There’s a great line in the hilarious movie “History of the World: Part 1” by Mel Brooks, when he, as King Louie XVI of France, would do something that would get a normal person in trouble then turn to the camera and say, “It’s good to be the king.” In that movie, as with being that monarch in France at that time, it was only “good to be the king” for a while, then it was exceedingly not good to be the king, as Louis ended up losing his head. In modern times, it’s good to be the king again…as long as you’re the right kind of king who curried favor with the correct politicians – namely Democrats.
I’m speaking, of course, about Sam Bankman-Fried, for former CEO of crypto currency company FTX and either one of the largest rip-off artists in history or biggest morons who managed to swindle, one way or another, billions of dollars from a lot investors. The extent of his corruption and/or incompetence is not yet known, which is why there are hearings on Capitol Hill being put together right now. Most investigations will take place next year because, in part, the House of Representatives isn’t really interested in finding out what happened.
Why? Because it appears to have favored Democrats. Remember that “normal person” I was talking about? Bankman-Fried isn’t that person, he’s the one with the friends in high places who gets protected – the guy who calls in the chits he spent tens of millions of dollars spreading around.
The recipient of a big pile of those chits, and buckets of cash from Bankman-Fried is California Democratic Congresswoman Maxine Waters. She’s Chair of the House Financial Services Committee, exactly the committee that should be all over this FTX scandal. But Waters is an old hand at the DC game, and she knows the money Bankman-Fried and his cronies tossed around landed all over her fellow Democrats, including more than $300,000 of it on members of her committee. Waters is nothing if not a partisan hack; anything that makes Democrats look bad is bad for business. So it wasn’t really a shock this week when, after announcing her committee would hold a hearing on the collapse of FTX in the lame-duck session, it came out that she has no plans to subpoena Sammy. Honestly, if Congress doesn’t try to hold this guy accountable to some degree, what’s to stop others from being reckless themselves? Bankman-Fried may be an outlier but without accountability the entire market could lose the trust of the public and collapse, costing more people even more money. Don’t you think Congress would have a desire to at least try to prevent that from happening?
And RACIST pc of shhht !!!! Impeach her Now & off to Prison !!!
Did you mention how ugly she is?