degraded cryptocurrency Executive Sam Bankman-Fried appearance How the financial elite now distancing themselves from him at The New York Times Deal Book Summit is actually a reflection of the billionaire himself, a high-profile investor told Fox News.
Vivek Ramaswamy of Strive Asset Management told “Tucker Carlson Tonight” that he called nervous applause for Bankman-Fried while speaking at Wednesday’s conference, which was moderated by CNBC anchor Andrew Sorkin.
Ramaswamy said Bankman-Fried – currently living In the Bahamas – and his FTX company reminded him how the now-bailed financial giants who took American taxpayers’ money to stay afloat after the 2008 financial crisis presented themselves as “good guys” despite their malicious behavior. Tried to install.
“The difference then was that he also got bail directly by the government [via] Public FISC. Now, here in the case of SBF… and what was fascinating for me to watch today was not so much. SBF – [who is] Really good at deflection, using a lot of technical language to deflect accountability,” he said.
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WASHINGTON, DC – DECEMBER 08: FTX CEO Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at the Rayburn House Office Building on Capitol Hill on December 8, 2021 in Washington, DC. The committee held a hearing on “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”
(Alex Wong / Getty Images)
“What was really interesting was seeing people in the audience laughing nervously, distancing themselves from her. And to me, that’s when I was thinking about what happened in 2008.”
Responding to clips of the conference – advertised as a symposium with top business leaders – which included Bankman-Fried and Ukrainian President Volodymyr Zelensky, Ramaswamy said many in the audience were “financial elites” who wanted to distance themselves. Huh from Bankman-Fried,
Ramaswamy said that although he sees the same people who may have been in corporate positions during the 2008 bailout, Bankman-Fried is not very different from those who are accused of co-funding between FTX and Alameda Research, while investors Untold amount of money remains. Allegedly unaccounted for.
“They may differ in degree, but not in type. And I think that’s what people really struggle with in this SBF story,” he said.
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(Fox News)
“If they’re in elite finance, when they look at themselves in the mirror and see things that happened in 2008, you know what? It’s an uncomfortable parallel and an uncomfortable analogy.”
Bankman-Fried, Ramaswamy said, “is just one of them, and he is just one of them.”
Host Tucker Carlson said Bankman-Fried presented herself as if she was “bulletproof” from personal accountability, alleging her closeness to the Democratic Party – interests to which she donated high sums in the 2022 midterms — and Securities and Exchange Commissioner Gary Gensler showed no government authority likely to touch him.
A woman wearing a protective face mask walks past the New York Times building in Manhattan, New York, US, on August 3, 2020. REUTERS/Shannon Stapleton
(Reuters/Shannon Stapleton)
“She’s not too worried about criminal charges,” Carlson said, queuing up a clip of Bankman-Fried saying she’s not focused on criminal liability, adding that “she’s had a bad month.” … It doesn’t matter here.”
“I’ve had a bad month. It’s all about me and my personal journey. But being held accountable by the regulators, the Justice Department, the US Congress. These are my friends. I paid for them,” Carlson told the banker. Mimicking said – fried.
“Boys, if there’s ever been a clear window into the deep corruption we really need to get rid of if we’re going to go back to representative democracy, it’s right there.”