He is clearly making himself a scapegoat to protect himself from the wrath of the politically powerful. One thing to burn rich people, quite another to burn politicians who chair the financial services committee.
Anyone who says, “what’s he doing!? He must be stupid or crazy!” is either dishonest ir not very perceptive.
He is throwing himself under the bus in hopes of an eventual pardon or just to avoid pissing off the powers that be, who he helped secure with his kick backs (“contributions”).
But the foolish masses are likely to buy the whole, “he is stupid” narrative.
I sort of disagree. He had a money printing operation and somehow wound up blowing half of it on bad bets, losing the rest criminally, and now blabbering without a lawyer. If he's playing 4d chess I'll be amazed to see his endgame working out.
i dont think theres any 4d chess involved, the poster is just saying that what appears to be self effacement is actually alignment with the greater powers that be. the story looks better for them this way. say you're bartending in the trendiest club in town and you spill some drinks on the VIPs. you agree to whatever punishment the VIPs dispense, because you dont want the punishment of the club owner.
Do you know who his parents are? If so, do you think he is really “without a lawyer”?
It’s hard for me to not think you just don’t know the full context. I assume you aren’t being disingenuous, but maybe you just haven’t followed the news closely enough to understand. Or maybe you know something I and others do not. If so, please share the info.
Obviously it's not useful or realistic to just label someone as "stupid" or "not stupid" (we're not 7 years old here). But I think he handled FTX poorly, and I think he is now handling the fallout poorly. When I say he is blabbing without a lawyer, I'm sure he's spoken to a lawyer, but it's unlikely a lawyer would advise him to speak so much to so many people and he is doing many interviews without a visible lawyer or having a lawyer intervene or represent him instead of speaking for himself. Again, maybe this is an incredibly smart legal strategy somehow, I just doubt that it is.
Anyone who says, “what’s he doing!? He must be stupid or crazy!” is either dishonest ir not very perceptive.
He is throwing himself under the bus in hopes of an eventual pardon or just to avoid pissing off the powers that be, who he helped secure with his kick backs (“contributions”).
But the foolish masses are likely to buy the whole, “he is stupid” narrative.
Clearly, he is not,