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Brady may not be retiring for a long time.


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1 hour ago, JoeNamathsFurCoat said:

This aged well

I’m sure everyone who got suckered into FTX is grateful, Tommy

 

Brady believed in it and paid the price (losing a fortune).  But he can afford the losses.  The little guys who got svckered into this fraud are the ones who are going to really pay the price.  

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On 11/9/2022 at 8:56 PM, Bruce Harper said:

I would be shocked if they put their own money into this crap. I’m sure they got paid in It for their endorsements. So in the end they did some commercials for free. But it’s still embarrassing. 

Probably paid in an equity stake which is now worthless.

When you take the money people give you supposedly to invest in your crypto and back door it into your failing hedge fund, that's theft. 

At a loss how you invest with a guy who doesn't comb his hair or get dressed. But he is connected to MIT and Stanford, which made regulators less inclined to look into his thievery. The head of th SEC, Gary Gensler, is reportedly a professor of his and family friend. So After badgering everyone on Wall Street about PC woke nonsense that did nothing to protect investors, Gensler did NOTHING about his buddy. Also, massive campaign contributions helped with that.

Madoff ripped off a bunch of actors and old ladies. This guy ripped off some very serious people, and some rumored to be eastrern European bad guys. We can now await his imminent suicide. 

 

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37 minutes ago, Bugg said:

Probably paid in an equity stake which is now worthless.

When you take the money people give you supposedly to invest in your crypto and back door it into your failing hedge fund, that's theft. 

At a loss how you invest with a guy who doesn't comb his hair or get dressed. But he is connected to MIT and Stanford, which made regulators less inclined to look into his thievery. The head of th SEC, Gary Gensler, is reportedly a professor of his and family friend. So After badgering everyone on Wall Street about PC woke nonsense that did nothing to protect investors, Gensler did NOTHING about his buddy. Also, massive campaign contributions helped with that.

Madoff ripped off a bunch of actors and old ladies. This guy ripped off some very serious people, and some rumored to be eastrern European bad guys. We can now await his imminent suicide. 

Wall Street is corrupt to the core.  Systemic corruption.  To think otherwise is naive.  

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It's too bad so many great comedians have passed away but Tom Brady will be an excellent roast subject.  Hopefully they have comedians doing the roasting rather than just celebs.

 

https://profootballtalk.nbcsports.com/2022/05/17/tom-brady-has-a-netflix-deal-will-be-the-subject-of-a-roast/

Tom Brady has a Netflix deal, will be the subject of a roast

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3 hours ago, Bugg said:

Probably paid in an equity stake which is now worthless.

When you take the money people give you supposedly to invest in your crypto and back door it into your failing hedge fund, that's theft. 

At a loss how you invest with a guy who doesn't comb his hair or get dressed. But he is connected to MIT and Stanford, which made regulators less inclined to look into his thievery. The head of th SEC, Gary Gensler, is reportedly a professor of his and family friend. So After badgering everyone on Wall Street about PC woke nonsense that did nothing to protect investors, Gensler did NOTHING about his buddy. Also, massive campaign contributions helped with that.

Madoff ripped off a bunch of actors and old ladies. This guy ripped off some very serious people, and some rumored to be eastrern European bad guys. We can now await his imminent suicide. 

 

He actually didn't rip off anyone. He didn't profit from what he did but he did mismanage all those assets. It’s  basically an SEC violation if this was the stock market. Since Crypto is unregulated,  it's going to be interesting to see what happens to Bankman Fried. This might be the first step to regulation and a central bank. 

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57 minutes ago, More Cowbell said:

You just described every stock exchange in the world. 

Except when you are investing in a company via stocks that company is doing something to generate revenue (food, energy, tech, textiles, etc) and thus make it desirable to have and thus inflate the stock value.  What do these cryptos do to generate revenue?

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2 hours ago, Beerfish said:

Except when you are investing in a company via stocks that company is doing something to generate revenue (food, energy, tech, textiles, etc) and thus make it desirable to have and thus inflate the stock value.  What do these cryptos do to generate revenue?

Oh, I totally  agree with that but basically you are trying to invest in companies that other people will invest in. That part is the same as crypto. Crypto is more gambling but what makes it go up or down is the same as BTC

 

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He actually didn't rip off anyone. He didn't profit from what he did but he did mismanage all those assets. It’s  basically an SEC violation if this was the stock market. Since Crypto is unregulated,  it's going to be interesting to see what happens to Bankman Fried. This might be the first step to regulation and a central bank. 





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18 minutes ago, Barry McCockinner said:

 

Saylor has a major interest in people not losing faith in Crypto so he has to portray this in a way that makes it seem as if the industry is legitimate (he referred to Bitcoin as a "real asset") but just that SBF was a "bad actor".  

 

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4 minutes ago, TuscanyTile2 said:

Saylor has a major interest in people not losing faith in Crypto so he has to portray this in a way that makes it seem as if the industry is legitimate (he referred to Bitcoin as a "real asset") but just that SBF was a "bad actor".  

 

You think sbf wasn't the problem here?  Bitcoin is a real asset.

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16 hours ago, Barry McCockinner said:

 

Pass all the laws you want. What this guy did was thievery and fraud. But when Mommy and Daddy and the girl's dad and Gary Gensler are all great pals and the pols have been bought off with campaign contributions, so nobody is stopping this. If the crooks are connected to the people supposed to be doing the policing, nothing will change. 

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24 minutes ago, Bugg said:

Pass all the laws you want. What this guy did was thievery and fraud. But when Mommy and Daddy and the girl's dad and Gary Gensler are all great pals and the pols have been bought off with campaign contributions, so nobody is stopping this. If the crooks are connected to the people supposed to be doing the policing, nothing will change. 

He was either their useful idiot or he knew he’d be protected. Oh well. Life isn’t fair and be careful where you put your money.

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