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“…Customer withdrawals had surged last Sunday after Changpeng Zhao, CEO of giant crypto exchange Binance, said Binance would sell its entire stake in FTX’s digital token, worth at least $580 million, “due to recent revelations.” Four days before, news outlet CoinDesk reported that much of Alameda’s $14.6 billion in assets were held in the token.
That Sunday, [Sam] Bankman-Fried held a meeting with several executives in the Bahamas capital Nassau to calculate how much outside funding he needed to cover FTX’s shortfall, the two people with knowledge of FTX’s finances said.
Bankman-Fried confirmed to Reuters that the meeting took place.
Bankman-Fried showed several spreadsheets to the heads of the company’s regulatory and legal teams that revealed FTX had moved around $10 billion in client funds from FTX to Alameda, the two people said. The spreadsheets displayed how much money FTX loaned to Alameda and what it was used for, they said.
The documents showed that between $1 billion and $2 billion of these funds were not accounted for among Alameda’s assets, the sources said. The spreadsheets did not indicate where this money was moved, and the sources said they don’t know what became of it…”
Think of all the woke gen-z that lost their stimulus checks and college loan payments that they invested in FTX crypto currencies
— The Daily News Opinion 📰 (@TheDailyPretzel) November 13, 2022
Related:
Collapsed cryptocurrency exchange FTX had ties to Ukrainian government, WEF, and top Biden adviser
Related:
“…From neopaganism to cryptocurrency cults, the Internet today is full of strange quasi-faiths…”
Biden called the Prime Minister of Cambodia “the Prime Minister for Colombia"
— Benny Johnson (@bennyjohnson) November 12, 2022
Half the country is unable to see this or admit it for what it is.
Related:
New York can’t teach kids to read on $30,000 a year. From Reason TV
.@LeaderMcConnell has got to go! Here is the breakdown of money spent in some battleground senate seats:
AZ – Masters $9m vs Kelly $73m
GA – Walker $32m vs Warnock $76m
NV – Laxalt $12m vs Cortes $47m
NH – Bolduc $2m vs Hassan $36mAmericans deserve an America First Leader!
— Lou Dobbs (@LouDobbs) November 10, 2022
Related:
The old party is dead. Time to bury it. Build something new
— Josh Hawley (@HawleyMO) November 13, 2022
You really have to work hard to be this removed from reality.
“…Bankman-Fried has been looked at by many in Silicon Valley as a 30-year-old prodigy who, just over a month ago, investor Sequoia Capital theorized could be the world’s first “trillionaire.” Over the course of this week, FTX has very publicly and very fantastically begun to implode…
…Bankman-Fried basically chalked this catastrophic error up to a mistake, and said it was a learning experience, He went on to explain that this situation “sucks, and that’s on me. I’m sorry.”…
…Bankman-Fried is a face of the “effective altruism” movement championed by many rich people in Silicon Valley, which basically posits that it is good for society for individual people to make as much money as possible in order to eventually donate that money. He has received many glowing profiles as a would-be do-gooder who only wears pants “in front of Congress” and donates a lot of his money…”
Brían Nguyen, 19, becomes first transgender contestant to win a local Miss America Organization beauty pageant.
Nguyen was crowned "Miss Greater Derry."https://t.co/7iJBnx0rfu
— Citizen Free Press (@CitizenFreePres) November 10, 2022
A smile for your timeline.. 😊
🎥 IG: babydollsheepuk pic.twitter.com/83FT3bBLOE
— Buitengebieden (@buitengebieden) November 10, 2022
“…WASHINGTON, D.C. — Amid record discontent around the economy, inflation, and education, the Republican Party has narrowly managed to stave off what many thought would be a record-breaking red wave.
“This was a close call,” said one Republican leader in Washington. “We were worried that we would achieve massive victories tonight, but we thankfully snatched defeat from the jaws of victory to achieve a much more proper and sensible red trickle, like the proper gentlemen we are.”
Some Republicans achieved major victories, which were largely ignored by party leadership due to the fact that those Republicans were loud and icky “MEGA-MAGA” culture warriors. “Ron DeSantis won by double digits, and frankly, we find that quite uncouth,” said a D.C. consultant while holding up a glass of red trickle victory champagne. “Everyone knows the key to being a good Republican is to muddle your message and make it really squishy so no one knows what you stand for and everyone will like you. Duh!”
Everyone in the room then golf-clapped politely.
At publishing time, Republican strategists were researching ways to keep their power in D.C. without achieving so much power that they’d actually have to become compelling leaders…”
“…What was the determinative fix in the 2022 midterm elections? Early, mostly mail-in, voting. It is perfectly legal. But it undermines a fair and open electoral process. Were I a Democrat, I might even say that it “threatens our democracy.” Why? Because it allows for the wholesale manipulation of the vote. It also dilutes the integrity of an election by transforming it from an event into a process.
I should add that “mail-in ballots” is an equivocal term. It can mean different things in different contexts and in different states. The practice is obviously open to more interference and manipulation than same-day voting is. So extra safeguards must be put in place and scrupulously followed if such interference and manipulation is to be avoided. Some states do this. Florida is a good example. Other states do not. Apparently, about 1.4 million people asked for mail-in ballots in Pennsylvania. Around the same number voted early by mail in Arizona, compared to just shy of half a million on Election Day. Were all such ballots carefully checked to ascertain the identity and eligibility of the person casting the vote?
I doubt it, but let’s leave that question to one side. The real issue is that the wholesale practice of early or mail-in voting makes a mockery of elections. If you say that an election is to be held on November 8, but millions of ballots are already docketed, if not actually counted, by the time November 8 rolls around, why bother to have Election Day at all? Why not have Election Week, or Election Month, or Election Quarter?
Elections are meant to represent a particular decision made at particular time at which voters can assess the state of things at that moment and make their choice. Early and mail-in voting undermines the definitiveness of that practice. I suspect that in many cases the result of an election is essentially predetermined by early and mail-in voting, something that makes the very idea of Election Day superfluous…”
BREAKING: A federal judge rules that President Biden's plan to cancel hundreds of billions of dollars in student loan debt is unconstitutional and must be vacated https://t.co/8BXsNP8wEm https://t.co/8BXsNP8wEm
— Reuters (@Reuters) November 11, 2022
