.larry_kudlow : Bankman-Fried's company was a 'family criminal enterprise'
Kraken incoming CEO Dave Ripley discusses what the FTX scandal means for the future and reputation of crypto exchanges on 'The Claman Countdown.'
And, by the way, it was a family criminal enterprise because his parents, both of whom taught at the fancy Stanford Law School — isn't that always the case nowadays — well they were in on all of his crooked dealings and apparently helped him set up a political fundraising operation that would somehow leverage contributions from various Silicon Valley fat cats and then channel them into various lobbying efforts to Washington politicians, essentially in order to avoid regulation.
Am I being too hard here? Too blunt? Well, maybe! Time will tell. But I think I've fairly presented you with at least the outline of this story. Then we have the Congress and the White House and the threat of a bunch of lame-ducks running amok with your taxpayer money.
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