Why Isn't Sam Bankman-Fried in Jail?

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It’s day 20 and SBF still isn’t in jail. What gives? Ryan and David give their thoughts on why that may be and how this all might play out.

Also, stay tuned toward the end of the show for a special guest appearance from our boots-on-the-ground Bahamas correspondent to give their take from the belly of the beast.

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RESOURCES

Royal Bahamas Police Force @RBPFPolice

Liz Hoffman @lizrhoffman

This mostly makes sense to me. FTX had a lot of collateral ($60bn) against not that many liabilities ($2bn). The problem is that collateral was monopoly money and the liabilities were … real money. Just real basic banking stuff.

Forbes @Forbes

Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter and taking big risks. She is also one of the supporting players in Sam Bankman-Fried’s FTX catastrophe — and a new darling of the alt-right.

Read more: trib.al/OIrABEb

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