FTX Founder Sam Bankman-Fried: “I’ve had a bad month” 12/01/22
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 1 December 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Bring in show music please. |
| 0:02.6 | Hi there, I'm C. N.C. producer Cameron Costa. |
| 0:07.4 | Today on Squack-Pod, the interview heard on Wall Street, Main Street, and pretty much every virtual street there is. |
| 0:16.0 | Sam Bankman Freed, disgraced but speaking out at the New York Times Dealbook Summit. |
| 0:22.8 | I mean, look, I've had a bad month. |
| 0:25.4 | This has not been a funny thing, but that's not what matters here. |
| 0:29.7 | What matters here is the millions of customers. What matters here is all the |
| 0:34.9 | stakeholders in FTX who got hurt. |
| 0:37.1 | Highlights from his candid sit down with our own Andrew Ross |
| 0:41.6 | Sorkin plus a debrief with Becky Quick and Joe Kernan. |
| 0:45.8 | So I think he's sorry? |
| 0:46.5 | I do think he's sorry. |
| 0:47.3 | That part I absolutely... |
| 0:48.3 | I think he's sorry he got caught. |
| 0:49.2 | There's two ways you can come at this. |
| 0:50.6 | Either you're an idiot or a criminal for what happened with the |
| 0:53.6 | eight billion dollars missing clearly went with the I'm an idiot. |
| 0:56.5 | And on the brink of a railroad strike, Transportation Secretary Pete |
| 1:01.7 | Buttiges on averting a logistical disaster. |
| 1:05.0 | There are not enough trucks, not enough barges, not enough ships in this country to make up for the consequences |
| 1:11.0 | if we didn't have freight rail. |
| 1:14.0 | So it's Cryptos Crunch, a red-hot railway crisis, |
... |
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