The Strange Morality of the Bay-Area Billionaire Left

..Mysteriously, only after the conclusion of the midterm elections, did we suddenly learn that this left-wing “philanthropist” and benefactor of Democratic politics, this megadonor to the quid pro quo puff-piece media, this con artist protected from federal securities regulators, had drained off, lost, hidden, or spent billions of dollars of other people’s money.

As a result, the Bahamas-basking, tax-avoiding, polyamorous sybarite, and heartthrob of progressive moralists, now claims he has no wherewithal to honor his financial commitments to his own investors. Preliminary postmortem auditors sigh that they have never encountered a greater financial mess than what Bankman-Fried has left in his wake.

How does the most sophisticated financial system in the history of civilization allow a virtue-signaling nerd to nearly wreck it? Where were the Federal Trade Commission, the Department of Justice, the IRS, and all the other alphabet soup agencies that supposedly exist so that someone like Bankman-Fried does not? Where is Merrick Garland and his special prosecutors, the FBI with its televised SWAT swoops and leg irons?

For all the performance-art boasts of simply doing good for others by doing far better for himself, Bankman-Fried may soon be revealed to be one of the great, dissolute con artists in American history…

…Yet Bankman-Fried is merely one in a long line of Bay Area social-justice hypocrites and frauds. They share in common loud but cynical left-wing politics. They choreograph their personas to win exemption from left-wing government regulators, to guarantee puff pieces from a toady media, and to romance the rich, left-wing elite….







https://amgreatness.com/2022/11/20/the-strange-morality-of-the-bay-area-billionaire-left/



The author of the article is exactly right. He perfectly describes the secular progressive Bay Area elites. If anything he’s too generous in describing that scum.

 

If this pond scum human debris that are hypocrites didn’t have double standards, they’d have no standards at all and they certainly have no morals whatsoever.

 

lolol did this crypto grifting miraculously begin after dear leader's great reelection was stolen in 2020? i'm sure that if we had allowed the shaman to occupy the capital this would never have occurred without a cut for jared.

people are saying that "investors" must do some minimum of "due diligence" before sinking your life savings in "non fungible tokens" or whatever.

it has taken over 2 years to unwind the relatively simple con game called "trump organization." ftx may take a little longer.

when have any liberals , on this board or in congress, called for deregulating these businesses?

speaking of due diligence ......

Cryptocurrency Has Set Us Back 300 Years: Krugman (investopedia.com)

Robert Reich: What The Crypto Crash Tells Us – OpEd – Eurasia Review

Modern Money Theory (MMT): Explanation for the crypto crowd | by Michal Bacia | AmaZix | Medium

or you can just ask any gen z billionaire like this ftx guy why they are driving around the bahamas in a ferrari.

 

Yet another “but Trump!” response to democrat corruption. And you throw in Jared when the real criminal nut job has his Hunter. As to crypto, I never got involved in it….I’m still into physical things like various commodities including among them physically held precious metals.