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Thread: FTX Files For Bankruptcy. What will be the effect of this?

  1. #121
    Quote Originally Posted by Occam's Banana View Post
    Exodus 12:36

    And the Lord had given the people favor in the sight of the Egyptians, so that they granted them what they requested. Thus they plundered the Egyptians.
    You've got Sharia patrols in the USA..?

    No, not in America, only in the big cities. there are no americans there, only democrats.



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  3. #122
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  4. #123

    https://twitter.com/BobBish40288847/...18407971790849

    Ukraine
    Democraps
    You've got Sharia patrols in the USA..?

    No, not in America, only in the big cities. there are no americans there, only democrats.

  5. #124
    Quote Originally Posted by susano View Post
    Exodus 12:36

    And the Lord had given the people favor in the sight of the Egyptians, so that they granted them what they requested. Thus they plundered the Egyptians.
    It's not the Lord on their side this time.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  6. #125
    Another overview.




    If the stampman tells you to kiss his ass, shall he get away with it and live? Don't let your courage cool, or a few bullies scare you. We've nothing to fear but slavery. Love your liberty, and fight for it like men who know its value. Once lost it will never, never be regained.
    -Hugh Ledlie, 1774.

  7. #126
    Quote Originally Posted by Swordsmyth View Post
    And?
    Dems cheat.
    Trump stopped them cheating.

    A clear case of Liberty preserving authoritarianism.

  8. #127
    Online Traders Are Fleeing Crypto Exchanges

    https://www.thefinancialtrends.com/2...pto-exchanges/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  9. #128
    https://twitter.com/ksorbs/status/1596579125560762369

    Quote Originally Posted by Swordsmyth View Post
    And?
    Dems cheat.
    Trump stopped them cheating.

    A clear case of Liberty preserving authoritarianism.



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  11. #129
    The effect of this will be absolutely nothing. DC politicians will continue to launder money through other means.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  12. #130
    Pocahontas will take lead on “investigation” & shaping GOV control

  13. #131
    So far no effects at all , it is like bankman fried is Corzine or something.
    Do something Danke

  14. #132
    BlockFi Files Chapter 11 As FTX Contagion Spreads

    https://www.thefinancialtrends.com/2...agion-spreads/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  15. #133
    Quote Originally Posted by Swordsmyth View Post
    And?
    Dems cheat.
    Trump stopped them cheating.

    A clear case of Liberty preserving authoritarianism.

  16. #134
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  17. #135
    https://twitter.com/WillManidis/stat...28748767674368



    Quote Originally Posted by Swordsmyth View Post
    And?
    Dems cheat.
    Trump stopped them cheating.

    A clear case of Liberty preserving authoritarianism.

  18. #136



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  20. #137
    Gemini Crypto Exchange Out $900 Million From Genesis FTX Loss

    https://www.thefinancialtrends.com/2...esis-ftx-loss/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  21. #138
    Quote Originally Posted by Matt Collins View Post
    Great video, which highlights an article from 1970, warning of the dangers of supposed "social responsibility" in business.

    The businessmen believe that they are defending free enterprise when they declaim that business is not concerned “merely” with profit but also with promoting desirable “social” ends; that business has a “social conscience” and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are—or would be if they or any one else took them seriously— preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.

    The discussions of the “social responsibilities of business” are notable for their analytical looseness and lack of rigor.
    ...
    In each of these cases, the corporate executive would be spending someone else's money for a general social interest. Insofar as his actions in accord with his “social responsibility” reduce returns to stock holders, he is spending their money. Insofar as his actions raise the price to customers, he is spending the customers’ money. Insofar as his actions lower the wages of some employes, he is spending their money.
    ...
    The executive is exercising a distinct “social responsibility,” rather than serving as an agent of the stockholders or the customers or the employes, only if he spends the money in a different way than they would have spent it.

    But if he does this, he is in effect imposing taxes, on the one hand, and deciding how the tax proceeds shall be spent, on the other.
    ...
    On the level of political principle, the imposition of taxes and the expenditure of tax proceeds are governmental functions. We have established elaborate constitutional, parliamentary and judicial provisions to control these functions, to assure that taxes are imposed so far as possible in accordance with the preferences and desires of the public— after all, “taxation without representation” was one of the battle cries of the American Revolution. We have a system of checks and balances to separate the legislative function of imposing taxes and enacting expenditures from the executive function of collecting taxes and administering expenditure programs and from the judicial function of mediating disputes and interpreting the law.

