RETHINKING – DECEMBER, 17, 2022 - DIRTY POLITICAL BUSINESSES

The collapse of FTX motivated the journalists of The Wall Street Journal to learn more about the anti-hero Mr. Sam Bankman-Fried (SBF).

In an opinion column titled "Sam Bankman-Fried’s Dirty Political Donations", the columnist Kimberley A. Strassel analyzed the political "donations" of the co-founder of FTX.

"According to OpenSecrets, SBF came in as the sixth-largest donor overall in this midterm cycle, and the second-largest donor to Democrats. Only George Soros gave more. SBF dumped close to $40 million into political-action committees, outside groups and individuals."

"SBF gave money to 50 Democratic House and Senate candidates and eight Republicans, and several have already announced they’ll direct their donations to charity. "

After reading the column, I posted a series of comments in the blog section of the WSJ ONLINE that received the approval of other members of the community.

These were my comments:

"It is evident the "good intentions" of Mr. Sam Bankman-Fried were not good intentions."

"Really, the "donations" were not donations. They were the payment in advance of the influences he was buying."

In summary, "The co-founder of FTX tried to buy the "protection" of the political elite. This is nothing new between corrupt businessmen and politicians."

SOURCES: The Wall Street Journal