The Democrat Media Complex will vigorously defend people on the Left.
Only people who become politically toxic get discarded, and even then many weather the storm.
But now a major Democrat fraudster pulled one stunt that’ll make Rod Blagojevich blush.
Sam Bankman-Fried, the owner of the cryptocurrency exchange company FTX, defrauded people out of billions of dollars, and he has yet to face any repercussions.
FTX was so poorly run, the company did not have a CFO, and accounting issues were handled via internal Slack channels.
However, not many people were paying attention to Bankman-Fried’s gross malfeasance because he was the second-largest Democrat donor during the 2022 election cycle.
The buying of Democratic politicians buys a lot of goodwill.
And it seems Bankman-Fried has strategically been buying off Democrats.
Independent journalist Michael Shellenberger wrote, “[i]n the spring of 2022, Sam Bankman-Fried, the founder of the bankrupt crypto exchange FTX, made Chicago its U.S. headquarters, drawing the applause of the city’s mayor…The reason FTX.US chose Chicago was, in part, to use the city to pilot a cash giveaway program aimed at poor African American residents. FTX was essentially contributing to two ‘guaranteed basic income’ programs, one run by a nonprofit called Equity And Transformation (EAT), and the other by the city. Ostensibly a charitable exercise, the program, which FTX also ran in Florida, expanded the market for FTX’s app, and appears to have been a crucial part of a public relations and lobbying effort aimed at winning the support of Democrats for FTX’s agenda to effectively regulate itself.”
Bankman-Fried’s plan worked hook, line, and sinker.
Far-left Chicago Mayor Lori Lightfoot happily exclaimed at a ribbon-cutting ceremony for FTX headquarters, “This is a mechanism and a tool to bring traditionally underrepresented and ignored populations into the world of crypto so they can take ownership and control of their own financial destiny…I think the sky is the limit.”
After Bankman-Fried’s corruption blew up in his face, he shockingly admitted in a Vox interview, “It’s what reputations are made of, to some extent…I feel bad for those who get f*cked by it. [B]y this dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.”
Bankman-Fried knows which woke “shibboleths” to recite, and he knows which bread to butter.
Shellenberger added, “Bankman-Fried was the second largest donor to both President Joe Biden in 2020 and to Democrats in 2022, after George Soros. There is abundant evidence that Bankman-Fried’s donations bought influence. After Bankman-Fried testified in May to a Congressional committee chaired by Rep. Maxine Waters (D-CA), she blew him a kiss. The episode is a cautionary tale about how powerful financial interests use progressive social justice ideology to advance their business interests at the expense of the communities they claim to be helping.”
— Alan (@Alan_Path) December 2, 2022
Bankman-Fried has yet to be subpoenaed by the House Financial Services Committee.
With Waters blowing him kisses, it’s easy to see why.
Lightfoot and her Democrat cronies are raking in the dough while the communities they claim to represent are struggling more than ever.
Stay tuned to Blue State Blues for more updates to this ongoing story.