    Here the businessman—self‐selected or appointed directly or indirectly by stockholders—is to be simultaneously legislator, executive and jurist.
    ...
    But precisely the same argument applies to the newer phenomenon of calling upon stockholders to require corporations to exercise social responsibility (the recent G.M. crusade, for example). In most of these cases, what is in effect involved is some stockholders trying to get other stockholders (or customers or employes) to contribute against their will to “social” causes favored by the activists. Insofar as they succeed, they are again imposing taxes and spending the proceeds.
    ...
    WHETHER blameworthy or not, the use of the cloak of social responsibility, and the nonsense spoken in its name by influential and prestigious businessmen, does clearly harm the foundations of a free society.
    ...
    - Milton Friedman, 1970
    ...
    http://websites.umich.edu/~thecore/doc/Friedman.pdf
    Last edited by Brian4Liberty; 12-05-2022 at 12:30 PM.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  22. #139
    Maxine Waters, in consultation with Gensler, will not subpoena SBF to testify at FTX collapse hearing and instead will make it his choice. I can't imagine why they wouldn't want him questioned under oath in front of the country by the entire House Financial Services Committee and I'm sure he'll be eager to voluntarily do it /s

    https://www.cnbc.com/2022/12/07/ftx-...-collapse.html

    House Financial Services Committee Chair Maxine Waters told the panel’s Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a Dec. 13 hearing about the crypto exchange’s rapid demise, according to people with direct knowledge of the conversation.

    Waters informed committee members of her decision at a private meeting Tuesday with Securities and Exchange Commission Chair Gary Gensler on Capitol Hill, these people said, declining to be named in order to speak freely about the private discussion.
    -------------------------------------------

    Apparently he will testify after all, though not required to. Will GOP committee members avoid questioning on (Ukraine-->Dem) money laundering since they also received cash from FTX, though nowhere near as much? His best move would be to pull a Lois Lerner and invoke the 5th, though surely there's a lot of backroom wheelin' n dealin' going on.

    https://www.cnbc.com/2022/12/09/sam-...ore-house.html
    Last edited by devil21; 12-09-2022 at 12:13 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  23. #140
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  24. #141
    FTX Was Secretly Funding Cryptocurrency News Outlet The Block

    https://www.thefinancialtrends.com/2...let-the-block/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  25. #142
    Caroline Ellison Of Alameda Research Retains Lawyer, May Have Cut Deal With the Feds

    https://www.thefinancialtrends.com/2...with-the-feds/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  26. #143
    Last edited by Occam's Banana; 12-12-2022 at 07:24 PM.

  27. #144
    Creep got arrested in Bahamas today & apparently hires same lawyer as Maxwell & El Chappo

    https://mobile.twitter.com/WSBChairm...38576041889792



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  29. #145
    The former CEO of FTX, Sam Bankman, has hired the same attorney that defended Ghislaine Maxwell and El Chapo.

    Why hire an attorney that defends sex traffickers and drug lords if you’re not guilty of stealing billions from your customers?

  30. #146
    The arrest came just in time to prevent him testifying to Congress.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  31. #147
    Quote Originally Posted by Swordsmyth View Post
    The arrest came just in time to prevent him testifying to Congress.
    "overbooked" LOL

    https://twitter.com/nypost/status/1602351776849690627

  32. #148
    Congressional testimony is all for show

    New CEO will be there spilling the beans to the Democratic lead Commitee

    In a few weeks R’s take over the DC show

  33. #149
    https://twitter.com/grandoldmemes/st...21115770986496

    Quote Originally Posted by Swordsmyth View Post
    And?
    Dems cheat.
    Trump stopped them cheating.

    A clear case of Liberty preserving authoritarianism.

  34. #150
    Sam Bankman-Fried Arrested In The Bahamas, Charged With Wire/Securities Fraud And Money Laundering
    Tyler Durden's Photo
    by Tyler Durden
    Tuesday, Dec 13, 2022 - 06:11 AM

    Update (8:35pm ET): According to the NYT, the charges against SBF which in an indictment which will be unsealed on Tuesday included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering. Of course, SBF should also be charged for talking too damn much and adding 15 years to his sentence by being a megalomaniac sociopath, but we'd take attempted bribery of the entire Democratic Party instead.

    A lawyer chimes in, pointing out that according to federal sentencing guidelines, SBF could be looking at approximately 612,000 years in prison.

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