Hello and welcome. You are listening to Patrick Boyle on Finance, a podcast exploring ideas from quantitative finance, examining events occurring in markets right now and financial history to see what lessons can be taken away, including interviews with some of the most interesting people in the world of finance. To learn more about the podcast, visit onfinance.org.

You know, I've been nice about Sam Bankman-Fried up until this point, but it appears that he's now

just trying to ruin my YouTube channel, and I'm losing my patience with him. I've videos with titles

like top five corporate frauds, top 10 bankrupt billionaires, top 10 craziest Ponzi

schemes and top 10 craziest rogue traders. And the comment sections of all of those videos

have filled up with people saying, but what about Sam Bankman Fried and FTX? It took me a very long time to make those videos have filled up with people saying, but what about Sam Bankman-Fried and FTX?

Took me a very long time to make those videos. I don't really have time to remake all of them.

And so he's essentially ruined a big part of my YouTube channel. On top of that, because of my most recent video on the collapse of FTX where I made the mistake of mentioning

the whole sultry woodnymph situation, which the mainstream media are possibly covering up

for some reason, the comments of that video are filled with fighting tribes of wood-nymphophiles

and wood-nymphobes. And I wasn't at all aware of these subcultures or the offence that I would cause them.

Then there's the New Balance people who've been hounding me on Twitter, because I mentioned

their god-awful shoes in last Friday's video.

So I'm not at all happy with what's been going on.

The other person who has up until now been uninvolved in this story. So I'm not at all happy with what's been going on.

The other person who has up until now been uninvolved in this story, who's possibly more frustrated

than I am, is John Ray the third, the new chief executive of FTX.

He's an insolvency professional who's been hired in to make order of the mess that is FTX and Alameda research.

John Ray III, or J.R.3, as his friends call him.

Okay, I made that up, but it's what I'm going to be calling him.

But J.R.3 has plenty of experience in cleaning up corporate messes. He oversaw the

liquidation of Enron more than 20 years ago and has described the FTX bankruptcy as the worst

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