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	Comments on: Here&#8217;s an FTX summary	</title>
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	<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/</link>
	<description>A blog about political change, among other things</description>
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		<title>
		By: AesopFan		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653818</link>

		<dc:creator><![CDATA[AesopFan]]></dc:creator>
		<pubDate>Fri, 18 Nov 2022 08:15:18 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653818</guid>

					<description><![CDATA[@ Banned Lizard  - you shouldn&#039;t keep us in suspense like that. 

https://www.forbes.com/sites/michelatindera/2021/10/21/the-worlds-richest-crypto-billionaire-who-donated-to-biden-is-now-giving-to-republican-senators/?sh=7da9dbb53f5d
&lt;blockquote&gt;
Last year, at age 28, crypto billionaire Sam Bankman-Fried made waves by shelling out $5 million to a super-PAC supporting Joe Biden, making him one of the biggest backers of America’s future president. 

But this year, he’s made it clear that he’s not all-in for Democrats. Bankman-Fried has donated to six Senate Republicans and four Senate Democrats, including Senator Joe Manchin (D-W.Va.), who has recently made headlines for opposing Biden’s clean-energy program and Democrats’ plans for voting-rights and filibuster reforms.

Since July, Bankman-Fried has made $5,800 contributions, the maximum individuals can give directly to Congressional campaigns, to the committees of &lt;b&gt;Bill Cassidy (R-La.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), Ben Sasse (R-Neb.), Mitt Romney (R-Utah) and Richard Burr,&lt;/b&gt; the North Carolina Republican who announced plans to retire at the end of his term in 2023. Bankman-Fried also donated $5,800 to Democratic Senators Patty Murray (Wash.), Alex Padilla (Calif.), Maggie Hassan (N.H.) and Manchin. When reached, Bankman-Fried said he did not want to comment on specific donations.

The crypto king is hardly the only billionaire donor to support both Biden and Republicans on Capitol Hill. Former Facebook president Sean Parker, who gave $620,600 to Biden, also donated to the campaigns of Collins and Rep. Steve Scalise (R-La.) in 2020. Len Blavatnik gave $52,800 to Biden in 2020, but he also contributed $150,000 to a joint-fundraising committee of House Minority Leader Kevin McCarthy (R-Calif.) the same year. 

Bankman-Fried joined the Forbes 400 as the richest self-made newcomer in list history this year. He’s now worth an estimated $26.5 billion. He got rich thanks to a crypto exchange called FTX and a trading firm named Alameda Research. Most of his fortune is concentrated in shares of FTX and a portion of its FTT tokens. He has said that he plans to one day give away his entire fortune. 
&lt;/blockquote&gt;

