The Parents Caught In The Middle Of The FTX Collapse
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 13 December 2022
⏱️ 15 minutes
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Summary
NPR's David Gura unpacks the charges and the ongoing investigation into Bankman-Fried's activities at FTX.
And Wall Street Journal reporter Justin Baer discusses the role Bankman-Fried's influential parents – the legal scholars Joseph Bankman and Barbara Fried – played in the rise and fall of FTX.
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Transcript
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| 0:00.0 | Sam Bankman-Fried has not exactly been quiet since the spectacular collapse of his company |
| 0:06.8 | FTX. |
| 0:07.8 | What are your lawyers telling you right now? |
| 0:10.8 | Are they suggesting this is a good idea for you to be speaking? |
| 0:15.4 | They're very much not. |
| 0:18.1 | That was Bankman-Fried talking to Andrew Ross Sorkin in a remote video interview last |
| 0:22.7 | month in front of a live audience at the New York Times deal book summit. |
| 0:27.6 | That was after he had already resigned as CEO of FTX after his cryptocurrency exchange |
| 0:33.7 | had declared bankruptcy. |
| 0:35.8 | And after news reports suggested that he had used customer deposits to make risky bets, |
| 0:42.6 | as Spf, as he is known, tried to paint a picture of naive optimism or at worst incompetence. |
| 0:49.6 | You know, I wasn't thinking about, I wasn't talking about what are the risks involved |
| 0:53.8 | with FTX. |
| 0:54.8 | I obviously wish that I'd spent more time dwelling on the downsides in less time thinking |
| 0:59.2 | about the upsides. |
| 1:00.6 | There was also an ABC News interview and a 32-part Twitter thread, but at a hearing in |
| 1:07.8 | front of the House Financial Services Committee on Tuesday, Bankman-Fried wasn't there |
| 1:12.8 | to tell his version of the FTX story. |
| 1:15.4 | What role, if any, should he play in FTX moving forward? |
| 1:20.0 | The role he's currently playing? |
| 1:21.6 | Zero. |
| 1:22.6 | That person talking right there is the new CEO of the company, John Ray, answering a question |
... |
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