I really hope Caroline and Gary go to prison too.
It would be a slap in the face if they got some absurd plea deal where they didn't have to go to jail if they testified against Sam.
It would be a slap in the face if they got some absurd plea deal where they didn't have to go to jail if they testified against Sam.
On the other hand, great lawyers and connections might still make something out of it.
That's my concern. Caroline's father is an MIT professor who was previously Gary Gensler's (head of SEC) boss.
It would be extremely disheartening if Caroline gets an extremely generous plea deal due to her father's connections.
Personal connections to the head of the SEC on the other hand are valuable.
More broadly it seems like it might be blurring lines... SBF's parents being specifically Law professors, and having a certain level of access to FTX, would likely have been aware of any criminality occurring and should have tried to prevent it.
You're right that what matters is: - Ellison's father is strongly connected to the SEC head - SBF's mother was a major fundraiser for the DNC
Are you joking?
That's absolutely not the case for Economics (the context we're talking about here).
Why don't you look up the backgrounds of the people on the Federal Reserve Board of Governors?
Or, look up who drafts major legislation? If you watch MIT's Econ 101 course on YouTube, the professor who teaches it was actually the guy behind Obamacare (John Gruber).
Modern Monetary Policy has become a huge part of a base of the Democratic Party, again... drafted by an Economics Professor.
> Is everyone putting forth these theories still in college? Do they not know how little power college professors wield outside academia.
No. I'm not still in college.
You just seem to be completely unaware on how influential Economists (almost all of whom are college professors) are.
> Personal connections to the head of the SEC on the other hand are valuable
Oh yeah, head of the SEC is also an MIT Econ Professor.
But... clearly they have no power outside academia!!
Saying otherwise is a conspiracy theory!!
The former head of the SEC was also a partner at Goldman Sachs, where he co-chaired their Finance committee overseeing their internal controls, spent 4 years in an undersecretary position in the treasury department, joined the Senate staff and helped write Sarbanes-Oxley, is former chair of the US CTFC where he overhauled regulations for 6 years.
By my count, that's 12 years of high-level federal government experience, 18 years at Goldman Sachs, and maybe 6 years as a professor. And the professorship was after at least 24 years doing other things at a very high level
You seem to confuse cause and effect
The answer is unequivocally yes.
You seem to have changed the discussion to something else.
You’ve changed the argument to… i don’t even know?
The question is whether Economics Professors are influential outside of academia and if they’re well connected. The answer is obviously yes. The top professors (i.e. MIT Profs, Harvard Profs, Yale, etc.) are extremely influential far beyond academia.
I'd agree that you're right in other contexts. Like, a history professor or something. But that's not what we're talking about here.
Schools, business schools especially, like to hire influential people as professors. So there are many powerful professors. But that's not why they are powerful.
Since that's not why they are powerful, there's no reason to bring it up.
Reread the thread to see why.