1 year ago
This week, the renowned writer of “The Big Short,” Michael Lewis, has embarked connected an extended promotional run for his latest literate endeavor, chronicling the turbulent odyssey of Sam Bankman-Fried, the beleaguered co-founder and erstwhile CEO of FTX. Dubbed “Going Infinite: The Rise and Fall of a New Tycoon,” the tome delves into assorted chapters of Bankman-Fried’s life, unveiling his condemnation that everything is “gamified.”
Michael Lewis Talks FTX Founder connected ’60 Minutes’ — Critics Challenge His Perspective
The American writer Michael Lewis, celebrated for his books “Moneyball,” “The Blind Side,” “The Big Short,” and “Flash Boys,” is present publicizing his caller caller centered connected FTX’s Sam Bankman-Fried. Having spent sizeable clip with Bankman-Fried, Lewis conducted a caller “60 Minutes” interview discussing the protagonist.
During the conversation, Lewis mentions that FTX “actually had a large existent concern — If nary 1 had ever formed aspersions connected the business, if determination hadn’t been a tally connected lawsuit deposits, they’d inactive beryllium sitting determination making tons of money.”
Lewis expounded that Bankman-Fried focused connected respective important aspects including pandemic prevention, effectual altruism, and combating factors purportedly endangering democracy.
According to Lewis, Bankman-Fried adjacent contemplated offering Donald Trump $5 cardinal to bow retired of the election. “The fig that was kicking astir erstwhile I was talking to Sam astir this was $5 billion,” Lewis said erstwhile touching upon the alleged offer.
The writer besides observed that during his archetypal tv appearance, Bankman-Fried was engrossed successful a video crippled for the duration of the full interview. Despite embodying a much quirky persona, Lewis further revealed that Bankman-Fried forged a adjacent enslaved with seven-time Super Bowl champion Tom Brady.
“Brady thought helium was conscionable a truly absorbing person,” maintained Lewis. “I deliberation helium liked to perceive what helium had to say.”
Conversely, galore viewers disapproved of Lewis’ 60 Minutes interrogation and expressed disdain for his assertion that FTX operated a thriving, morganatic business. Swan Bitcoin expert Sam Callahan contended that Lewis “doesn’t look to recognize that FTX was an exchange, not a bank, meaning it was expected to person its users’ assets backed 1:1 astatine each times.”
Callahan elaborated:
It shouldn’t substance that determination was a ‘run connected lawsuit deposits.’ There was not a morganatic concern here. It was axenic fraud.
Former New York Times writer Alex Berenson branded Lewis’ statements arsenic “insane.” “It’s astir hard to explicate conscionable however insane. If Michael Lewis really believes [Sam Bankman-Fried] is simply a unfortunate here, I fearfulness he’s suffering from immoderate benignant of early-onset dementia. I’m not joking. If helium doesn’t, wherefore is helium saying it?” Berenson wrote.
When queried astir Bankman-Fried’s top fear, if sentenced to 100 years down bars, Lewis divulged that the imaginable of losing net entree terrified him most. “I bash deliberation that if helium had the internet, helium could past jailhouse forever,” the writer added.
What bash you deliberation astir the interrogation with Michael Lewis and his position of Sam Bankman-Fried? Share your thoughts and opinions astir this taxable successful the comments conception below.
English (US) 