comment: >
  
  Fuck that's dark.
context: Yikes. Spilling beans early >
  
  In a lot of cases, the first one to spill the beans gets the best deal. >
  
  Not like these people are team players or anything anyway, I'd imagine they'd cut and run the first second they see a beneficial outcome. >
  
  That’s most people in my experience. >
  
  Crazy how they thought they could just take all this money and no one would notice. >
  
  Well in some ways it's pretty similar to how the US economy crashed thanks to banks in 2008. Banks were providing subprime loans to people they knew couldn't pay using other people's money and when a bunch of people tried to withdraw their savings (a bank run), the banks didn't have it. No one knows if that money is actually there until they cash out.
  FTX is essentially a crypto bank as I understand it and from what I've seen the dude from Binance didn't like the dude from FTX so he said some stuff that caused a bank run and then the world found out they were loaning themselves money from the people that were using the exchange.
  It's definitely more complex than that and I am an engineer, not an economist but that's how I understand it. >
  
  The big difference here is the crime guys are going to jail, instead of receiving cash bailouts and tax breaks. >
  
  Yeah big mistep on the part of crypto people.  You gotta threaten to take the economy down with you and then no one goes to jail and you just get to keep all the money. >
  
  In the interest of factual accuracy, you should know that the banks paid back all money provided by the government. Still a bunch of shitheels, though >
  
  What about all the money consumers lost or 401ks that were destroyed? >
  
  I’m talking only about the money given to them by the government being a loan, not a gift. Destroying peoples’ lives and starting the worst recession in modern history is more than enough reason to point the finger at them, we don’t need to make extra shit up >
  
  They should have gone to prison. >
  
  I do not disagree with this >
  
  Caroline is fucked but Sammy boy is doubly fucked. She seems to have really thrown him under the bus. >
  
  She may not be in so much trouble, depending on the plea deal she accepted im exchange for her cooperation.  I'll be shocked if she spends more than a couple years behind bars.
  Sammy Bankman-Fucked is, indeed, fucked, however >
  
  She will do time and will have a fraud conviction attached to her for life. The financial services industry is a small shop and her name will be absolutely mud. I’d personally wager that her career in finance is dead going forward, even after she gets out of jail. >
  
  Umm.... she never had a career in finance. She was a junior trader for all of 19 months before falling under the SBF spell. >
  
  She had the start of one. She was a trader for 19 months. Presumably that’s what she’d try to go back to once she’s able to go back working again. 
  My point is that she will likely have to abandon any plans of working in finance going forward in any capacity because a fraud conviction in an industry like trading or corporate finance, where trust is key, is going to be an enormous black mark on her when she goes to interviews. Most companies will not take the risk of hiring someone with that kind of history. >
  
  Not to mention her chances in other professions that require a lot of trust in their clients such as law or medicine, I also think a lot of high tier universities will not accept her.
  Maybe if she could prove that she learnt her lesson and not do it again she might have a chance for semi-decent stint somewhere. >
  
  Not sure why people are framing the discussion this way.
  These people are the children of the privileged elite.
  They don't apply for jobs like the rest of us. Jobs are given to them.
  They could commit full-scale genocide and still get cushy jobs afterwards. >
  
  Man,I love when companies like this crop up from time to time. They get the best press, fawning articles written about them and their amazing ethics. People are always so surprised by how young they are, how competent, how successful. Then they always ask “What’s your secret?” And it turns out, the secret is always crime. >
  
  Something tells me those deleted texts weren't deleted. Someone kept them for insurance. >
  
  They probably threw her in the drunk tank for a half hour and it scared the ever loving shit out of her.
  She broke down like a Walmart shotgun. >
  
  Hey I got a Mossberg Maverick from Walmart and so far it hasn't tried to form a billion dollar scam and rat on me to the feds....
  Yet, but I'm keeping my eye on it. >
  
  Don't fall for its lies. It wants you to look in its eyes.