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the story of Sam Beckman freed and FTX is really a story not just about capitalist excesses but about corporatist excesses its about the fact that when there is an impression that government is going to back your play people are willing to give you enormous sums of money and how people who are involved in this sort of play spend extraordinary giant piles of cash on their favorite legislators Sam bankman freed the way the media is going to play this is the 10 Beckman Freight its a quasi libertarian who is determined bound and determined to avoid regulation at all costs and finally if we just regulate these guys we need to have a hero a hero a regular Elizabeth Warren to crack down on Sound Bank memory theres only one problem with this particular narrative Sam bankman freed is one of the biggest Democratic donors on the Block he spent 40 million dollars on Democrats in the last election cycle in midterm election cycle so basically