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Culture War Roundup for the week of November 14, 2022

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I don't dispute the situation is bad, but this is the usual hyperbole that the media loves to eat up. He has a very important and presumably high paying role, and it's in his interest to exaggerate or play-up the extent of the problem.

I fucked up. Big. Multiple times. You know what was maybe my biggest single fuckup? The one thing everyone told me to do. Everything would be ~70% fixed right now if I hadn’t. Chapter 11. If I hadn’t done that, withdrawals would be opening up in a month with customers fully whole. But instead I filed, and the people in charge of it are trying to burn it all to the ground out of shame. I might still get there. But after way more collateral damage. And only 50/50.

FTX was $8 billion in the hole and customers fleeing and reputation irreparably tarnished. No one was going to plug that hole.

FTX was $8 billion in the hole and customers fleeing and reputation irreparably tarnished. No one was going to plug that hole.

Absolutely not, so he's either delusional or trying to float some kind of dodge for responsibility. I lean towards delusional, actually, since this seems like the reaction of a character who engages in fraud and betrayal of trust and is a swindler; they're never guilty, it was just bad luck and bad timing and they could have made it all okay if only other people hadn't let them down.