Not on the Advice of Counsel

“[Bankman-Fried] said he was speaking publicly against the advice of his lawyers, who have instructed him to keep quiet.”
https://www.nytimes.com/2022/11/30/business/sam-bankman-fried-ftx-collapse.html

Kid, in your own best interest, shut up. Apologizing and saying you made mistakes isn’t going to cut it. You learned the lesson that money talks with politicians, making it possible for you to play in the big leagues. You’re going to learn what the flip side of that lesson means.

Bogus SCOTUS

My retirement life is increasingly filled with YouTube and Podcasts. Is that better than being stuck on Facebook and Instagram?

Going all the way back to 2016, Radiolab has a spin-off podcast about the Supreme Court, called More Perfect. They recently reran this early installment about a decision from the time of JFK’s administration.

Crypto Grifto

In the wake of the revelations about the FTX debacle, Leo LaPorte goes on a justified tear against crypto currency.

Economist Paul Krugman, who sees crypto as a financial hideout for criminals, had some choice words recently.

But if the government finally moves in to regulate crypto firms, which would, among other things, prevent them from promising impossible-to-deliver returns, it’s hard to see what advantage these firms would have over ordinary banks.

https://www.nytimes.com/2022/11/17/opinion/crypto-banks-regulation-ftx.html

Speaking of Leo, this next video will start with a bit of Santa twin Scott Wilkinson, the Home Theater Geek, who I have followed for some years. After Scott, Leo has a caller. Keep listening until you realize who it is, or you reach the reveal.

Sam Alito, Partisan Hack

Supreme Court Justice Samuel Alito is a smug, self-righteous SOB. He is completely lacking in empathy for anyone not conforming to his view of how people should live their lives. This is a good commentary on the New York Times article I read last Saturday.

The unfettered and lucrative sucking up, lobbying, and currying of favor—and the attendant rewards—are all recast as harmless socializing.

https://slate.com/news-and-politics/2022/11/alito-leak-hobby-lobby-real-problem.html

These religious hardliners aren’t Christians. Their viewpoints are based entirely on cherry-picked selections taken from the Old Testament.