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How FTX used billions to influence The Swamp --- and then collapsed

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Manage episode 347784571 series 2924973
Kandungan disediakan oleh Government Accountability Institute. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Government Accountability Institute atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

“A massive crash and burn.” That is how Peter Schweizer describes the collapse of crypto-currency billionaire Sam Bankman-Fried and his ill-fated company, FTX. The company has filed for bankruptcy, and reports indicate it owes its fifty largest creditors $3.1 billion dollars. Quite a cautionary business story. But here on The Drill Down, we explore the political side of this story – the corruption and “regulatory capture” that allowed Sam Bankman-Fried to create such a house of cards. In the latest episode of the podcast, Peter and co-host Eric Eggers dig in on the Washington side of this.

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161 episod

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Manage episode 347784571 series 2924973
Kandungan disediakan oleh Government Accountability Institute. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Government Accountability Institute atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

“A massive crash and burn.” That is how Peter Schweizer describes the collapse of crypto-currency billionaire Sam Bankman-Fried and his ill-fated company, FTX. The company has filed for bankruptcy, and reports indicate it owes its fifty largest creditors $3.1 billion dollars. Quite a cautionary business story. But here on The Drill Down, we explore the political side of this story – the corruption and “regulatory capture” that allowed Sam Bankman-Fried to create such a house of cards. In the latest episode of the podcast, Peter and co-host Eric Eggers dig in on the Washington side of this.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

161 episod

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