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Friday, November 25, 2022

Sam Bankman-Fried and the FTX Collapse: A Family Affair – The Occidental Observer

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In almost every state in the union there is a government agency or department with the name “Child Protective Services”. Its purported mission is to act as the long arm of a responsible community to protect children from their own parents or guardians when children are being mis-treated. Although vastly abusive in many, if not most, situations, there is, at least, a good faith argument for the existence of such agencies for extreme cases. Its aim is in part to protect the children; but it also aims to ensure that the children develop into adults that hopefully will not be as anti-social as their parents – in other words, to prevent the perpetuation of anti-social behaviour over multiple generations. Good luck! But, at least, the aim is sensible, even if not, in the main, achievable.

Usually, the targets are lower class blacks and white goyim families, where lack of money exacerbates what mainstream “upper middles” would view as an anti-social lifestyle.

However, given the rise to prominence of a new kind of upper class over the last 50 years, the need for a new kind of child protective services – one might call it “goyim protective services” suggests itself. That upper class, of course, is the new Jewish elite that now rules the United States. And if you doubt me, make a couple of quick calls to “Ye”, yeah, who, until a few days ago, used to be worth over a billion dollars, or a certain Mr. Irving, who, until a couple of days ago, used to play professional basketball.

Anti-social upbringing in a “super-class,” like the ruling Jews, would of course be far more damaging to society than the alcoholism and wife-beating typically passed from generation to generation by the “untermenschen” of our society. The latter affects only the immediate and unfortunate households and perhaps neighborhoods of such persons. The former, however, can have huge and devastating consequences to the entire nation.

The need for such an agency raises its ugly head in what presumably was the completely anti-social upbringing of Sam Bankman-Fried, a child of enormous intellectual privilege, brought up in the most intellectually dominant of Jewish households. His case, sad to say, is simply a poster child for the upbringing of the children of powerful Jews who currently run our country, and whose children are presumably being prepared to continue to run – some might say ruin – our country. Sam’s shenanigans with FTX (a crypto exchange) and its related entity, Alemada Research, apparently a major crypto trader, may have resulted in hundreds of millions, and likely billions, of dollars of losses to FTX account holders and others, including left-wing charities and the Democrat Party, recipient of $40 million in the last election cycle. (As the poster boy for “effective altruism” said, “I wanted to get rich, not because I like money but because I wanted to give that money to charity.”)

No one knows for sure yet how much the losses are, but it looks really big. Huge.

If one were not attentive to family backgrounds, one might assume that ol’ “Sam” – a disheveled heap of negroid curled hair, hideously ugly face, slum-like, deliberately insulting attire, and typical Ashkenazi nasal whiny girlie-type voice – might have been the mis-named son of Eddie Antar, of “Crazy Eddie” fame, perhaps brought up in an atmosphere of switch-and bait retailing, where the collected and unpermitted sales tax is your profit margin and the “yakety yak” crap add-on products turn your normal profit margin into high finance. Eddie Antar brought to the next level. But without the self-depreciating humor of vibrating little Christmas trees accompanied by the intonation “Crazie Eddie – where the prices are insane!!!” (1)

In such an upbringing, however, young Sammy, one might presume, would be taught at the dinner table how to cheat the customer, the government, the investing public, and everyone else, whenever possible. In other words, to continue the family “tradition” into the next generation.

But no. His Royal Highness, Prince Sam, was not brought up in such a household. He was brought up in the upperest class of upper-class households, at which the Eddie Antars of the Brooklyn Jewish world could only gape in intimidated awe. Both Sam’s father, Joseph Bankman, and his mother, Barbara Fried, are professors at Stanford Law (incredibly, Barbara is also on the Board of Advisors of the Stanford Ethics in Society Program). On any given day might Stanford Law may be viewed as the most prestigious or second-most prestigious law school in the country. Sammy’s mom co-founded Mind the Gap, which is a Democrat Party fundraising organization centered in Silicon Valley that spent millions on the 2020 election. As if that wasn’t enough, his aunt is Linda Fried, the Dean of the Columbia University School of Public Health. All are presumably at some not so distant point descended from a long line of intellectually distinguished Rabbis whose children married into wealth and business acumen.  No “Odessa bootleg liquor” in that background. Please. More like upper class Vienna Jews living in 18-room apartments on the most elegant of boulevards.

