Burying the Main Democrat Donor Angle in FTX Fiasco

The collapse of the cryptocurrency firm FTX could possibly be as huge a scandal for Democrats because the Democrats insisted the Enron debacle was for former President George W. Bush. The person who took over the wreckage of Enron is now answerable for managing the top of FTX.

However our largest nationwide media retailers are going to bury the purpose that FTX CEO Sam Bankman-Fried (SBF) was the second-largest donor to the Democratic Social gathering within the 2022 election cycle, with over $40 million in contributions, second solely to socialist agitator George Soros. The previous crypto king made one of many largest donations to Joe Biden’s presidential marketing campaign in 2020—a cool $5.2 million.

Simply try how the alphabet networks steered away from troubling info on Dec. 14.

On ABC’s “Good Morning America,” chief enterprise correspondent Rebecca Jarvis: “Sam Bankman-Fried was a serious political donor and invested in quite a few corporations, and now there are requires these politicians and people companies to provide that cash again.”

On “CBS Mornings,” Capitol Hill reporter Scott McFarlane: “Federal prosecutors allege Bankman-Fried violated marketing campaign finance regulation, directing hundreds of thousands in marketing campaign contributions to each events, a few of it, they are saying, with stolen buyer cash.”

On NBC’s “At present,” correspondent Stephanie Gosk: “Bankman-Fried allegedly used the cash for his personal private achieve, together with lavish actual property purchases and huge political donations.”

On the Dec. 13 NPR podcast “Take into account This,” NPR enterprise reporter David Gura famous: “Bankman-Fried, who’s an enormous political donor, has additionally been charged with violating marketing campaign finance legal guidelines.”

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Not everybody performed silly. CNN’s Randi Kaye famous in passing that “he donated greater than $900,000 to candidates and practically $39 million to outdoors teams for midterms. A lot of the spending supported Democrats.”

Probably the most outrageous tackle the SBF donations got here from MSNBC’s “All In” host Chris Hayes. He was raining fireplace on Fox for pushing right-wing conspiracy theories. “Now, there’s two main issues with the story they’ve been telling. The primary main downside is that Sam Bankman-Fried, it seems, wasn’t a partisan donor. By his personal admission final month, he gave simply as a lot to Republicans as he did to Democrats.”

So wait a minute. Bankman-Fried is on report for humongous Democrat donations, however the fraudster needs to be mechanically believed when he claims he made huge however untraceable donations to the GOP?!

Hayes was placing all of his crypto-punditry on the empty phrases of SBF: “All his Republican donations have been darkish, the darkish cash the Republican Supreme Court docket enabled, that he was in a position to funnel with out anybody noticing to Republican donors, too. Anyone please inform Tucker.”

Hayes didn’t point out that Bankman-Fried claimed he gave “darkish cash” to Republicans as a result of “reporters freak the f–ok out for those who donate to Republicans. They’re all tremendous liberal, and I didn’t need to have that battle.”

There have been Republican politicians on the SBF record. Nik Popli at TIME journal reported Sens. John Boozman (Ark.), Lisa Murkowski (Alaska), and Susan Collins (Maine) acquired the utmost particular person contribution of $5,800. However that doesn’t stability out being the No. 2 Democrat sugar daddy of 2022.

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Bankman-Fried conned a lot of leftist journalists along with his speak of “efficient altruism,” rising mega-rich solely to provide all of it away. Even now, they’ll’t admit how simply conned they have been. The obvious proof of journalistic skullduggery perpetually emerges in protection of scandals. Republican scandals are hyped to the skies, and Democrat scandals are buried or fastidiously elided. The media elite’s clear partisanship is on the heart of why they’re not trusted by most People.


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