Against the Rules with Michael Lewis Judging Sam: Week 3 is in the books
7 snips
Oct 20, 2023 Dive into the unfolding drama surrounding Sam Bankman-Fried's trials and their impact on finance. Discover key insights from witness Nishad Singh about the emotional dynamics at FTX and the ethical challenges posed by modern finance. Explore the tense courtroom atmosphere where strict rules amplify conflicts, alongside discussions about the influence of social media on legal strategies. Finally, the podcast unveils the ethical complexities of philanthropy tied to controversial figures, shedding light on public perceptions versus reality.
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Nishad's Character
- Michael Lewis describes Nishad Singh as kid-like, earnest, and naive about finance.
- Nishad learned about finance through FTX, developing cynicism towards financial laws.
Coder Myopia
- Modern automated financial markets allow coders to act without fully understanding consequences.
- Nishad Singh's coding for Alameda/FTX exemplifies this myopia.
Incriminating Messages
- Signal messages reveal Nishad Singh asking Sam Bankman-Fried to publicly take responsibility.
- Bankman-Fried’s response seems to confirm his knowledge of the wrongdoings.
