Last week, I had the opportunity to appear on The Problem
With Jon Stewart, one of the most popular podcasts in America. You can listen to the full episode here.
Jon and I talked about the collapse of the crypto exchange FTX and how political and media figures were seduced by Sam Bankman-Fried’s money, giving legitimacy to
a fraudulent financial scheme. Last month, I wrote about how eight members of Congress—four Democrats and four Republicans—tried to get the Securities and Exchange Commission to stop an investigation into crypto
firms, which we now know was investigating FTX. Most of those members of Congress received donations from FTX executives or their corporate PAC.
It’s the type of story that’s so old and familiar that we’ve been writing about it at the Prospect for more than thirty years, from the savings & loan scandal of the 1990s to the housing bubble and bust of 2008 to the crypto frauds of today.
The Sam Bankman-Frieds or Jamie Dimons or Warren Buffetts of the world aren't going to
bankroll the Prospect. We are uncorrupted by Wall Street and crypto money, so we're able to tell the truth about the
corporate scams that affect your life. That means we have to rely on readers like you to do the critical work of holding power accountable.
Outlets like the Prospect are vital to ensure that those with money and power aren’t the only voices in the conversation. Will you help us today with a small donation—just a few dollars a month—to elevate the voice of the people?
It’s a testament to our value and reach that we can grab the attention of Jon Stewart and other prominent personalities. None of this would be possible without reader support. Please consider joining us as a member today.
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