So, WHAT THE HELL WENT WRONG?

He was a Jew, that’s what went wrong.

Non-Jewish Americans simply have no comprehension of the cynicism and hatred in which most Jewish children, including – especially – upper class Jewish children, are raised. Cynicism about “whatever it takes” to separate goyim from their cash. Hatred and contempt for the dumb goyim, who are regarded in most Jewish households – secular or religious – as not much more than preternaturally stupid, though potentially dangerous, talking beasts. And, to be fair, most Jews have no clue as to how their goyim next-door neighbors are raising their children – to believe in moral principles, to tell the truth, to respect others. Very few have any concentrate first and foremost on how to make money – let alone work to separate Jews from their cash and power. In their world, it’s never brought up. If Jews actually saw how goyim are brought up, they would see what, from their point of view, was only a breeding ground for “suckers” – and of course would never believe that was what was really going on. The admonitions to honesty, fair dealing, morality that most of us goyim associate with proper upbringing are present in Jewish households – but only in respect of other human beings – i.e., other Jews. Not, not, not with respect to the goyim, except in the limiting case where to do otherwise might damage the Jews.

To continue. From a Jewish point of view, how absolutely unfair and contrary to the underlying principles of the universe that mere beasts should have money, cars, houses – anything. An abomination. (“So, Sammy, our job is to correct that, Sammy.” ) This Jewish attitude is accompanied by mass paranoia, verging on psychosis, which educates Jewish children that everyone around them outside their Schul are secretly forming plans to kill them, and that, of course, the history, traditions, culture of such people is nothing more than revolting or meaningless crap – crap that is “taken on” or assumed temporarily solely as a way to worm one’s way up, but certainly not for its own sake. Whether that culture be manner of dress, table manners, music, art, journalism, history, or, most crucially, the laws of the goyim. Or (of course) religion, mainly the hated and despised Christianity.

We come now to goyim law, inherited in this country primarily from 1,000 years of English constitutional development and the Common Law, originating itself from the Roman Law, Viewed with veneration in pre-Jewish America as the source and wellspring of our liberties and of ordered government. But by Jews? They have their own law – the Talmud – virulently anti-Christian and anti goyim. Our law? Jews view it with contempt, except to the extent it can used – or twisted – to help the Jews. (Obviously this attitude is for internal consumption only – not for goyim to hear.) And why shouldn’t they, they think. After all, Jews hated the Roman Empire – remember Titus’s destruction of the Second Temple? The Jews hate the English, probably much more than they hate Germans (look at the cars they drive). Remember the Jews’ expulsion from England under Edward II in 1290? You may not, but Jews do. And their use of the goyisch law evidences this. Any disruptive revolutionary use that can be made of it to up-end cultural and moral norms of the goyim, and thereby promote the interest of the Jews. And don’t think Jewish professors at pre-eminent law schools are any different. In fact, they – and their odious brethren that lead the major, now almost all Jewish-controlled, whatever their “name” – law firms in New York City, Chicago, and L.A. And the accompanying bar associations – lead the charge. A very dangerous and increasingly powerful element indeed.

So what kind of “Jewish” upbringing must young Prince Sam have received even in a household consisting of “distinguished” Jewish law professors and a host of eminent collateral Jewish relatives?

Interlude: Some data points from other prominent Jews.

Mark Rudd initiated a violent takeover of the administrative offices of Columbia University in New York over what was nominally an issue of Columbia’s involvement with the Vietnam War, through its work for the Institute of Defense Analysis. Rudd became a high priest of the Students for Democratic Society (“SDS”) and, later, the criminal terrorist organization known as the Weathermen. After the fact, after he himself incredibly had been given a college teaching position, described in a speech about Jewish dominance of both the SDS and the Weatherman:

I lived a Philip Roth existence in which the distinction between Jews and gentiles was present in all things: having dogs and cats was goyish. … What outraged me and my comrades so much about Columbia [University, which he famously attended and disrupted], along with its hypocrisy, was the air of genteel civility. Or should I say gentile? Despite the presence of so many Jews in the faculty and among the students—geographical distribution in the admissions process had not been effective at filtering us out, our SAT’s and class-rank being so high—the place was dripping with goyishness. When I got there freshmen still wore blue blazers and ties and drank sherry at afternoon socials with the deans. At the top of the Columbia heap sat President Grayson Kirk and Vice-President David Truman, two consummate liberal WASP’s who privately claimed to oppose the war but maintained the institution’s support of it. Mark Rudd — “Why were there so many Jews in SDS? (or, The Ordeal of Civility

Well, there’s undoubtedly no risk of blue blazers, ties, and sherry in the Rudd – or in the Blankman – household!