Well, he did &quot;give away&quot; his fortune through some complex transactions, but I suspect whatever got cashed out into meat-space money is safely salted away.]]></description>
			<content:encoded><![CDATA[<p>@ Banned Lizard  &#8211; you shouldn&#8217;t keep us in suspense like that. </p>
<p><a href="https://www.forbes.com/sites/michelatindera/2021/10/21/the-worlds-richest-crypto-billionaire-who-donated-to-biden-is-now-giving-to-republican-senators/?sh=7da9dbb53f5d" rel="nofollow ugc">https://www.forbes.com/sites/michelatindera/2021/10/21/the-worlds-richest-crypto-billionaire-who-donated-to-biden-is-now-giving-to-republican-senators/?sh=7da9dbb53f5d</a></p>
<blockquote><p>
Last year, at age 28, crypto billionaire Sam Bankman-Fried made waves by shelling out $5 million to a super-PAC supporting Joe Biden, making him one of the biggest backers of America’s future president. </p>
<p>But this year, he’s made it clear that he’s not all-in for Democrats. Bankman-Fried has donated to six Senate Republicans and four Senate Democrats, including Senator Joe Manchin (D-W.Va.), who has recently made headlines for opposing Biden’s clean-energy program and Democrats’ plans for voting-rights and filibuster reforms.</p>
<p>Since July, Bankman-Fried has made $5,800 contributions, the maximum individuals can give directly to Congressional campaigns, to the committees of <b>Bill Cassidy (R-La.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), Ben Sasse (R-Neb.), Mitt Romney (R-Utah) and Richard Burr,</b> the North Carolina Republican who announced plans to retire at the end of his term in 2023. Bankman-Fried also donated $5,800 to Democratic Senators Patty Murray (Wash.), Alex Padilla (Calif.), Maggie Hassan (N.H.) and Manchin. When reached, Bankman-Fried said he did not want to comment on specific donations.</p>
<p>The crypto king is hardly the only billionaire donor to support both Biden and Republicans on Capitol Hill. Former Facebook president Sean Parker, who gave $620,600 to Biden, also donated to the campaigns of Collins and Rep. Steve Scalise (R-La.) in 2020. Len Blavatnik gave $52,800 to Biden in 2020, but he also contributed $150,000 to a joint-fundraising committee of House Minority Leader Kevin McCarthy (R-Calif.) the same year. </p>
<p>Bankman-Fried joined the Forbes 400 as the richest self-made newcomer in list history this year. He’s now worth an estimated $26.5 billion. He got rich thanks to a crypto exchange called FTX and a trading firm named Alameda Research. Most of his fortune is concentrated in shares of FTX and a portion of its FTT tokens. He has said that he plans to one day give away his entire fortune.
</p></blockquote>
<p>Well, he did &#8220;give away&#8221; his fortune through some complex transactions, but I suspect whatever got cashed out into meat-space money is safely salted away.</p>
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		<title>
		By: Banned Lizard		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653774</link>

		<dc:creator><![CDATA[Banned Lizard]]></dc:creator>
		<pubDate>Fri, 18 Nov 2022 02:14:52 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653774</guid>

					<description><![CDATA[Apparently Mr FTX was not only fond of Democrats, but had a &lt;a href=&quot;https://www.forbes.com/sites/michelatindera/2021/10/21/the-worlds-richest-crypto-billionaire-who-donated-to-biden-is-now-giving-to-republican-senators/&quot; rel=&quot;nofollow ugc&quot;&gt;soft spot for RINOs&lt;/a&gt; as well. No surprise there.]]></description>
			<content:encoded><![CDATA[<p>Apparently Mr FTX was not only fond of Democrats, but had a <a href="https://www.forbes.com/sites/michelatindera/2021/10/21/the-worlds-richest-crypto-billionaire-who-donated-to-biden-is-now-giving-to-republican-senators/" rel="nofollow ugc">soft spot for RINOs</a> as well. No surprise there.</p>
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		<title>
		By: Westalchem		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653590</link>

		<dc:creator><![CDATA[Westalchem]]></dc:creator>
		<pubDate>Thu, 17 Nov 2022 05:27:39 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653590</guid>

					<description><![CDATA[Fox is not doing  reporting the whole story. From Politico:

“Bankman-Fried was among the most significant donors to Democrats during the cycle, distributing more than $40 million through direct contributions and super PACs. Salame gave roughly $24 million to Republicans.”

Salame was the co-CEO of FTX. These two crypto idiots were buying influence wherever they could, regardless of the party affiliation. And representatives on both sides of the aisle we’re happily taking their money.

I’ll add that, in my opinion, the Ukraine angle is specious. The Ukrainian government embraced crypto immediately after it was invaded in February 2022 as a means of attracting donations and using a currency that wasn’t tied to its faltering Hryvnia. We can question the wisdom of that move, but logic explains it without conspiracy.]]></description>
			<content:encoded><![CDATA[<p>Fox is not doing  reporting the whole story. From Politico:</p>
<p>“Bankman-Fried was among the most significant donors to Democrats during the cycle, distributing more than $40 million through direct contributions and super PACs. Salame gave roughly $24 million to Republicans.”</p>
<p>Salame was the co-CEO of FTX. These two crypto idiots were buying influence wherever they could, regardless of the party affiliation. And representatives on both sides of the aisle we’re happily taking their money.</p>
<p>I’ll add that, in my opinion, the Ukraine angle is specious. The Ukrainian government embraced crypto immediately after it was invaded in February 2022 as a means of attracting donations and using a currency that wasn’t tied to its faltering Hryvnia. We can question the wisdom of that move, but logic explains it without conspiracy.</p>
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		<title>
		By: huxley		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653428</link>

