Post by missouriboy on Nov 22, 2022 16:14:56 GMT
“How does the most sophisticated financial system in the history of civilization allow a virtue-signaling nerd to nearly wreck it? Where were the Federal Trade Commission, the Department of Justice, the IRS, and all the other alphabet soup agencies that supposedly exist so that someone like Bankman-Fried does not? Where is Merrick Garland and his special prosecutors, the FBI with its televised SWAT swoops and leg irons?”
Can you believe that FTX never had to register with the SEC? It boggles the mind. Even tiny operations have to register, and also have to file with each state that the company has investors from.
"Because FTX's Bahamas-based parent company never registered with the SEC or the Commodity Futures Trading Commission — and spent tens of millions of dollars on a Washington influence campaign to fend off any argument that it was required to do so — FTX's internal operations were never scrutinized like Wall Street banks"
They threw Martha in prison just because someone told her she probably ought to sell. But these crypto scandals are in a class by themselves. Almost seems like something nefarious has been going on.
The Big Guy's 10 percent may not be confined to the Brandon family. Hate to accuse without evidence ... so consider it "a feeling". If you can follow the money, where would the pockets be? Would we be surprised? Those in the "proper" positions with shaky morals will often collapse into corruption. How many examples do we need?