During the SDS Columbia riots, Rudd recounts how his own father – a Lt. Colonel in the U.S. Air Force Reserves, no less – called Kirk “an intellectual mediocrity.” In fact, Kirk was a distinguished academic, who, according to Wikipedia, “graduated from Miami University in 1924, earned an M.A. in political science from Clark University in 1925, and studied at the École Libre des Sciences Politiques in 1929 before completing a Ph.D. in the discipline at the University of Wisconsin–Madison in 1930.” The Ecole Libe des Sciences Politique, commonly referred to as “Science Po,” was then and is now one of the most difficult schools in the world to get into, being one of the famous “grande ecoles” that dominate the top tier of French intellectual life. Rudd’s father in contrast to Kirk, and in contrast, in fact, to many immigrant Jews of the day, could hardly be described as an intellectual. He was, according to Wikileaks, Jacob S. Rudd (1909–1995), was born Jacob Shmuel Rudnitsky in Stanislower (Yiddish for Stanisławów), Poland; he was a former Army officer who sold real estate in Maplewood, New Jersey. A real estate salesman. Hardly the stuff of which an intellectual elite is made. In fact, an obvious “intellectual mediocrity” if there ever was one.

Rudd goes on. Although, as noted, he was the son of a Lt. Colonel in the US Air Force, he states:

As a child I never fell for the seduction of patriotism. It seemed so arbitrary, who’s an American and who’s not. If my relatives hadn’t emigrated, who would I be? Since I was also at core an idealist and a utopian—another Jewish tradition?—I wanted to skip all that obviously stupid and dangerous stuff that gave rise to wars and racism. In 1965 I began to identify myself as a socialist and an internationalist. I still am an internationalist since old religions die hard.

One can only assume his father felt the same way. One question that pops into the mind is what in the hell was the Army thinking when they allowed a person like this hold a high rank in its own intelligence arm. Another that pops up is that it’s too bad that the officer at Ellis Island allowed this odious family into the country.

Rudd goes on:

Imagine an idealistic Jewish kid growing up in a suburban New Jersey town, always knowing that the world consisted of two kinds of people: Us and Them, the Jews and the goyim. Crossing the river[3] to the big city and taking a place as a student in a world-class Ivy League institution run by Them, I found at the top, much to my surprise, rather slow-witted, Wizard of Oz-like characters who ran things really badly, violated their own principles, lied, put into effect both pro-war and racist policies. My reaction? In my speeches at rallies, I had taken to referring to President Kirk as “that shithead.” Morris V. de Camp, “Punching Left: The Weather Underground, the Haymarket Anarchists, the Kennedys, and the 1960s

Here again the arrogant disparagement of all things non-Jewish. Kirk, a “slow witted Wizard of Oz like character”? Bullshit. By the way, the Wizard of Oz was also written by a Jew. Maybe Rudd was “projecting” as the Jewish psychiatrists like to say. The Wizard of Oz-like character seems much more like Rudd himself – and quite possibly his mediocre, arrogant father.

