Guilty! Sam Bankman-Fried & the FTX Collapse - With Michael Lewis
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 Published On Dec 7, 2023

If you don’t know about his most recent book ‘Going Infinite’, you’ll probably want to buy it after listening to or watching this episode with Michael Lewis, author of multiple books and associated films, including 'The Big Short', 'Moneyball', 'Flash Boys', 'The Blind Side', 'Liars’ Poker', and more.

In this interview with co-host Ravi Joseph, we start out with Liar’s Poker and the wild west of the Salomon Brothers trading floor. Then, picking up from where we left off from our interview 18 months earlier, we probe why Michael had suggested that crypto might be his next subject.

He describes the ascent and collapse of Sam Bankman-Fried. We hear how despite writing that “everything about him [SBF] was peculiar”, Sam develops a magnetism that attracts politicians, celebrities, and financiers alike.

Michael describes the fault lines, the failings and even feedback from speaking to him recently in prison, awaiting sentence. A fantastical tale and fabulously fun conversation.

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TOPICS:
00:00 - Introduction
00:53 - Michael’s Time at Salomon Brothers
03:14 - Liar’s Poker (1989)
06:35 - Going Infinite (2023)
11:23 - Sam Bankman-Fried’s Background
16:49 - Sam’s Early Career
20:24 - Sam’s Unique Character
30:30 - Michael’s Thoughts on Crypto
32:48 - A Crime of Incompetence or Harm?
38:48 - Almada & FTX Deposit Segregation
42:42 - Was the Bankruptcy Inevitable?
50:49 - Sam’s Life in Prison
56:01 - Closing Questions

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All content on the Money Maze Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Guests and presenters may have positions in any of the investments discussed.

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