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Message
60 Minutes: Sam Bankman-Fried
Posted on 10/3/23 at 8:27 am
Posted on 10/3/23 at 8:27 am
Anyone else watch the recent feature on SBF and FTX on 60 Minutes? I have always liked Michael Lewis, and while I knew he’d gotten pretty liberal, I still considered him to be a top notch journalist.
The feature he did on SBF was the most embarrassing, rose-colored overview of a story I’ve ever seen, to the point where it almost felt like he was protecting the kid. My mom called me with this sob story about this kid who made some mistakes and was unjustly arrested, and it actually took me a second to realize she was talkin about this crook. She didn’t know anything about him, and I hadn’t watched the feature yet so I checked it out.
What the fvck was that? Totally pathetic report that was almost a defense of this crook. Pathetic on Lewis’ part.
The feature he did on SBF was the most embarrassing, rose-colored overview of a story I’ve ever seen, to the point where it almost felt like he was protecting the kid. My mom called me with this sob story about this kid who made some mistakes and was unjustly arrested, and it actually took me a second to realize she was talkin about this crook. She didn’t know anything about him, and I hadn’t watched the feature yet so I checked it out.
What the fvck was that? Totally pathetic report that was almost a defense of this crook. Pathetic on Lewis’ part.
6
Posted on 10/3/23 at 8:56 am to NolaLovingClemsonFan
part of biden crime family must be protected
Posted on 10/3/23 at 8:57 am to NolaLovingClemsonFan
Lewis spent a lot of time with SBF before SBF got caught. He’s got a book coming out. Not sure how that colored his approach.
Posted on 10/3/23 at 10:30 am to NolaLovingClemsonFan
Dude funneled billions to the DNC and the corporations that own media conglomerates. That’s why they are protecting him still. Not to get all poli board on here but in this case it is what it is.
Posted on 10/3/23 at 10:33 am to pevetohead
quote:Yep.
Dude funneled billions to the DNC and the corporations that own media conglomerates. That’s why they are protecting him still. Not to get all poli board on here but in this case it is what it is.
If you give enough money to the right people, you can get out of anything.
Justice has always been and will always be two tiered.
This post was edited on 10/3/23 at 10:34 am
Posted on 10/3/23 at 10:37 am to NolaLovingClemsonFan
quote:
60 Minutes
Pure uniparty government propaganda. It’s pathetic.
Posted on 10/3/23 at 11:07 am to NolaLovingClemsonFan
I’m not sure the book is all that kind to him. Careful buying into the narrative of any documentary that has complete editorial control.
Posted on 10/3/23 at 11:31 am to NolaLovingClemsonFan
quote:
The feature he did on SBF was the most embarrassing, rose-colored overview of a story I’ve ever seen, to the point where it almost felt like he was protecting the kid.
Its because a shite load of liberals fell for it.
Posted on 10/3/23 at 12:20 pm to dgnx6
I thought the same thing they glossed over the fact that people lost billions and this crazy guy had no clue what he was doing. No board of directors, no HR team, etc..
Posted on 10/4/23 at 6:09 am to lsuwins3
quote:
I thought the same thing they glossed over the fact that people lost billions and this crazy guy had no clue what he was doing. No board of directors, no HR team, etc..
It actually pissed me off the way Lewis was kind of joking and chuckling about what happened. He was doing the laughing o he’s just a silly kid look how funny this thing is crap. It sorta reminded me of Kamala going all chucklefest anytime someone tries to push her on anything important.
I’d heard Lewis’ pandemic book was super liberal. Never read it so can’t comment, but man was that piece disappointing.
Posted on 10/4/23 at 8:14 am to Hot Carl
quote:. Review in the WSJ suggests that Lewis was confused by SBF fraud. Basically says Lewis can’t really bring himself to directly condemn SBF at length, for whatever reason. Maybe too much of the book had been written prior to the FTX implosion.
I’m not sure the book is all that kind to him
Posted on 10/4/23 at 8:26 am to HueyLongJr
quote:
Review in the WSJ suggests that Lewis was confused by SBF fraud. Basically says Lewis can’t really bring himself to directly condemn SBF at length, for whatever reason. Maybe too much of the book had been written prior to the FTX implosion.
That’s disappointing af. If you’ve read some of his stuff like Boomerang and Flash Boys and Liar’s Poker, it’s clear Lewis understands really complex financial concepts. For him to feign ignorance on this issue is pathetic.
He also distinguished SBF from Madoff by saying that SBF built an actual viable business. Sure he did, and then he used the legitimate busines to syphon billions of dollars into his private speculative fund.
Hope they send this dude to the slammer for years. He and the VC folks who gave him all the free money on dreams of him becoming a trillionaire and them riding that wave are what’s wrong with so much of our economy these days.
Posted on 10/4/23 at 8:36 am to NolaLovingClemsonFan
quote:
He also distinguished SBF from Madoff by saying that SBF built an actual viable business. Sure he did, and then he used the legitimate busines to syphon billions of dollars into his private speculative fund.
Yeah, thats the part where I lost it. It was 100% embezzlement/fraud. When you take custody of people's deposits and start gambling with it, you deserve to go to prison. With no oversight to speak of, and keeping your books on an excel spreadsheet... GTFO
Posted on 10/4/23 at 8:50 am to Triple Bogey
quote:
Yeah, thats the part where I lost it. It was 100% embezzlement/fraud. When you take custody of people's deposits and start gambling with it, you deserve to go to prison. With no oversight to speak of, and keeping your books on an excel spreadsheet... GTFO
100%. There’s no doubt his defense is gonna be that he was just this naive kid, ill-prepared to run a company who made some simple mistakes in an incredibly volatile, speculative industry where investors knew the risks so boohoo for them that they lost their money.
Sure there are risks when you go into certain speculative markets, but losing your money at the casino is one thing. The casino letting you think you’re playing a game with known risks with your money while they actually steal your money and gamble with it elsewhere is totally different.
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