Vegan canapes and fat donations: How Sam Bankman-Fried won Washington before he lost everything.
In just two years since Bankman-Fried's first political donation, his money hired dozens of top-flight lobbyists and political operatives, made major investments in newsrooms like ProPublica and Semafor, and made him the second-biggest Democratic donor of the 2022 midterms, behind only the 92-year-old financier George Soros. He saidThen, all of a sudden — on Election Day, ironically — the gravy train crashed.
“A lot of people in D.C. thought this was the next big thing. Everybody was trying to get in,” said one source close to the Bankman-Frieds’ political operation who requested anonymity to speak candidly. “This went from the hottest thing to the most toxic thing. But that’s how D.C. works.” Neither Gabe Bankman-Fried nor Guarding Against Pandemics responded to a request for comment. Attempts to contact Sam Bankman-Fried for this article were unsuccessful.
,” as author Anand Giridharadas put it — because it didn’t seem to care how people made their money, as long as they spent it.The vision was compelling, even to hard-bitten political operatives and reporters. The Bankman-Frieds entered the political scene aggressively, “just coming into these primaries and swinging their money around and buying these people off. It was just wild,” said a progressive activist who requested anonymity to speak candidly about the donors.
Spending lavishly on candidates and their staffers to get their attention, Gabe Bankman-Fried argued their aim was to tackle existential threats to humanity, like pandemic prevention and nuclear nonproliferation, which were seen as neglected by existing institutions funded by earlier generations of now-controversial capitalists, like Andrew Carnegie and Henry Ford.“They were certainly building an organization for the long-term.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An Easy, Aromatic Stir Fry with Peppers and BasilThis easy, saucy vegetarian stir-fry with bell peppers, Thai basil, and plenty of ginger and garlic is perfect for using up leftover tofu or planning a last-second meal:
Read more »
No, Trump Is Not the First 2024 Presidential CandidateCould Sexy Vegan, the Fiend, or YeeYee Ass Haircut Johnson be our next president?
Read more »
Gillibrand latest Democrat to dump Biden megadonor Sam Bankman-Fried after FTX debacleWASHINGTON — Sen. Kirsten Gillibrand is the latest politician to say she will offload campaign contributions from disgraced former cryptocurrency “billionaire” Sam Bankman-Fried — who p…
Read more »
Sam Bankman-Fried's father drafted tax legislation for Elizabeth Warren, donated thousands to DemsJoseph Bankman, Sam Bankman-Fried's father and a Stanford University professor, helped Sen. Elizabeth Warren, D-Mass., write a tax bill in 2016.
Read more »
Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring ChiefSam Bankman-Fried’s continual commenting on Twitter and elsewhere has drawn an icy response from his replacement at FTX_Official. By BrandyBetz
Read more »
UCLA’s Sam Marrazzo provides leadership and newfound versatilityThe redshirt senior offensive lineman has recently added tight end to his résumé as the longest-tenured Bruin continues to prove his worth.
Read more »