		<dc:creator><![CDATA[huxley]]></dc:creator>
		<pubDate>Wed, 16 Nov 2022 15:24:20 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653428</guid>

					<description><![CDATA[&lt;i&gt;The thing about crypto is you die rich or you live long enough to get arrested.

--TechLead (Patrick Shyu)&lt;/i&gt;]]></description>
			<content:encoded><![CDATA[<p><i>The thing about crypto is you die rich or you live long enough to get arrested.</p>
<p>&#8211;TechLead (Patrick Shyu)</i></p>
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		<title>
		By: Barry Meislin		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653414</link>

		<dc:creator><![CDATA[Barry Meislin]]></dc:creator>
		<pubDate>Wed, 16 Nov 2022 12:39:49 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653414</guid>

					<description><![CDATA[Related (by Ben Shapiro):
&quot;The FTX Dog That Didn&#039;t Bark&quot;---
https://jewishworldreview.com/1122/shapiro111622.php3
H/T Powerline blog.
IOW, the complicity (or collusion, if you will) between &quot;Biden&quot;---more specifically, the SEC---and the FTX boy wonder/procurer of &quot;cash on the barrel&quot;...]]></description>
			<content:encoded><![CDATA[<p>Related (by Ben Shapiro):<br />
&#8220;The FTX Dog That Didn&#8217;t Bark&#8221;&#8212;<br />
<a href="https://jewishworldreview.com/1122/shapiro111622.php3" rel="nofollow ugc">https://jewishworldreview.com/1122/shapiro111622.php3</a><br />
H/T Powerline blog.<br />
IOW, the complicity (or collusion, if you will) between &#8220;Biden&#8221;&#8212;more specifically, the SEC&#8212;and the FTX boy wonder/procurer of &#8220;cash on the barrel&#8221;&#8230;</p>
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		<title>
		By: AesopFan		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653407</link>

		<dc:creator><![CDATA[AesopFan]]></dc:creator>
		<pubDate>Wed, 16 Nov 2022 08:13:16 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653407</guid>

					<description><![CDATA[@ Neo &#062; &quot;This was never going to come out before the election.&quot;

So now instead of &quot;October surprises&quot; where one party Reveals the Secret Scandal About the Other Party just before an election, we are having &quot;October suppressions&quot; by the media (aka Democrats with by-lines).
2020 was Hunter Biden&#039;s laptop, of course (among a lot of other minor stories).
2016 should have been Hillary&#039;s emails, but I think that got out of the bag and the suppression just didn&#039;t work out.
2012 ??
2008 Obama&#039;s murky past

Query for historians: has an actual October Surprise ever featured the Republicans revealing a Democrat &quot;scandal&quot; or is that another of those one-way-only traditions?]]></description>
			<content:encoded><![CDATA[<p>@ Neo &gt; &#8220;This was never going to come out before the election.&#8221;</p>
<p>So now instead of &#8220;October surprises&#8221; where one party Reveals the Secret Scandal About the Other Party just before an election, we are having &#8220;October suppressions&#8221; by the media (aka Democrats with by-lines).<br />
2020 was Hunter Biden&#8217;s laptop, of course (among a lot of other minor stories).<br />
2016 should have been Hillary&#8217;s emails, but I think that got out of the bag and the suppression just didn&#8217;t work out.<br />
2012 ??<br />
2008 Obama&#8217;s murky past</p>
<p>Query for historians: has an actual October Surprise ever featured the Republicans revealing a Democrat &#8220;scandal&#8221; or is that another of those one-way-only traditions?</p>
]]></content:encoded>
		
