No news to SLL readers: the alternative media beats the mainstream media every time. From Alex Berenson at alexberenson.substack.com:
While the New York Times et al offer puffery on Sam Bankman-Fried and the FTX collapse, expert outsiders sift through the wreckage and get to the truth; this is Twitter and Substack at their best
Elon Musk was proud of his $44 billion baby this morning.
Musk is right.
Fourteen years ago, when Bernie Madoff’s massive hedge fund collapsed, the New York Times and other elite media aggressively dug into what had happened – and why and how regulators had failed to stop it. I know – I was part of the Times team.
By this point, business reporters were experienced covering financial collapse. Along with al Qaeda and Iraq, Wall Street’s various meltdowns were the story of the 2000s, starting with the technology stock crash in 2000, running through Enron and the other giant accounting frauds, and culminating in the bank crisis and Madoff.