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FTX new Enron ?

Printed From: Avian Flu Talk
Category: Main Forums
Forum Name: Latest News
Forum Description: (Latest Breaking News)
URL: http://www.avianflutalk.com/forum_posts.asp?TID=45043
Printed Date: April 19 2024 at 11:11am


Topic: FTX new Enron ?
Posted By: Dutch Josh
Subject: FTX new Enron ?
Date Posted: November 12 2022 at 4:19am

DJ-[url]https://halturnerradioshow.com/index.php/en/news-page/world/breaking-news-ukraine-military-aid-from-usa-was-invested-in-crypto-ftx-by-ukraine[/url] or https://halturnerradioshow.com/index.php/en/news-page/world/breaking-news-ukraine-military-aid-from-usa-was-invested-in-crypto-ftx-by-ukraine - https://halturnerradioshow.com/index.php/en/news-page/world/breaking-news-ukraine-military-aid-from-usa-was-invested-in-crypto-ftx-by-ukraine ...HT is NOT neutral....

So 

[url]https://fortune.com/2022/11/11/larry-summers-ftx-crypto-collapse-more-like-enron-than-lehman/[/url] or https://fortune.com/2022/11/11/larry-summers-ftx-crypto-collapse-more-like-enron-than-lehman/ - https://fortune.com/2022/11/11/larry-summers-ftx-crypto-collapse-more-like-enron-than-lehman/ ...

[url]https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Politics[/url] or https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Politics - https://en.wikipedia.org/wiki/Sam_Bankman-Fried#Politics ;

Bankman-Fried was the second-largest individual donor to Democratic causes in 2021–2022 election cycle with total donations of $39.8 million, only behind  https://en.wikipedia.org/wiki/George_Soros" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="George Soros - George Soros . https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-58" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [58] https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-59" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [59] https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-60" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [60] Of this, $27 million was given to Protect our Future PAC, bankrolled by Bankman-Fried. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-61" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [61]

Bankman-Fried said in February 2022 that his political contributions were not aimed at influencing his policy goals for the cryptocurrency ecosystem; however, FTX was circulating a list of suggestions to policymakers at the time. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-Kingmaker-62" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [62] He said in an interview that he would prefer the  https://en.wikipedia.org/wiki/Commodity_Futures_Trading_Commission" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Commodity Futures Trading Commission - Commodity Futures Trading Commission take a larger role in regulating and guiding the crypto industry. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-Kingmaker-62" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [62] The CFTC has a reputation for favoring relatively relaxed regulations for the industry, when contrasted with other regulators like the  https://en.wikipedia.org/wiki/Securities_and_Exchange_Commission" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Securities and Exchange Commission - Securities and Exchange Commission . https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-63" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [63]

Bankman-Fried pushed for regulations via Digital Commodities Consumer Protection Act (DCCPA) by extensively lobbying Congress, which was perceived as being favorable to FTX but harmful to the broader industry, especially its  https://en.wikipedia.org/wiki/Decentralized_finance" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Decentralized finance - decentralized finance competitors. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-64" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [64] https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-65" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [65] https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-66" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [66]

Bankman-Fried made few political donations as a student, the exception being a $1,000 contribution to  https://en.wikipedia.org/wiki/Michael_Bennet" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Michael Bennet - Michael Bennet at the age of eighteen. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-Kingmaker-62" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [62] In the 2020 election cycle, he contributed $5.2 million to two  https://en.wikipedia.org/wiki/Super_PACs" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Super PACs - super PACs that supported the  https://en.wikipedia.org/wiki/Joe_Biden_2020_presidential_campaign" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Joe Biden 2020 presidential campaign - Biden campaign . https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-Kingmaker-62" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [62] He was the second-largest individual donor to  https://en.wikipedia.org/wiki/Joe_Biden" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Joe Biden - Joe Biden in the 2020 election cycle, personally donating $5.2 million, https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-67" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [67] second to only  https://en.wikipedia.org/wiki/Michael_Bloomberg" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Michael Bloomberg - Michael Bloomberg . https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-:1-35" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [35] https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-68" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [68]

Contributions for June 2021 through February 2022 went to members of both parties. They included direct donations to the Republican campaigns of senators  https://en.wikipedia.org/wiki/Susan_Collins" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Susan Collins - Susan Collins of Maine,  https://en.wikipedia.org/wiki/Mitt_Romney" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Mitt Romney - Mitt Romney of Utah,  https://en.wikipedia.org/wiki/Lisa_Murkowski" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Lisa Murkowski - Lisa Murkowski of Alaska, and  https://en.wikipedia.org/wiki/Ben_Sasse" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Ben Sasse - Ben Sasse of Nebraska. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-Kingmaker-62" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [62]

Contributions for the year 2022, through August 15, 2022, also went to members of both parties, with $105,000 donated to conservatives, and $35,872,000 donated to liberals, a ratio of 1:341 in favor of liberal candidates. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-69" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [69]

In 2022, Bankman-Fried provided initial financial support for  https://en.wikipedia.org/wiki/Protect_Our_Future" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Protect Our Future - Protect Our Future PAC. Protect Our Future was launched as a Democratic  https://en.wikipedia.org/wiki/Political_action_committee" style="text-decoration: none; color: rgb(6, 69, 173); background: none;" title="Political action committee - political action committee with $10 million in initial funding aiming to support "lawmakers who play the long game on policymaking in areas like pandemic preparedness and planning", according to Politico. https://en.wikipedia.org/wiki/Sam_Bankman-Fried#cite_note-70" style="text-decoration: none; color: rgb(6, 69, 173); background: none; - [70]

and [url]https://www.coindesk.com/policy/2022/03/14/ukraine-partners-with-ftx-everstake-to-launch-new-crypto-donation-website/[/url] or https://www.coindesk.com/policy/2022/03/14/ukraine-partners-with-ftx-everstake-to-launch-new-crypto-donation-website/ - https://www.coindesk.com/policy/2022/03/14/ukraine-partners-with-ftx-everstake-to-launch-new-crypto-donation-website/  

DJ-FTX sponsored "democrats" with tens of millions-that may not have been the cause of collapse for FTX...but it is a bizarre story...



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We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein



Replies:
Posted By: Dutch Josh
Date Posted: November 13 2022 at 3:33am

[url]https://www.moonofalabama.org/2022/11/prosecution-futures-the-downfall-of-ftx-and-everything-crypto.html[/url] or https://www.moonofalabama.org/2022/11/prosecution-futures-the-downfall-of-ftx-and-everything-crypto.html - https://www.moonofalabama.org/2022/11/prosecution-futures-the-downfall-of-ftx-and-everything-crypto.html  

[url]https://www.zerohedge.com/crypto/ftx-investigates-abnormalities-wallet-movements-fear-mount-potential-hack[/url] or https://www.zerohedge.com/crypto/ftx-investigates-abnormalities-wallet-movements-fear-mount-potential-hack - https://www.zerohedge.com/crypto/ftx-investigates-abnormalities-wallet-movements-fear-mount-potential-hack  

DJ-Illusions for sale-trying to buy political power...The "real" financial world only marginal better...



-------------
We cannot solve our problems with the same thinking we used when we created them.
~Albert Einstein



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