NYT, Elite Media CAUGHT Covering For SBF After Funding | Breaking Points

Saagar explains how the media's failure to learn lessons from previous frauds helped enable the inevitable collapse of FTX.

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[elee]

Finding out that most of the corporate crooks are corrupt is like finding out that water is wet.

[daveblackman]

Whenever the nyt covers for you, you know he most likely has the same people who are behind the creepy trafficking stuff that we’re not supposed to talk about

[TCR]

The same people who are friends with JeffEpstein are friends with him. Wonder why

[vaevictis_]

Oooo Krystal enjoyed that mention of republicans 3:20 😉

[jackied]

The CEO that's taken over to handle the bankruptcy said today there were likely "compromised individuals" working for FTX.

[pauliseri]

The Forbes cover is turning into the Sports Illustrated cover jinx

[PutXi_Whipped]

It’s no coincidence that YT banned the *Redacted* channel (with over a million subs) the same week that the FTX news spilled out.

[vpapale]

Is Ryan going to address why The Intercept allowed itself to be involved in this? Looks like they’ll take money from anyone

[BoxOfOranges]

I would like to hear Kanye West's opinion on this

[alandbs]

Bankman-Fried. Another Presbyterian. Typical. 👀

[IndependenceCityMotoring]

We need campaign finance reform ASAP. Eg. Max of $20 per person/per corporation political contributions allowed.

[ssssaintmarcus]

Finally!!! This is what I was waiting for you guys to do and figured that Ryan and Emily botched it but Saagar delivered in spades. Everyday this story gets more and more crazy…

[PepeToTheMooon]

Bank man is definitely a part of the Epsten crew

[cashcolin]

I love that you included the intercept even with Ryan Grim on the show.

[TchHry]

Correct me if I'm wrong, this is a larger amount of fiscal impact than Enron...
AND it's directly tied to a political party.
This is huge.

[lammyjammer]

It would've crumbled anyway at some point... the guy lost everyone's money by gambling it through Alameda. The run was caused by a margin call on a huge trade where he had customer funds tied up. His "wealth" was built on a house of cards.

[kangamagic]

FTX didn't go bankrupt because of leverage. It went bankrupt because the CEO built a backdoor into his platform so he could secretly syphon off funds to Alameda Research without compliance or legal knowing.

[johncoktosten]

Throws down the Intercept. What’s Ryan Grimm got to say?

[Bagom]

Please cover all those YT finance influencer that pumped FTX, blockfi, etc...

[MrChaluliss]

It is kind of wild to think about how SBF was so posessed by greed or some kind of perverse ambition that he happily lied, broke laws, and attempted to get laws written purely for his own benefit in such a short time span. He is really young, and highly immoral. Obviously he was a hard working individual and he was also obviously quite smart. Working with all the tech and concepts required which he was able to juggle is no small feat. Yet despite that intellect he appeared to be quite selfishly interested in his life's work. Our society is mentally sick. Enough that FTX type events aren't rare, they're seemingly occurring more frequently then ever before. (Not trying to consider confounding variables here, just to point out how many people who get power seem to end up using it towards incredibly selfish ends)