🚨 Political corruption on Wall Street 🚨
Sam Bankman-Fried “became a gamer,” not because of FTX or #Alameda . It was because “he had millions of dollars to give to the political system.”
Additionally, he said the intent was to corrupt parts of the system that he knew needed to be corrupted. This would allow him to continue with his “plan” without hindrance. Cuban said the problem was a lack of transparency, and Stewart agreed, stating:
“When I look at the intricate workings of Wall Street, it doesn't look much different from the shit that Sam Bankman-Fried pulled.”
He questioned “legalized corruption” in the United States. Cuban asked how #SBF and #FTX were different from “Congressional stock deals and the conflict of interest on Wall Street.”
Cuban agreed and said it makes no difference because “money buys power.” In the case of Elon Musk, he bought the platform [ #Twitter /X]; in the case of SBF, it bought politicians, he added.
Cuban went on to say, “It takes a couple of frauds to burst a bubble,” before adding:
“Now cryptocurrencies will act together, but we don't have the equivalent in government and politics. “Everyone is still corrupt.”