Thursday, December 1, 2022

SBF: I Didn't know

        So, FTX investors got a message from their arch enemy: Sam Blankman-Fried. To wit: "I didn't know the company was using investor funds to pay loans we used to buy other companies." No doubt he "knows" he can say anything he wants before an audience of dupes because he's not under oath and doesn't have to answer questions from a prosecutor. That day will come soon enough as the 30-year old dirt bag/scum bucket realizes the game is over and he has become another modern pariah. Still appearing as the douche bag of Wall Street in his floppy black T and cut off cargo pants with a mop head of hair cascading over his floppy ears, he continues to feed the narrative that his "business" has suffered some setbacks and will take some time to recover. Hmmmmm.  I'll bet Bernie Madoff thought the same thing for awhile. And Jeffrey Epstein thought something similar, and Jon Corzine thought the identical thoughts. The patterns of the thoughtless, clueless Ponzi-schemers. The game will go on forever, until it doesn't. The media has been having a wonderful time with SBF; it allows the pundits to kick sand in the face of Wall Street bigwigs and their lawyers who facilitate all these scams that sprout annually from the cavernous streets of Manhattan. Creative writers enjoy taking copious notes about all the mechinations of financiers as fodder for future stories of greed, pain, despair, and the aftermath.

      The Mayor hasn't listened to any of SBF's sales pitches but no doubt his message was like so many others:"You can't lose; results are guaranteed. Get in now, at the start to realize all your dreams of wealth". So the game continues. The bankruptcy administering the company is now finding(or not finding) where the money went of the million investors who gave SBF their hard-earned cash. The dirt bag suggested that his company was hacked(the new fallback/go-to excuse of the scoundrel brigades). But the Mayor likes the more simple line:"I didn't know".  He'll soon have his day in court before he joins a few other scoundrels behind bars in Sing-Sing or maybe Guantanamo, Cuba.

 

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