

Judging Sam: Michael Lewis Talks Money with Matt Levine
8 snips Oct 18, 2023
Matt Levine, a prominent business columnist at Bloomberg News and author of the insightful newsletter "Money Stuff," joins the discussion with Michael. They delve into the chaotic world of cryptocurrencies and the infamous FTX scandal, exploring the perplexing case of Sam Bankman-Fried. The conversation highlights the emotional impact of fraud on victims and the challenges of accountability in finance. Levine also reflects on his unconventional career path and the discrepancies in crypto ideals versus traditional finance, making for an engaging and enlightening dialogue.
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Podcast Interaction as Evidence
- Michael Lewis points out that one of Matt Levine's interactions with SBF is now evidence.
- Levine interviewed SBF where he discussed FTX's risk management system, which the prosecution claims was false.
Yield Farming Conversation
- Michael Lewis and Matt Levine discuss another podcast interview with SBF, where they talked about yield farming.
- Levine asked SBF to explain it, and his response, while misinterpreted by some as a confession, was actually a cynical take on DeFi.
SBF's Cynicism
- SBF's description of a hypothetical trade, where borrowed money against inflated assets isn't repaid, mirrors FTX/Alameda's actions.
- This shows SBF's cynicism wasn't just theoretical but reflected his actual practices.