Yglesias:
Dylan Matthews:
SBF was an inexperienced 25-year-old hedge fund founder who wound up, unsurprisingly, hurting millions of people due to his profound failures of judgment when that hedge fund grew into something enormous — failures that can be laid in part at the feet of EA.A failure in judgment is when I buy the cheap brand of toilet paper! HE'S A FUCKING CROOK!!!
That fucking newspaper:New FTX head John Ray III is asked to compare FTX to Enron. “[Enron crimes] were highly orchestrated financial machinations by highly sophisticated people to keep transactions off balance sheets. This (FTX)... isn't sophisticated whatsoever, this is just plain old embezzlement."
— Paul McLeod (@pdmcleod) December 13, 2022
No it’s not.—————
— Emanuel Derman (@EmanuelDerman) December 13, 2022
“It’s like a Greek tragedy,” said John Donohue, a colleague who has attended Sunday dinners at the Bankman-Fried home. “The story of flying too close to the sun, and having your wings singed.”https://t.co/xzobPPMsLB