Why the FTX Crypto Scam Is a Tale As Old As Time
The Weekly Show with Jon Stewart
Comedy Central
4.5 • 7.5K Ratings
🗓️ 7 December 2022
⏱️ 61 minutes
🧾️ Download transcript
Summary
“Whatever fun name you wanna put on it, it’s the same damn thing we’ve seen over and over again.” David Dayen, executive editor of The American Prospect, joins us to discuss the spectacular rise and fall of crypto exchange FTX and its disgraced leader, Sam Bankman-Fried. We dive into the ways its collapse mirrors the worst failures of more mainstream markets, how SBF was able to use effective altruism as cover for garden-variety political influence, and why it’s a mess that the House Agriculture Committee ended up regulating exchanges like FTX. Plus, writers Henrik Blix and Jay Jurden stop by to talk about living in a golden age of grifts and teach Jon about the Liver King’s dirty secret.
Season 2 is now streaming on Apple TV+.
CREDITS Hosted by: Jon Stewart
Featuring, in order of appearance: Henrik Blix, Jay Jurden, David Dayen
Executive Produced by Jon Stewart, Brinda Adhikari, James Dixon, Chris McShane, and Richard Plepler.
Lead Producer: Sophie Erickson
Producers: Zach Goldbaum, Caity Gray
Assoc. Producer: Andrea Betanzos
Sound Engineer & Editor: Miguel Carrascal
Senior Digital Producer: Freddie Morgan
Digital Producer: Cassie Murdoch
Digital Coordinator: Norma Hernandez
Supervising Producer: Lorrie Baranek
Head Writer: Kris Acimovic
Elements: Kenneth Hull, Daniella PhilipsonTalent: Brittany Mehmedovic, Marjorie McCurry, Lukas Thimm
Research: Susan Helvenston, Andy Crystal, Harjyot Ron Singh, Deniz Çam
Theme Music by: Gary Clark Jr.
The Problem With Jon Stewart podcast is an Apple TV+ podcast, produced by Busboy Productions.
Transcript
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| 0:00.0 | I'm just going to be wandering around and just thinking like, |
| 0:02.1 | I should swing by, I should swing by there and get myself a plate of lockus. |
| 0:05.6 | Yeah. |
| 0:06.1 | Assuming it's going to be lockus. |
| 0:07.2 | I'm assuming this is a holiday party, not just a Christmas party. |
| 0:10.2 | You're sure? |
| 0:11.2 | Oh yeah, that is true. |
| 0:12.0 | You could be, you could say this is a request. |
| 0:14.3 | Can I design the appetizers? |
| 0:15.8 | 100%. |
| 0:36.2 | Hello everybody. |
| 0:37.2 | Welcome to the podcast, The Problem. |
| 0:39.2 | Uh, with me, John Stewart, the show, we got the problem with John Stewart. |
| 0:42.6 | It's on Apple TV plus season two is out now. |
| 0:45.1 | We got more new episodes early next year so you can check those out. |
| 0:49.2 | Today is a very, very special day. |
| 0:50.6 | It's well, first of all, it's December of the holiday spirit. |
| 0:53.7 | I think everybody is, is feeling it. |
| 0:55.8 | And in the spirit of the holidays, we're going to be talking to David Dayan. |
| 0:58.6 | He is the executive editor of the American prospect about the collapse of the crypto exchange, |
| 1:03.8 | FTX and how Sam Beckman freeds, networking and lobbying donations showed that he was actually |
| 1:11.0 | just part of the establishment corruption. |
... |
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