Micheal Lewis became friends with SBF and his family and went out to dinner with them on multiple occasions. The parents were actively involved in the fraud by helping direct fraudlent funds to politicians and political causes. The parents were also given a $15M home in the Bahamas and charged home services and purchases of household funishings to FTX. The father took a leave of absense from his job at Stanford and was paid a $1M salary by FTX. Most of his time was spent figuring out ways for FTX to avoid taxes. SBF's mother actually wrote a book proclaiming that criminals are not responsible for their crimes and shouldn't be published. "Going Infinite" was originally supposed to be a bio of SBF but once it became apparent that SBF and FTX were frauds, the book failed to accurately cover what happened. This was either due to bias or laziness on the part of Micheal Lewis.

Give a "verified buyer" review

Return it!!!

It was proven in the court by a string of emails and testimonies from SBF's lieutenants. Michael didn't have access to those when he was writing the book.

@@tiararoxeanne1318then don't write a whole narrative with nothing to support those claims

@@thlin What claim are you talking about here?

@@tiararoxeanne1318 the revelations from the trial, plus the immediate guilty verdict, should really tank the sales of his book. If I bought one, I would be demanding a refund asap.

sam is special. if anyone else did it , then its justifiable. Character and intent first approach.

@@elementred2359 Sam is going to be real special in prison ;)

Shame…I no longer take his journalism seriously and cast doubt on his earlier works….so disappointing.

He's a woke thief.

I don't know if I can read any of him books from this point on. Will re-read Moneyball one day though. What a book!!!

You left out the participation of Ontario Teacher's Pension Fund (300 billion), Stanford and MIT. This was a scripted plan by the Dep. of Dis-edu. The objective is total destruction of the economy. Trump's Lockdown and dispersion of $8.3 TRILLION to digital cutouts and PPP, was the opening gambit. Theranos was to play a major role in the "Pandemic", but had to be discarded, (That is how Theranos got so far). Theranos and SBF are part of the same script. The continued success of Indian Scammers is also part of the income redistribution.

A person's overarching intentions are paramount when evaluating their conduct. The problem is that we are terrible at it. We prefer to judge others based on how things appear to us as they are happening, using the most convenient reasoning coupled with an emotional reaction. This is rarely accurate, and the more we take action upon the conclusion we've drawn , the more difficult it is to see let alone accept any other possibilities. If we had all known the purpose of FTX and it's founders ahead of the events that led to it's bankruptcy, it would be journalists at a now defunct company named Coindesk that were just convicted, not Sam..... because everything Sam did would have been seen in a different light. We would know better than to assume a narrative of theft and personal enrichment. A team of 10 prosecutors trying to demonstrate their ability to convict, can make Mother Theresa look like Hitler.

You clearly didn't read the book.

@@mizzounyc Clearly, I did not - nor will I. Looking at the interviews that the author has done to promote the book, clearly the author lost his objectivity. Enjoyed Liar's Poker, enjoyed The Big Short, but I'm not going to bother with this.

How in the world can you critique a book you haven't read? If you had bothered to read it, before offering your opinion you would discover something I found just plain weird that isn't widely discussed: SBF is pretty substantially mentally impaired. The "quirks" people called eccentric paint a larger portrait of someone who has a narrow band of intelligence re: Math ability, but the fact that no one placed any guardrails on someone who clearly has substantial mental deficits and his bizarre behavior(nonstop lying included that is extensively documented in the book) get chalked up to being eccentric genius is kind of wild. @@sdh41

Exactly. His father is an expert in compliance. He should have warned his son instead of participating in the scheme.

LOL Michael Lewis didn't even rewrite most of his SBF hagiography after the downfall. What a joke.

@@fyt54321 also the way he defended SBF on the question of losing customers funds by simply saying that money was of speculators. I didn't lose a dime but I can feel the pain of people losing their yrs of hard earned cash, life savings and now the depression and anxiety they might be going through.

Michael Lewis NEVER really discusses anything, he's ALWAYS right... ... ...

No need to think it, we know it.

they were all adults

An Apologist always. Always. The thing is it has begun to smell. Then again his subjects smell bad, but Lewis tries to spray perfume all over them. They still stink.

I think he displayed the ethics of the modern Elite universities in America. His parents gave him guidance, just the wrong type.

You left out the participation of Ontario Teacher's Pension Fund (300 billion), Stanford and MIT. This was a scripted plan by the Dep. of Dis-edu. The objective is total destruction of the economy. Trump's Lockdown and dispersion of $8.3 TRILLION to digital cutouts and PPP, was the opening gambit. Theranos was to play a major role in the "Pandemic", but had to be discarded, (That is how Theranos got so far). Theranos and SBF are part of the same script. The continued success of Indian Scammers is also part of the income redistribution.

It's not hard to understand what went wrong. He setup an exchange without proper governance and controls that befit handling other people's money. He then allowed his hedge fund to take other people's money that should have been sitting in client accounts at the exchange and gamble with it. When the gambling went bad, he had a hole he couldn't fill at the exchange. This is very much like what happened at MF Global when their broker entity was allowed to use client funds at their clearing firm to back up bets Corzine was making in the bond market. When the bets turned against them, they had a hole in the place the client funds were. Arrogant leaders who don't want to take the time or make the effort to understand the reasons for control processes and control environments end up with these shitty outcomes for their clients.

@@timmurphy5736 My point was that readers of Michael Lewis’s book may not be able to connect the dots that you laid out because Michael Lewis chose not to give them enough information to do so. Only people who look at more information and have a financial / analytical background will figure things out. I wonder if Michael Lewis himself is able to connect the dots on this.

@@slovokia Yes I see your point. My suspicion is that he doesn't want to because they are not sexy dots that will sell books.

You ignore the institutional graft and human perversity of the parents of Caroline and Sam. These people were mentors of the highest status, working their lives at top educational historical institutions. OTPF started Sam off with $100 million, the trial is hiding the true scale of the conspiracy. Show me how Sam's and Caroline's parents are innocent!@@timmurphy5736

I agree completely. If the idiot had hired 5 people from the backroom operations of any wall street bank and empowered them to keep it straight, he could have avoided a lot of this.

Word on the All in Podcast from Chamath was that when he spoke to someone at FTX over the phone he advised that they get a board of directors and he was told to 'Fuck off.' @@timmurphy5736

Wait a few months to see what the sentence will be!

Prob of rolling a three on the first try)x(Prob of not rolling a three on the second try) + (Prob of not rolling a three on the second try)x(Prob of rolling a three on the first try) + (Prob of rolling a three on the first try) * (chance of rolling a three on the second try = 11/36 This covers all the outcomes where at least one three is rolled. (1/6*5/6) +(5/6*1/6) + (1/6 *1/6) = 11/36

At least one 3. Two 3s qualify

Oh, I thought you were going to say he fell in love with SBF 😁

It would be helpful if you could point out in what minutes he said the illogical things. Otherwise, you sound like a hater without proof, who ironically is showing as the one who illogical here.

I have an example, he said that Sam's problem was that people don't understand him. No one gives a shit if they understand him. They want their money back. He stole it. @@tiararoxeanne1318

The only thing on trial was the US judicial system. If SBF got let off it would have been a total miscarriage of justice.

There's' grown up wisdom,' and then there's 'accessory to a crime.' Big difference there. And SBF will have decades in prison to savor the spice of life his parents coached him into.