The 11 Juiciest Parts From Sam Bankman-Fried’s
Draft Testimony To Congress
Posted By: Dreadnought, 12/13/2022 11:20:56 AM
During Forbes’ interview with Sam Bankman-Fried on Monday he spoke about the extensive preparation he was doing to ready himself for today's House Financial Services Committee hearings on the collapse of his crypto exchange FTX. You can read his full prepared testimony here. On Monday afternoon Bankman-Fried was arrested by Bahamian authorities and is expected to be extradited to the United States. Forbes obtained a draft of the full testimony SBF was set to give before Congress. Here are the key takeaways. Bankman-Fried is being ghosted by FTX’s court-appointed CEO John Ray “I have sent five emails to Mr. Ray. Mr. Ray has never responded, nor has he reached out to me
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I know this is a contrarian take, but stick with me here.
A lot of noise was made about a fusion energy breakthrough, but I hate to tell you that for all the hoopla the results they announced were actually a big dud. I know, I know. We all desperately want fusion energy to be the next big thing. And we should want that, because the promise of the technology is nearly beyond comprehension. While it will never be “too cheap to meter,” because the costs for building a fusion plant will still have to be paid for and harvesting the fuel will never be free, fusion does promise
The Donald to the rescue? Former President Donald Trump teased an upcoming announcement with a superhero-themed video Wednesday, baiting his Truth Social followers with a promise of a major announcement the following day.
In the 15-second clip, the 76-year-old Trump told viewers that “America needs a superhero!” Fantastical music blared as the screen cut away to an animation of the former president posing like Superman in front of Trump Tower, tearing open his business suit to reveal a chiseled T-logo bodysuit and laser-like eyes.
He’s making all the right moves. Senator Tim Scott’s colleagues are voicing their support for him to throw his hat in the ring in the GOP 2024 presidential primary. It’s an interesting idea.
Senator Scott (R-SC) is receiving support from mainstream Republicans like Joni Ernst (R-IA) and John Barrasso (R-WY) and even fellow South Carolina Senator Lindsey Graham is waiting to see “what Tim does” before he makes any endorsements. Graham basically attached himself to the hip of Donald Trump so that’s a bit of a surprise. Trump has already announced his candidacy. Only one senator has endorsed him so far – Senator Tommy Tuberville.
On Wednesday, Elon Musk announced that any account doxxing people in real time would be suspended“Any account doxxing real-time location info of anyone will be suspended, as it is a physical safety violation,” Musk said. “This includes posting links to sites with real-time location info.” If the information wasn’t real-time, he said that was okay. “Posting locations someone traveled to on a slightly delayed basis isn’t a safety problem, so is ok.”
He followed that up shortly thereafter, explaining how his family had been followed by a “crazy stalker” on Tuesday night who thought he was in the car. But the car contained Musk’s toddler son.
Speaking on the House floor Wednesday, Republican representative Chip Roy urged Senate minority leader Mitch McConnell to put the brakes on major spending packages until the new GOP House majority can weigh in next session.
“I’m looking at Mitch McConnell when I say this: do your job, Leader McConnell! Do your job and follow the wishes of the American people who gave a majority to Republicans in the House of Representatives,” Roy said. “And let’s STOP this bill”. A number of House Republicans including Roy have spoken out vehemently against the omnibus spending bill currently pending in the House, which Reuters reported could be about $1.5 trillion.
The Washington Post Guild went into Wednesday’s town hall with a plan Anticipating that publisher Fred Ryan wasn’t going to take live questions—he wasn’t so happy the last time he was publicly confronted by a staffer in such a forum—they’d crowd-sourced a list of questions in advance and got more than 70 staffers to send a version of these questions to HR, according to a member of the Guild. The Guild had 10 designated questioners who would pop up during the Q&A portion of Wednesday’s town hall. But when that time came, after an hour-plus meeting of presentations for various initiatives, like the Post’s climate coverage and David Shipley’s plans
Oregon governor Kate Brown said Tuesday that the state’s 17 death-row inmates will be spared execution and will instead have their sentences downgraded to life in prison without the possibility of parole.
“I have long believed that justice is not advanced by taking a life, and the state should not be in the business of executing people — even if a terrible crime placed them in prison,” the outgoing Democratic governor said in a statement.
She added: “This commutation is not based on any rehabilitative efforts by the individuals on death row. Instead, it reflects the recognition that the death penalty is immoral. It is an irreversible punishment
Joe Biden is the oldest president to ever hold office, recently turning 80 years old and staring down the barrel of an unprecedented re-election bid.
