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by vba616
1308 days ago
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>but it probably gave him a huge bump in interest when he did and even more now Nobody listened to or remembered the interview until a couple of people pointed out how prophetic it was with hindsight. Levine found SBF pleasant to talk to and he's amused by financial chicanery. At the time he said it sounded like a Ponzi, and SBF agreed, but after FTX blew up, it turned out to be so much more. They didn't have an accounting department. Reporting makes it sound like they didn't even know what real accounting is. SBF was quoted as rejecting the concept of books. As Levine wrote more recently, their alleged balance sheet was mostly "magic beans" and cobwebs. None of this was part of the interview. |
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So that is to say, I heard it, but I didn't realize the significance. And Levine is probably the best explainer and journalist in the financial space today.