Rudy Havenstein, Senior Markets Commentator. Profile picture
He/Haw/Xi Reichsbank President 1908-1923 Uncategorizable. Tweets are solely for my own amusement. "My way of joking is to tell the truth." - G.B. Shaw

Jan 2, 2023, 12 tweets

"...a few months ago [Marc Cohodes] went to the Bloomberg crypto team with all the information he had about Silver Gate and FTX, and the fact that there was something very wrong here...[Marc said] you should ask Sam these questions."

$SI #FTX

- @MikeBurgersburg with @ttmygh

@MikeBurgersburg @ttmygh And their response was... (paraphrased)

Bloomberg Crypto: 𝙔𝙤𝙪 should ask Sam these questions.

Marc Cohodes: Why aren’t 𝙮𝙤𝙪 asking him these questions?

Bloomberg Crypto: Well, if we ask those questions, he won’t talk to us anymore.

#FTX cc @AlderLaneEggs

"And you think about how perverse that is. I always assume journalists were out there trying to catch the bad guys, expose people and become famous themselves by doing that, but in reality, that’s not how it works at all."

- James Block

"I think that [journalists are] captured to a very large extent, just like the regulators have been captured by promises of big salaries...I don’t know...if things are ever going to change, but I think it’s a thing we see everywhere. And it’s not just...crypto."

@MikeBurgersburg

"The parallels between FTX, and Tether, and BCCI are amazing." 💥

- James Block

The above mini-thread was from Grant Williams talking to James Block.

I can relate to Block's interest in financial history & fraud. I have no crypto (except a tiny $ of BTC) - I've neither made nor lost money on it. I just have a pretty good b.s. meter.

If you scroll through Bloomberg Crypto's pre-November 2022 SBF tweets, they are basically just another MSM Sam Bankman-Fried FTX publicist.

mobile.twitter.com/search?q=From%…

"On the surface, BCCI appeared to be a legitimate bank...BCCI also operated as a money launderer extraordinaire for all comers...the bank was used by the CIA and other intelligence agencies to launder funds, finance illegal arms deals, and finance operations throughout the world"

The above and below passages are from @MikeBurgersburg's latest, "A forgotten banking scandal suggests FTX is the tip of the crypto iceberg"

#Deltec #Tether

dirtybubblemedia.substack.com/p/a-forgotten-…

"How did BCCI manage to evade detection for so long?...BCCI used charity to purchase legitimacy."

"Sound familiar?"

1992 Senate Report, "The BCCI Affair" irp.fas.org/congress/1992_…

"BCCI was from its earliest days made up of multiplying layers of entities, related to one another through an impenetrable series of holding companies, affiliates, subsidiaries..."

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