In the midst of that, his health has become an issue for voters, who consistently place it as a concern when polled, and that concern is backed by plenty of evidence. Biden has routinely given public appearances where his senility shines through like the rays of a thousand suns. He’s not okay, and the older he gets, the worse he gets. But according to a new report, the president has no intention of accepting that reality. Instead, he’s apparently launching into profanity-laced tirades
Remember the Trump years? Back then we were told the administration, like its head, President Donald J. Trump, was deeply unserious: impulsive, ignorant, possibly corrupt and always vulgar. All in all, a disgrace to the hallowed history of American government.
One argument for electing candidate Joseph Robinette Biden was that a Biden administration would restore normalcy to Washington. Instead of crazed, self-obsessed MAGA performers, a Biden team would be made up of sober, sensible establishment types. Boring, perhaps, but not crazy. The problem with that argument, it turns out, is that our establishment nowadays isn’t sober or sensible or boring. In fact, it’s kind of, well, crazy.
A Disney investor claimed the Mouse House created a “far-reaching” financial risk for itself by opposing Florida’s controversial so-called “Don’t Say Gay” bill, according to a new lawsuit.
The 22-page suit filed late Friday from investor Kenneth Simeone demands that Disney turn over its internal records about its opposition to the law limiting instruction on sexual orientation or gender identity in elementary schools. By criticizing the law, Disney lost control over tax and improvement issues on the Orlando-based theme park, the suit said. “The financial repercussions from Disney’s actions, and resulting harm to the company and its stockholders, have been swift and severe,”
Sen. Joe Manchin (D-WV) stated Monday he will consider leaving the Democrat Party ahead of a heated 2024 Senate reelection bid.
“I’ll look at all of these things. I’ve always looked all [sic] these things but I have no intention of doing anything right now,” Manchin commented, according to the Hill. Manchin left open the possibility he might follow Sen. Kyrsten Sinema’s (I-AZ) decision to leave the Democrat Party ahead of his election but said that decision will come in the future. “Whether I do something later, I can’t tell you what the future’s going to bring. I can only tell you where I am
Florida Gov. Ron DeSantis (R) on Tuesday announced his decision to petition Florida’s Supreme Court to impanel a grand jury tasked with investigating any “wrongdoing” related to the vaccines for Chinese coronavirus.
“Today, I’m announcing a petition with the Supreme Court of Florida to impanel a statewide grand jury to investigate any and all wrongdoing in Florida with respect to the COVID-19 vaccines,” DeSantis announced during a “Public Health Integrity Committee” roundtable discussion on Tuesday.
The governor added that they “anticipate that we will get approval for that.”
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Newsom says California about to 'break'
amid flood of illegal migrants when Title
42 expires 34 replies
amid flood of illegal migrants when Title
42 expires 34 replies
Democratic Gov. Gavin Newsom of California warned Monday that President Biden's plan to reverse former President Donald Trump's border policies could "break" his state. The Biden administration is planning to lift the Trump-era Title 42 policy, which allows police and border officers to expedite the expulsion of illegal immigrants.
Newsom, speaking to ABC News on Monday, said, "The fact is, what we’ve got right now is not working and is about to break in a post-42 world unless we take some responsibility and ownership." "I'm saying that as a father," the governor added. "I'm saying that as someone that feels responsible for being part of the solution and
Sen. Joe Manchin (D-WV) stated Monday he will consider leaving the Democrat Party ahead of a heated 2024 Senate reelection bid.
“I’ll look at all of these things. I’ve always looked all [sic] these things but I have no intention of doing anything right now,” Manchin commented, according to the Hill. Manchin left open the possibility he might follow Sen. Kyrsten Sinema’s (I-AZ) decision to leave the Democrat Party ahead of his election but said that decision will come in the future. “Whether I do something later, I can’t tell you what the future’s going to bring. I can only tell you where I am
An odd moment between Joe and Jill Biden has lit up social media, after she appeared to hand him a mystery object ahead of his big speech celebrating the signing of the Respect For Marriage Act.
Biden, 80, who has faced much scrutiny for both his age and gaffes, immediately ate whatever his wife Jill gave him before his speech to celebrate the bill protecting same-sex and interracial marriage at the White House.
