The Egregious Arrogance of Sam Bankman-Fried (& his ilk)

On December 13, the House Financial Services Committee held a long-awaited hearing into the collapse of the FTX crypto empire. FTX’s disgraced former CEO Sam Bankman-Fried could not, as he had hoped to, testify there in person because he was sitting, as Inmate 14–372, in a jail in the Bahamas. Instead, the committee heard an interim report from John Ray III, the seasoned bankruptcy lawyer…