FTX Is A Bigger Mess Than You Could Possibly Imagine

A lot of things happened. Here are some of the things. This is TPM’s Morning Memo.

The new CEO of the bankrupt crypto-exchange FTX is in that position precisely because he has long experience guiding companies as they make their way through the bankruptcy process. His name is John J. Ray, and he served in a similar role after Enron’s implosion. So when he says this, you take notice:


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1440127
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Forced!

image

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His name is John J. Ray

You can call him Ray or you can call him J but you doesn’t have to call him Ray J Johnson.

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We now finally have an official nickname for likely speaker-to-be Kevin McCarthy: “The Remover!” :slight_smile:

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I’d rather invest in coal mines than crypto – at least coal is REAL.

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MUCH braver the the good guys with a gun
Colorado Springs shooting live updates: Patrons in LGBTQ club hit gunman with his own weapon (msn.com)

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And what, exactly, were these three’s transgressions?
Breathing while opposing TDFG?
Opposing TDFG?
Breathing?

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Colorado murderer
Heavy has confirmed that Aldrich is the grandson of outgoing Republican State Assemblymember Randy Voepel, the former mayor of Santee, California. Voepel represents the 71st district in the San Diego area. There were calls to expel Voepel from the state Assembly after he made comments comparing the January 6 attacks to the Revolutionary War. Aldrich’s mother, Laura Voepel, has written posts praising Randy Voepel on Facebook and confirming he is her father.

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McCarthy’s campaign to become Speaker is in the gutter, from whence he came.

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He invaded customer segregated funds, to gamble with that money. This was a good listen:
https://www.nytimes.com/2022/11/18/podcasts/the-daily/ftx-sam-bankman-fried-crypto.html

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Quevin will NEVER be able to control the WATB Caucus. He’s a tower of Jello. No amount of screen time will satisfy them.

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Of course

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The Dan Savage tweet thread is powerful.

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Qevin does not understand that pretty much no matter who is in the room with him, he is still the mark.

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He is already the worst speaker of all time and he hasn’t even started! If a smart and accomplished politician like John Boehner couldn’t handle the Tea Party, what chance does a mediocrity like Kevin McCarthy have against the MAGA crowd?

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I encourage McCarthy to continue appeasing the whims of MTG. What could possibly go wrong with giving a scorpion a lift across the river?

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Just incredible!

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I’ll admit I don’t understand crypto currency, to me it is Monopoly money, so it being a mess is no surprise since it is all a game of smoke and mirrors.

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Taking Trump’s name in vain.

Heaven forfend!

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McCarthy could ban all Democrats from committee assignments and the Freedom Caucus would still see him as little more than their water boy.

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