"WOKE EFFECTIVE ALTRUISM" = "MASS DONATIONS TO DEMOCRATS IN 2022"

 

The pots of gold that funded the Democrats' hold on the U.S. Senate, and minimized the losses on the House in 2022 included money from a massive financial fraud  ---  perhaps the biggest theft in U.S. history

For the Democrat leadership and the mainstream media that isn't news, it's business as usual  ---  and as far as they are concerned, it's cool as the bees' knees

As to the possible bad re-investing of the deposits of participants in the FTX crypto-exchange  and what might have gone weong with that  ---  S B-F says:  "Sometimes life creeps up on you."

The young fraudster, mass donor to Democrats, and FTX founder, Sam Bankman-Fried admits 'Woke Effective Altruism’ was just a ruse and part of PR

The now-disgraced FTX founder and super donor to Democrats, Sam Bankman-Fried, has given details as to his version of some of the events surrounding the downfall of the cryptocurrency exchange run by FTX.  He recently told a leftish journalist via Twitter that his “effective altruism” ethos was largely an act.

In a recent report, Vox, journalist Kelsey Piper gave an insightful report based on  her recent communications with FTX founder and former CEO Sam Bankman-Fried, who now faces investigations from both the Securities and Exchange Commission and the Department of Justice about his financial legerdemain and other business activities, as well as likely extradition from the Bahamas and custody in the U.S. by authorities.

The Vox reporter Piper followed up with Mr.  Bankman-Fried about a question she had asked in an earlier interview about the ethics of running a cryptocurrency company while claiming to want to help the world. Piper likened this to a tobacco company making billions of dollars claiming that it is to fund philanthropic efforts, many would still consider this a negative thing for the world and whether there was a “line” that he would not cross.

Piper now reports that she had spoken to Sam Bankman-Fried via a Twitter DM for over an hour; an she also showed several screenshots of some of the communication posted on Twitter. Piper explained  that she had been trying to attempt to make sense of what Bankman-Fried had told her that he actually believes, and what his personal ethics when it comes to business and finance might be.

During the later conversation, Vox's reporter Kelsey Piper indicated that Bankman-Fried dismissed some of the previous comments he had made, saying that it was just “PR.” When  Piper reiterated Bankman-Fried’s answer about the tobacco company and asked if his opinion remained the same about his own actions, Sam Bankman-Fried replied, “...  man all the dumb shit I said, it’s not true, not really.”

Also according to Kelsey Piper's report, Sam Bankman-Fried has continued to maintain that FTX did not re-invest the desposits of its crypto account holders on the exchange, but he also said that Alameda Research, another investment firm which he owns, had borrowed more funds from FTX than he realized. S B-F also said that he thought that Alelmeda had enough collateral to reasonably cover its loans from FTX, but that "....  Sometimes life creeps up on you...."