Burying the Major Democrat Donor Angle in FTX Fiasco

The collapse of the cryptocurrency firm FTX may very well 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 in control of managing the top of FTX.

However our largest nationwide media shops are going to bury the purpose that FTX CEO Sam Bankman-Fried (SBF) was the second-largest donor to the Democratic Get together 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 details on Dec. 14.

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

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

On NBC’s “In the present day,” 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 “Think about This,” NPR enterprise reporter David Gura famous: “Bankman-Fried, who’s a giant political donor, has additionally been charged with violating marketing campaign finance legal guidelines.”

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

Essentially 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 must be routinely 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 had 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. Any individual 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 if you happen to 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 checklist. 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.

Bankman-Fried conned numerous leftist journalists together with his speak of “efficient altruism,” rising mega-rich solely to offer all of it away. Even now, they will’t admit how simply conned they had 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 middle of why they’re not trusted by most Individuals.


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