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Maxine Waters Blew Sam Bankman-Fried a Kiss

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How can she conduct an impartial investigation of his Ponzi scheme?

Sam Bankman-Fried, according to Victor Davis Hanson, “may have robbed perhaps a million investors, and along with them hundreds of large institutional investors.” He “protected from federal securities regulators, had drained off, lost, hidden, or spent billions of dollars of other people’s money.” Now his dear friend Maxine Waters (D-Incitement), who was caught on video blowing him a kiss in December 2021, will be leading an investigation into his sleazy FTX Ponzi scheme as Chair of the House Financial Services Committee. Waters initially stepped on a rake when she said that she wouldn’t be subpoenaing her pal Sam, but the winsome congresswoman backtracked after a firestorm and insisted that it was a “lie” that she didn’t plan to subpoena him. So will she actually do so? That remains unclear.

CNBC reported Wednesday that Waters “told the panel’s Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a Dec. 13 hearing about the crypto exchange’s rapid demise, according to people with direct knowledge of the conversation.” She “informed committee members of her decision at a private meeting Tuesday with Securities and Exchange Commission Chair Gary Gensler on Capitol Hill, these people said, declining to be named in order to speak freely about the private discussion.”

This CNBC report came three days after Bankman-Fried tweeted coyly: “Rep. Waters, and the House Committee on Financial Services: Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I’m not sure that will happen by the 13th. But when it does, I will testify.” So apparently Waters was taking him at his word that he would appear before the committee voluntarily in due time, but this is a man who bilked as many as a million people out of billions of dollars; can he really be taken at his word at this point?

 

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