Morning Jolt: Sam Bankman-Fried Launches His Biggest, Boldest Effort to Lie His Way out of Trouble

On the menu today: Sam Bankman-Fried faced the music, at least a little bit, in the form of a contentious interview with the New York Times' Andrew Ross Sorkin at the DealBook Summit yesterday. The answers from the disgraced founder of the cryptocurrency platform FTX range from complicated jargon to utterly implausible excuses to dodges to what smells like straight-up BS. Right now, Bankman-Fried looks like the worst form of a capitalist, one who knew exactly how to seduce and win over progressives and socialists. He's a walking, talking demonstration that a lot of powerful movers and shakers in this world are a lot more gullible than they will ever admit.

Sam Bankman-Fried’s Disgrace

The collapse of FTX is much more intriguing, multilayered, and consequential than your average giant financial scandal. There's an unexpected, disheveled, larger-than-life, ready-for-the-Hollywood-dramatization figure at the center of it. There's a spectacularly fast rise and a nearly overnight descent. There's a mountain of donations to political figures, particularly Democrats and progressive causes (although today on the Washington Post op-ed page ...

TODAY'S MORNING JOLT WITH JIM GERAGHTY IS PRESENTED BY

WITH JIM GERAGHTY December 01 2022 WITH JIM GERAGHTY December 01 2022 Sam Bankman-Fried Launches His Biggest, Boldest Effort to Lie His Way out of Trouble On the menu today: Sam Bankman-Fried faced the music, at least a little bit, in the form of a contentious interview with the New York Times' Andrew Ross Sorkin at the DealBook Summit yesterday. The answers from the disgraced founder of the cryptocurrency platform FTX range from complicated jargon to utterly implausible excuses to dodges to what smells like straight-up BS. Right now, Bankman-Fried looks like the worst form of a capitalist, one who knew exactly how to seduce and win over progressives and socialists. He's a walking, talking demonstration that a lot of powerful movers and shakers in this world are a lot more gullible than they will ever admit. Sam Bankman-Fried’s Disgrace The collapse of FTX is much more intriguing, multilayered, and consequential than your average giant financial scandal. There's an unexpected, disheveled, larger-than-life, ready-for-the-Hollywood-dramatization figure at the center of it. There's a spectacularly fast rise and a nearly overnight descent. There's a mountain of donations to political figures, particularly Democrats and progressive causes (although today on the Washington Post op-ed page ...   READ MORE

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