Then we come to the essential Jew, Norman Podhoretz and his wife Midge Decter, serving for decades as the dual cerebral cortices of the New York’s intellectual and literary elite. One day, he and his wife decided to take a vacation out of New York and decided – at least for a while – to visit one of the most important historical sites of their adopted country. But, just like young Mark Rudd, we must assume they both came to the realization that the should not “fall for the secution of patriotism…[because] it seem[s] so arbitrary”. Or even any interest in the history of their host country. We shall let Mr. Podheretz tell his own charming story:

I could never quite get over the feeling that I was not as ‘real’ an American as someone whose people had come here earlier than mine. Sometimes I would joke about this, as when, in the early days of our marriage, my wife, who wrote (and still does) under the name Midge Decter, and I drove one summer Fort Ticonderoga in upstate New York to visit what we thought of as an American shrine. But as we approached the gate, the first thing we saw was a sign informing the public that this was the site of several major battles in the French and Indian wars of the 1750s. “The French and Indian wars?” I burst out in mock indignation, “what’s that got to do with me?” At this, in our ignorance, both giggled, and in an antic gesture of protest I turned the car around without ever entering the fort.  James Fulford, “Ramesh Ponnuru Wrong, Again, (Guess Why) On Civil Rights

Can you imagine driving all the way up to a significant historic site – probably about a 5-hour drive north of New York City – even an historical site of a foreign country you were visiting for a couple of weeks – reaching the gate and turning around to drive 5 hours back, all because the sign did not indicate anything you had been brought up with? Presumably he would have toured the fort had the sign been in Yiddish. The paucity of interest in history, particularlly of the country whose passport he carried, is breathtaking. In fact, it is highly disturbing. It actualy indicates an intense hatred for the country in which he lived and, perforce, for the people of that country – other than the small segment of that people located on Ocean Parkway in Brooklyn. One can only imagine the kind of parochial, hate filled upbringing both the Podhoretz and Decter family provided their young prodigies. And one shudders to think of the upbringing of their odious son, John Podhoretz, now a big muckety muck at the New York Post.

The third data point is told by a non-Jewish acquaintance who was sitting in the living room of a conservative Jewish family. The husband, an American by birth (?), had made big money in a series of investment banking jobs. His wife was European Jewish, naturalized to U.S. citizenship, and the holder of a high-paying job in the U.S. branch of a foreign bank, whose family had lived through the Nazi occupation and whose asses were saved by 400,000 U.S. infantrymen, airmen, and seamen who died defeating Hitler in the European Theatre of World War II. Her son, it happened, had vocalized a heretical interest in joining the U.S. Army – the same force that had saved her whole family less than 50 years before. The wife immediately said “I would never want [Nathan] to join the U.S. Army. If he is going to join any army it should join the IDF [i.e., the Israeli Defense Forces]”. The husband uttered not a contrary word. Clearly, he agreed.

What kind of upbringing does a Jewish family whose lives have been saved by U.S. soldiers, who have scooped out a literal fortune in the U.S. over 20 years, give their children? My God. Why did we ever let either of them in the country? Sammy Blankman, frankly, sounds mild stuff compared to this.

Back to SBF. With young Sammy Blanman-Fried coming from this kind of fetid – not to say, almost treasonous – environment, should we be surprised at anything he cooks up?

But the story gets worse. This is clearly not simply the story of bad upbringing. It looks like his parents, his professor at MIT, and their contacts have been material facilitators (and for a while beneficiaries) of Sammy’s rise. For starters, apparently Blankman pater is a noted expert in crypto-currency tax law, at least that’s what it said before it was scrubbed from Stanford Professorial web page. But Blankman by his own admission has been “studying” Crypto tax, Hmm…, could that mean that he was fully appraised of what was going on so he could give his son free tax or leagal advice in the crypto area in which FTX operated? For Daddy’s sake, hope not.

However, this dispiriting report indicates Blankman pater was in the middle of it, and not just with Crypto tax advice:

Bankman was involved in FTX, including raising funds for the firm before its bankruptcy. Via a connection to his former Stanford Law School student Orlando Bravo, Bankman made an introduction which led to a $125 million investment in FTX from private equity firm Thoma Bravo in June 2021.  He and his wife were signatories to a luxury Bahamas residence in Old Fort Bay that is part of the FTX bankruptcy. While it isn’t known what funds were used to purchase this vacation home, Bankman and his wife are trying to return the property to FTX.”

See also: Joseph Bankman – Wikipedia ;  “How Sam Bankman-Fried seduced blue-chip investors”. Financial Times. 2022-11-11. Retrieved 2022-11-12;  “Exclusive: Bankman-Fried’s FTX, parents bought Bahamas property worth $121 million”. Reuters. Retrieved 2022-11-22.

