Maxine Waters continues to show the world her true colors with her latest tweet to disgraced FTX founder Sam Bankman-Fried.Â
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As chairwoman to the Financial Services Committee, people expect her to take such a high profile case with more concern. This tweet to Sam Bankman-Fried requesting him to a hearing was nothing short of despicable. Let’s take a closer look at what she said and see why it’s caused such an uproar.
Townhall reports, The House Financial Services Committee chairwoman, Maxine Waters, praised disgraced cryptocurrency investor Sam Bankman-Fried’s candor in admitting what happened with the collapse of FTX. She said that she would welcome him to attend a future hearing.Â
In a tweet on Friday, Waters said, “[Sam Bankman-Fried], we appreciate that you’ve been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company’s customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.”
The FTX and Alameda Research funds that Bankman-Fried handled were mishandled to a point of criminality. Since then, FTX has filed for Chapter 11 bankruptcy, losing billions of dollars in the process.
Maxine Watters’ tone towards Bankman-fried is especially concerning, given that the California lawmaker was caught on camera blowing him a kiss following a hearing in the past.
Watch
FTX was not an independent donor to both party candidates, this is a company that donated favorably to the Democratic party candidates.
Fox News reported last month that FTX founder Sam Bankman-Fried contributed heavily to Democratic candidates during the midterm election cycle through a little-known political action committee (PAC).
In total, Bankman-Fried contributed approximately $38 million to candidates and PACs in 2021 and 2022, mostly to Democratic candidates and left-wing groups, according to Federal Election Commission filings (FEC).
However, the majority of his political contributions went to a group called Protect Our Future PAC, which supports candidates who work to prevent pandemics in the future.
According to the PAC’s website, “Our country’s leaders failed to prepare for a pandemic experts warned for years was possible, and the result was more than a million preventable American deaths, trillions of dollars in economic damage, school closures, loss of freedoms, and untold suffering.”
It went on, “Our candidates are committed to safeguarding our nation from future global pandemics, so this is the last time in our lifetime, and our children’s lifetimes, that we will face the devastation that has gripped communities across the U.S. since 2020.”
The entire FTX scandal ought to cause an uproar across the country. Had a high Republican donor pulled a stunt like this, he would never see the light of day from both sides. Conservative what to hold everyone accountable, especially the people on their side. While Democrats only want to hold Republicans accountable. That is where our country is, one party wants to control everything and only hold one side accountable. The whole point of democracy is to have two or more sides that can openly compete against each other in a fair fight. When you only hold one side accountable, it creates an uneven playing field that favors the party in power. This is how authoritarian regimes start, by slowly chipping away at the opposition until they are the only ones left standing. This is not how America is supposed to function, and it’s time we go back to holding everyone accountable for their actions, regardless of party affiliation.
Let’s continue this conversation, in the comments below.
