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FairAndUnbiased

FairAndUnbiased

Brigadier
Registered Member
tygyg1111 said:
Well there is one shrine that truly deserves demolition...


This is like a nightmarish version of Taiwan
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maybe the slate just need to be wiped clean and we try again.
ACuriousPLAFan said:
Remember that the eV1l SeeSeePee sToLe hEr sEx dR1Ve from two days ago?

Apparently she has managed to regain hEr sEx dR1vE back. Here's how:
https://twitter.com/i/web/status/1593120293123682304

Trust me, I do habor the same questions as well.
https://twitter.com/i/web/status/1593018873888280576
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Holy shit lmao
 
broadsword

broadsword

Brigadier
sndef888 said:
It's amazing how much more spotlight and respect Xi Jinping is getting during the recent spate of ASEAN-G20-APEC meetings than any other leader, including Biden by far.

Western "leaders" spend countless time learning all that crap about stance, posture, symbolism, handshakes etc yet still can't hold a candle to Xi

Western media imagery about China/Xi being isolated and weak has completely gone to shit
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Xi exuded power, hard and soft.
 
C

canonicalsadhu

Junior Member
Registered Member
sndef888 said:
It's amazing how much more spotlight and respect Xi Jinping is getting during the recent spate of ASEAN-G20-APEC meetings than any other leader, including Biden by far.

Western "leaders" spend countless time learning all that crap about stance, posture, symbolism, handshakes etc yet still can't hold a candle to Xi

Western media imagery about China/Xi being isolated and weak has completely gone to shit
Click to expand...
G20 became Xi20
 
FriedButter

FriedButter

Major
Registered Member
Lmao. The CEO who oversaw Enron bankruptcy has said in his 40 year career that he has never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

It’s literally worst than Enron. This is a slush fund for themselves. FTX crypto assets are worth $659,000 but was marked as $5.5 billion on the financial sheets.

God knows how hard the Western Media will be circle jerking themselves if something similar like this happened in China.

SBF = Samuel Bankman-Fried (FTX CEO)

Short Summary.
Alameda Research (FTX Pet Project)
  • $2.3 billion loan to Paper Bird (Owned by SBF)
  • $1 billion loan to SBF
  • $543 million loan to Nishad Singh (FTX Engineer Head)
  • $55 million loan to Ryan Salame (FTX Digital Head)
  • FTX has loaned billions to Alameda who then loans it to themselves
Balance Sheet and Accounting
  • Fair Value of all FTX Assets is worth $659,000. SBF has been marking it as $5.5 billion
  • SBF did not include customer liabilities (like deposits etc) in the financial statements
  • FTX Group did not maintain central control of the cash including a list of bank accounts
  • FTX US, FTX Group, and Alameda do not have an accounting department
  • Financial Statements of all “Silos” have never been audited and is unreliable/fake
Former Enron bankruptcy CEO oversawing FTX bankruptcy
  • "I do not believe it appropriate for stakeholders or the Court to rely on the audited financial statements as a reliable indication"
  • "The Debtors have been unable to prepare a complete list of who worked for the FTX Group as of the Petition Date"
  • Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.
FTX Slush Fund
  • Corporate Funds of FTX Group were used to purchase homes and personal items for employees and advisors
  • Island Bay Ventures financial sheets are missing (Holds FTX's stake in Scaramucci SkyBridge)
  • Misuse of customer funds for personal gains
Other Stuff
  • $1.8bn from Sequoia, SoftBank, Temasek, Tiger Global, Ontario Teachers’ Pension Plan, etc.
  • Alameda exception from FTX auto-liquidation protocol
  • Absence of independent governance
  • Unsecured emails used for sensitive data and private keys
  • SBF and FTX employees used applications that deleted communications after a short period
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A24-B6-A0-B-F86-B-4-D1-B-BEE9-31-E8-EC40-D644.jpg
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T

tygyg1111

Captain
Registered Member
sndef888 said:
It's amazing how much more spotlight and respect Xi Jinping is getting during the recent spate of ASEAN-G20-APEC meetings than any other leader, including Biden by far.

Western "leaders" spend countless time learning all that crap about stance, posture, symbolism, handshakes etc yet still can't hold a candle to Xi

Western media imagery about China/Xi being isolated and weak has completely gone to shit
Click to expand...
Not to be facetious, but again for certain users out there, it's all about hard power
 
S

sndef888

Captain
Registered Member
FriedButter said:
Lmao. The CEO who oversaw Enron bankruptcy has said in his 40 year career that he has never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”

It’s literally worst than Enron. This is a slush fund for themselves. FTX crypto assets are worth $659,000 but was marked as $5.5 billion on the financial sheets.

God knows how hard the Western Media will be circle jerking themselves if something similar like this happened in China.

SBF = Samuel Bankman-Fried (FTX CEO)

Short Summary.


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Click to expand...
In a month this will get swept under the rug and western newspapers will continue to criticise China's "opaque and inefficient financial system" while talking about how the west has the best separation of powers, high trustworthiness, best regulations
 
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