#MrMarket: Will the politicos return the FTX contributions? Richard Epstein, Hoover
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 4 January 2023
⏱️ 8 minutes
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@Batchelorshow
#MrMarket: Will the politicos return the FTX contributions?
Richard Epstein, Hoover
https://www.bloomberg.com/news/articles/2023-01-03/bankman-fried-s-not-guilty-plea-sets-up-path-to-fraud-trial?srnd=premium&sref=5g4GmFHo
Transcript
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| 0:00.0 | This episode is brought to you by Slack. With Slack, you can bring all your people and |
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| 0:35.0 | This is CBS I in the world. I'm John Batch. They're visiting with Professor Richard Epstein |
| 0:38.5 | at the Hoover Institution. He writes for defining ideas. He teaches law at NYU in the University |
| 0:44.0 | of Chicago and does me the favor to comment on a case he hasn't yet written about, but it's |
| 0:49.0 | a puzzle having to do with campaign finance laws in the recent indictment from the Southern |
| 0:53.7 | District of New York. I believe it was the eighth indictment, have to do with campaign |
| 0:58.8 | finance laws, and to do with giving money, large amounts of money that was obtained so |
| 1:06.2 | far, the allegation is illicitly by the FTX exchange that then was used as the quote from |
| 1:17.8 | the bankruptcy CEO, a personal piggy bank of Sam Bankman-free. I'm concerned with what |
| 1:25.4 | about this philanthropy that Bankman-free and many of his colleagues practice these two |
| 1:31.3 | years of their business. What that means for campaign finance laws. Richard, as I understand |
| 1:38.3 | it there, we're talking about tens of millions of dollars by Bankman-free and others of |
| 1:43.5 | his other colleagues, given to conservatives, to liberals, to both parties. Dominantly, |
| 1:50.3 | Bankman-free, however, contributed to the Democratic Party. The big question here is, as a recipient |
| 1:57.8 | of donations during the campaign season or in between packs that are favorable to one |
| 2:04.0 | position and not another, as a recipient, do people keep committees or professionals |
| 2:09.5 | or do they hire professionals to know their donors? The way banks have to hour held responsible |
... |
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