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		<title>
		By: AesopFan		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653406</link>

		<dc:creator><![CDATA[AesopFan]]></dc:creator>
		<pubDate>Wed, 16 Nov 2022 08:06:07 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653406</guid>

					<description><![CDATA[@ Matthew M &#062; &quot;Is the United States government a looting/money laundering operation with a country attached as an afterthought?&quot;

In the same way universities are hedge funds with classrooms.]]></description>
			<content:encoded><![CDATA[<p>@ Matthew M &gt; &#8220;Is the United States government a looting/money laundering operation with a country attached as an afterthought?&#8221;</p>
<p>In the same way universities are hedge funds with classrooms.</p>
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		<title>
		By: Banned Lizard		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653400</link>

		<dc:creator><![CDATA[Banned Lizard]]></dc:creator>
		<pubDate>Wed, 16 Nov 2022 04:50:48 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653400</guid>

					<description><![CDATA[&lt;a href=&quot;https://www.npr.org/2022/11/15/1136918057/white-house-ukraine-funding-request-congress&quot; rel=&quot;nofollow ugc&quot;&gt;&lt;b&gt;The White House is asking Congress for another $37.7 billion for Ukraine&lt;/b&gt;&lt;/a&gt;

With midterms a done deal, the FTX pipeline to Dem campaigns and McConnell&#039;s sabotage operation is mysteriously gutted. Who would do such a thing? My guess: someone with inside knowledge. 

Maybe the new distribution scheme will be more transparent and less corrupt (*wink*).]]></description>
			<content:encoded><![CDATA[<p><a href="https://www.npr.org/2022/11/15/1136918057/white-house-ukraine-funding-request-congress" rel="nofollow ugc"><b>The White House is asking Congress for another $37.7 billion for Ukraine</b></a></p>
<p>With midterms a done deal, the FTX pipeline to Dem campaigns and McConnell&#8217;s sabotage operation is mysteriously gutted. Who would do such a thing? My guess: someone with inside knowledge. </p>
<p>Maybe the new distribution scheme will be more transparent and less corrupt (*wink*).</p>
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		<title>
		By: PA+Cat		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653392</link>

		<dc:creator><![CDATA[PA+Cat]]></dc:creator>
		<pubDate>Wed, 16 Nov 2022 03:04:59 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653392</guid>

					<description><![CDATA[huxley--

I&#039;m thinking that George Lerner would be the ideal shrink for San Francisco&#039;s favorite power couple, the Pelosis. Nancy in particular might need a little pick-me-up from Dr. Feelgood, now that she&#039;s lost her oversize gavel.]]></description>
			<content:encoded><![CDATA[<p>huxley&#8211;</p>
<p>I&#8217;m thinking that George Lerner would be the ideal shrink for San Francisco&#8217;s favorite power couple, the Pelosis. Nancy in particular might need a little pick-me-up from Dr. Feelgood, now that she&#8217;s lost her oversize gavel.</p>
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		<title>
		By: huxley		</title>
		<link>https://thenewneo.com/2022/11/15/heres-an-ftx-summary/#comment-2653391</link>

		<dc:creator><![CDATA[huxley]]></dc:creator>
		<pubDate>Wed, 16 Nov 2022 02:49:00 +0000</pubDate>
		<guid isPermaLink="false">https://www.thenewneo.com/?p=122076#comment-2653391</guid>

					<description><![CDATA[On a more objective note, there are plenty of over-leveraged, gray-area crypto companies.

ETX was big, but not unique. I&#039;m not sure what&#039;s left at the end, but this is only the beginning of the crypto-cull.]]></description>
			<content:encoded><![CDATA[<p>On a more objective note, there are plenty of over-leveraged, gray-area crypto companies.</p>
<p>ETX was big, but not unique. I&#8217;m not sure what&#8217;s left at the end, but this is only the beginning of the crypto-cull.</p>
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