SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (193626)11/16/2022 4:38:20 PM
From: fred woodall  Respond to of 217927
 
Doomberg, (Green chicken) Old school Journalism with grit. Worthy of the pay wall at $30 a month.

Citizen Journalism vs. traditional media that blindly paraded Sam Bankman-Fried (SBF)

Wish I could be more optimistic. Forest has to burn to the ground before new life takes hold. Posted earlier my take:

To: philv who wrote (67072)11/15/2022 11:23:07 AM
From: fred woodall Read Replies (1) of 67094
I recall, Jon Corzine former CEO of GS then later the MF Global meltdown. Improper transfers of over $891 million from customer accounts to a MF broker-dealer account to cover losses created by bad trades. CME creditability came into question thus providing a template to what will probably happen with investor accounts in the future. Liquidity money drain with false promise the U.S. government will bail out. Wishful thinking!

Corzine had a "Get Out of Jail" card. Most all the stolen money was accounted for. FTX that won't be the case, much less the money trail being investigated. Those supposedly guarding the hen house designed, implemented and profited the scheme. This scale requires thousands of individuals across a broad spectrum of agencies and governments.

SBF gets a free pass. Ends up in Swiss Alps with Ahmadzai and Zelenskyy as neighbors.

Report TOU ViolationShare This PostRecommend This Post