December 2, 2022

FLASHBACK: CNBC Thinks Sam Bankman-Fried Is the Second Coming of JP Morgan (Supercut Video).

Related: Media treats fraudster Sam Bankman-Fried with kid gloves because he was a Dem darling.

Just look at how his friends at The New York Times have treated him. In recent weeks they have tried to portray the collapse of FTX as — at the worst — a case of unfortunate mismanagement. The poor diddums billionaire boy just became too successful too fast. Problems are bound to happen. You know how it is.

This week the paper went one further. They actually hosted the fraudster at a New York Times event. Their description of him in the event program was “29-year old American investor, entrepreneur and philanthropist.” Well that’s one way to describe him. At the end of the event the moderator asked everyone to join him in applauding their guest and the audience dutifully did so.

Can anyone think of another example of this happening. Did Bernie Madoff get soft-soap articles about him after his fraud was discovered? Did he have invitations to major public events to put his side of the story after his ponzi scheme collapsed? Not that I remember. But Bankman-Fried has been given all the soft treatment possible. Now why should that be?

The answer would seem to be that he has been a huge donor to the Democrats as well as causes close to the Democrats’ hearts.

Well, that and the buckets of cash he showered upon a variety of leftist media outlets: Sam Bankman-Fried’s media outlets must come clean. “Putting it bluntly — every media organization that accepted funding from Bankman-Fried should come clean and offer full transparency as to the nature of their agreement with him and their financial arrangements. As Semafor’s Max Tani reported, these grants and their funding mechanisms have been put on hold. ProPublica announced that they had received ‘the first tranche of the $5 million grant in February of 2022. The remaining two-thirds of the grant are due, respectively by April 1, 2023 and by April 1, 2024.’ Happy April Fools’ Day indeed.”

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