Wow!  Exciting lives for a couple of humble “law” professors!

Here’s a photo of Alameda CEO @carolinecapital’s dad, Glenn Ellison (left), with Gregory Palm (second from right), former top @GoldmanSachs lawyer, “Goldman’s $500-million lawyer.”

Glenn Ellison is a Jewish economics professor at MIT, where Sam went to college. Professor Ellison’s daughter, incredibly, is (or was) the CEO of Alemeda Research, which, notwithstanding its name, was a huge crypto trader that apparently was partly owned by Sammy. Part of the enveloping scandal apparently is that FTX funds (read customer deposits) appear to have been used to fund Alameda, which, word has it, is now caput. Not reassuringly she sounds about as ditzy and clueless as Bari Weiss. Except instead of writing articles complaining about antisemitism, she was handling millions (billions?) of dollars in trades, apparently not very well. She went to – take a guess – Stanford, where Sammy’s parents are professors! And apparently not overly interested in studies there either. As Eviamagazine wrote: “Can you guess what Caroline’s advice is for college students? (She was a math major.) She actually says that classes don’t matter that much, and that “friends and networking are really important.” Yeah, right. In her case, at least. Why bother with “studies” when you have contacts like she had. She apparently met Sammy at a proprietary high frequency trading firm and market maker named Jane Street Capital (2), and then went with him to Alemada/FTX along with rumors of personal involvement.

And unsurprisingly, FTX/Alameda and Ellison appear to have had a close relationship with Jewish-run Goldman Sachs.

Sam kept expanding his “family.” In the 2022 election cycle, it appears Sammy was the fourth largest donor, at $39.9 million, almost all to the very Democrats who oversee Gensler’s SEC. That made him second largest Democrat donor to George Soros ($140 million).

As JFK once said in an interview: “I believe in large families.” Its nice to know that Sammy did too, so much so that he kept expanding his to include econ professors, folks at Goldman Sachs, and, finally, a bunch of Congressmen. However, JFK did note in the next breath “of course, there needs to be a father imposing discipline…” Oops. That’s were “Blankman dad” appears to have fallen flat on his face.

Or maybe he didn’t. In fact, the deeper one digs into the FTX scandal, the conclusion becomes obvious: this is simply the Jewish ultra upper-class family writ large – intellectual and financial – fucking the rest of us. Could it be that the result of HRH Sammy’s upbringing is not a defect – but, instead, an intended attribute? He’s still apparently respectable enough to be invited to an elite New York Times-sponsored panel along with the likes of Janet Yellen, Mark Zuckerberg, Bibi Netanyahu, and Volodymyr Zelensky.

If so, “Double Mitzva!” 16 candles this Hanukah season!

So, perhaps, we need a new government agency, a “Goyim Protection Agency,” to effectuate early intervention in such families, to inform the “little ones” that, no, cheating and otherwise screwing goyim is NOT acceptable. Perhaps, in extremis, the child could be removed to a large non-Jewish working class family in, say, South Boston or Cleveland (if there are any of those left in those de-industrialized cities), where he could learn some humility and, perhaps, against all odds, some decency.

I think you are thinking what I’m thinking. A cold day in Hell when that happens.

_________
1. In fairness to “Crazy Eddie”, the consumers did quite well. Even if not quite so well as they thought. Unlike the FTX situation, they certainly stood at no risk of losing their entire net worth, even when buying too much “yakety yak,” by patronizing Eddie’s store on King’s Highway, Brooklyn.

2. Jane Street Capital, located in offices worldwide: (NEW YORK, LONDON, AMSTERDAM, HONG KONG, SINGAPORE) describes its activities as follows: “We are a global liquidity provider and trading firm, using sophisticated quantitative analysis and a deep understanding of market mechanics to help keep prices consistent and reliable. At Jane Street our trading blends human intuition—earned through more than twenty years of experience—with cutting-edge research. Our style is both rigorous and pragmatic. Depending on the problem, we might draw on large-scale machine learning models, domain expertise, or pen-and-paper mathematics. We’re a firm of puzzle solvers on and off the clock.” What We Do :: Jane Street .

https://www.theoccidentalobserver.net/2022/11/25/time-for-goyim-protective-services/