The City of Denver continues to call on nonprofits and religious groups to help out as it struggles to meet the needs of migrants. They are arriving by the dozens this month, and it's likely this is just the beginning. The city says 600 migrants have arrived in Denver in the recent months. Right now more than 150 are being accommodated at the city's emergency shelter. A total of 48 others have been relocated to a church-run shelter, and another 52 migrants arrived earlier this week at local homeless shelters. The city's main focus now is getting those who need
Oregon governor Kate Brown said Tuesday that the state’s 17 death-row inmates will be spared execution and will instead have their sentences downgraded to life in prison without the possibility of parole.
“I have long believed that justice is not advanced by taking a life, and the state should not be in the business of executing people — even if a terrible crime placed them in prison,” the outgoing Democratic governor said in a statement.
She added: “This commutation is not based on any rehabilitative efforts by the individuals on death row. Instead, it reflects the recognition that the death penalty is immoral. It is an irreversible punishment
The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities.
Reuters first reported in July the planned loan to Ultium Cells LLC from the government's Advanced Technology Vehicles Manufacturing (ATVM) loan program.
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan, supporting 6,000 construction jobs and 5,100 operations jobs at the three plants.
U.S. Energy Secretary Jennifer Granholm plans to tout the closing of the Ultium loan on a visit to Michigan on Monday with Labor Department Deputy
President Joe Biden has reportedly resorted to expletives when he became frustrated at the discourse around his age, as Democrats continue to speculate if he can run for re-election in 2024.
Biden, who turned 80 in November, would be 82 years old if he wins and takes office in 2025. He is already the oldest man ever elected president of the United States.
Though he was prone to gaffes long before he became president, he has given some reason for concern as he occupies the Oval Office.
Some of the more worrisome mistakes have included Biden repeating that his son Beau, who died of cancer, perished while serving in Iraq;
President Joe Biden attacked the 'extreme' Supreme Court for threatening rights and vowed to protect transgender children under threat from 'cynical' Republican laws as he signed a bill protecting same-sex and interracial marriage at a White House ceremony with Cyndi Lauper and Sam Smith.
In front of a crowd of drag queens and LGBTQ rights supporters, he went after GOP-led efforts to have the government intervene in gender-affirming care for minors - which have risen 13-fold in the last decade according to a recent study.
'We need to challenge the hundreds of callous and cynical laws
The White House on Monday announced $55 billion in economic aid, health care, and security support for Africa.
President Joe Biden hosted a meeting for African leaders that began on Tuesday, during which the White House promised more details of the massive benefits package would be divulged.
“Working closely with Congress, the U.S. will commit $55 billion to Africa over the course of the next three years across a wide range of sectors to tackle the core challenges of our time,” White House National Security Adviser Jake Sullivan told reporters on Monday.
The Washington Post Guild went into Wednesday’s town hall with a plan Anticipating that publisher Fred Ryan wasn’t going to take live questions—he wasn’t so happy the last time he was publicly confronted by a staffer in such a forum—they’d crowd-sourced a list of questions in advance and got more than 70 staffers to send a version of these questions to HR, according to a member of the Guild. The Guild had 10 designated questioners who would pop up during the Q&A portion of Wednesday’s town hall. But when that time came, after an hour-plus meeting of presentations for various initiatives, like the Post’s climate coverage and David Shipley’s plans
FTX Founder Sam Bankman-Fried Denied Bail
in Bahamas After Arrest, Faces up to 115
Years in Jail 18 replies
in Bahamas After Arrest, Faces up to 115
Years in Jail 18 replies
Sam Bankman-Fried, the owner of the failed cryptocurrency exchange FTX, has been denied bail after his arrest in the Bahamas at the request of the U.S. government on Monday.
In a hearing that lasted more than three hours on Tuesday, Chief Magistrate Joyann Ferguson-Pratt ruled that Bankman-Fried’s $250,000 bail request would be denied on the basis that Bankman-Fried poses a flight risk because of his access to financial resources.
The judge ordered the 30-year-old to be remanded to a Bahamas correctional facility until Feb. 8, 2023.
The FBI may have may have violated the First Amendment by asking Twitter to moderate certain speech, as revealed in a recent "Twitter Files" release, constitutional experts tell Fox News Digital.
A Twitter Files installment released by Substack journalist Matt Taibbi last week revealed Twitter’s former head of safety, Yoel Roth, apparently attended weekly meetings with the FBI, the Department of Homeland Security and the Director of National Intelligence about moderating misinformation ahead of the 2020 election.
In October 2020,