fried and/or the PAC’s he financed she responded to Fox News by saying to go frick your Momma(figuratively speaking of course).

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So wait.. You think only Democrats launder money? Politicians are politicians.

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typical Oweo, “ohh yeah, well what about Republicans?” post while facing down glaring evidence of fraud or failures by Democrats.

yeah cripple, we totally believe you’re an unbiased centrist

The candidates that received this ill-gotten money should be required to pay it back...

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What’s amazing is he got away with it for so long with no audit. Yet the IRS will show up to the owner of a local shop for an unreported cash deposit of 5k

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Those fricks sent me a letter saying I owed $12. I paid it. Some time passes and those fricks send me a letter saying a owe $12 still. So I call back and tell them everything. They applied my payment to the wrong year. fricking morons.

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after pressure from fellow Republicans, he announced that he would not seek to return to the post. On June 9, 2006, DeLay resigned from Congress.[3]

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Let’s see if the democrats do the same here. We will all be waiting.

Oh and….

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In 2013, a Texas Court of Appeals panel acquitted DeLay when it overturned his conviction. This decision was affirmed by the Texas Court of Criminal Appeals on October 1, 2014.

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