Apparently, Sam Bankman-Fried has managed to cause economic woes to those willing to invest in nothing but promises. It looked good, I assume, to those wanting to not only beat inflation, they wanted to cheat the odds and make uncommon profit, when such things are beyond being considered risky. Considering how Fried managed to pay off close scrutiny by buying politicians, it's going to take some time before any real punishment will happen. Meanwhile, he's in the Bahamas, where the U.S. government coming to find you might be a life saving action.
Time will tell how this all works out, but to me, it's just more of the same illegal political money laundering so rampant in politics today. Those that really need to be punished are probably those that will investigate and prosecute exonerate. It is what it is, and ignoring obvious crime seems to be the current theme of politics.
Don't see any pols returning the $ they received from him either. Plenty of swamp to go around here, but the dems are up to their hairline on this.
ReplyDeletePoliticians can't get do without their slush fund.
DeletePT Barnum was correct. There's a sucker born every minute. And many a con artist has gotten rich because of that. This situation is no different. Except it involves the commie left which means we will never no the real truth and many of the people involved will never face justice.....while a few of their comrades have 'tragic accidents'.
ReplyDeleteThose in power already have their money, and those that can talk will be silenced.
DeletePrinting money. What could go wrong?
ReplyDeleteIt definitely presents a problem for those that don't understand how much it dilutes what little they have.
Delete