Name: How Sam Bankman-Fried Gained So Much Influence and Met with the President
Uploaded: 2023-01-11T18:12:38.000Z
Description: Watch the stand-up comedy video 'How Sam Bankman-Fried Gained So Much Influence and Met with the President' from PowerfulJRE on Comedy Buff. Published 2023-01-11. Transcript available.

Watch the stand-up comedy video 'How Sam Bankman-Fried Gained So Much Influence and Met with the President' from PowerfulJRE on Comedy Buff. Published 2023-01-11. Transcript available.

The Joe Rogan experience they brought him in the White House brought him in to
talk about the pandemic
Apparently what this is general information. They said they're asking about so
if you can fucking ask someone about the pandemic
Would it be that guy on the right?
I mean, I would love to see a conversation between the guy on the left
Biden and the guy on the right the guy on the left is making up words the the
guy on the right is on an amphetamines
Come on, man. Come on, man. Press Secretary John
Karine Jean-Pierre conceded that four meetings may have also
covered general information about crypto
between
Senior Biden officials were about the pandemic like what? Yeah, what could that
fucking young kid doing speed fucking his neighbors?
Well look that here's the thing a nobody in the White House really understands
crypto to begin with right? It's it's
Seems like very few people understand crypto
Really but but it just in terms of looking at this guy's
Situation
It's like with Bernie Madoff if you had gone and if someone had taken the time
early days with Madoff said I'm gonna go visit
You know some basics. I'm gonna go look where his accountant sits. Oh, really
he's sitting in a fucking small office in a strip mall
And yet this guy's supposed to be, you know king of the world at this
How about these guys you know what they were using?
Quick books oh, yeah, yeah, yeah, they were using quick books the shit that
like a guy uses if he has a fucking small bookstore
Yeah, they're using that you just I mean you compile information and maybe one
or two pieces of it like okay?
You look at the guy and go this guy doesn't look like a rocket scientist and
and you know his lifestyle
You look at lifestyle issues. Maybe they're bizarre, but you compile as much
information about the entire apparatus as possible
And I would argue that anybody in their right mind if they had taken the time
to do significant due diligence would have stepped back and said oh
No, no, not doing this guy, you know, I don't care how many celebrities he's
got put in there and
You know anything was going after celebrities for a reason just like your name
over an arena or you're right because it gives you fucking credibility
The same reason why he's donating so much money
Yes, and and you know the donations anybody who thinks he wasn't doing that to
exert leverage or to gather information, you know
Again naive ignorant, you know, whatever. Well his mother was a big-time
Democratic operative, too, right?
Yeah, so that was probably part of his connection
Yeah, it's just it's a shame because you know a lot of people were hurt, you
know, whether they claw that money back or not millions of people
Yeah, and you know some of the some of the folks in the Democratic Party are
saying well
We're gonna give some money back, but how it's gonna be yeah
Where's the money? Where's it coming from if it if the money's all nonsense?
Which is what a lot of crypto is it once it collapses it's nonsense. There's no
legitimate assets, right?
Right, and then you have to also ask yourself and I think you know some of the
there's some coverage
I think there's gonna be more talking about the nature of trading
Again, you know wash trades are illegal in the financial industry for a reason,
right?
But explain wash trades again
It's um
What's the way to it's like okay, it's like with my my book, you know, you
might have heard about my book
I heard about it. Yeah, it's being released on the 18th of January on Scribd
How does this have to do with anything or you just I'm gonna tell you I'm gonna
tell you if I if I really was desperate
And I said I really want my book to become a bestseller
Well, one of the things I could do is I could set up I could set up a bunch of
fake accounts on
Amazon or wherever and then I could put money into those all those different
accounts
And then I could start buying up my book
I know someone who did that you did. That's that's a what it's in a sense. That's
a wash trade
Is that you're on both sides, right? Uh, it's illegal in the financial industry,
but so you remember crypto is
What is this? It's not a currency. It's a it's a it's a it's a piece of
property. It's a you know, so it's
They haven't decided they're still trying to figure it out, right
Which again, I would argue is one of the reasons why you know spf was putting
money into politics
You know if you can get ahead of the game, I'll tell you as an example as
You know, there's a reason why I'm telling the story
Early days of Iraq i'm talking like 2003 2004 2005
um
My company had you know a lot of people there because we were supporting
security operations for a lot of the infrastructure companies
You know and so they're out there trying to rebuild parts of the country. They're
doing things
Well, they've got to have security and they've got to have people handling a
variety of problems for them
So we had gotten out there very early. We were out there in early 2003 right at
the very beginning and
uh
It didn't take long
You know at first there was several months where it was relatively peaceful
Shit started hit the fan out there in about september of 2003 right really
started going south and then it started getting violent and there's
2004 2005 the security business in iraq just
Ballooned right suddenly you couldn't swing at that cat without hitting another
security company
They just popped up out of nowhere, you know, you'd be out there and say who
are you guys with and they'd say some company
You'd never heard of right and just put together because people saw opportunity.
I'm gonna get some government contracts, right?
I'm gonna come to work for these companies
I'm gonna do this and they were pulling people who had no business being out in
a hostile environment right and providing security
um
So then they started having problems there were all sorts of issues well
We started thinking okay, this has got to get regulated, right?
State department and and pentagon they're going to come in and they're going to
so no
We've got to regulate the private security industry that's operating out here
We know we need it
But it's just unregulated so we're going to do so
As part of that once we realized that was going to happen
We got together with some of the more reputable security firms that are
operating there
We said let's form an association
Right so that we can get ahead of the curve
Right and we can help define what the regulations are for these security
companies that are out there operating
It's in our best interest, right?
And I would argue it's no different than what you know sbf was doing you know
kind of spreading the cash around
So that he can understand where the regulations were going to come from and he
could get ahead of the curve and and you know, so
Hey from a intel perspective, you know bravo. That's the right intuition
But uh again, he didn't recognize his vulnerabilities
Didn't recognize his vulnerabilities