15 Burst results for "Ryan Pinder"
The Crypto Overnighter
"ryan pinder" Discussed on The Crypto Overnighter
"Filing cited an email from SPF to the attorney general in which he said that he would allow bahamians to withdraw assets. The commission statement also said that raise filings continue to wrongly confuse The Bahamas government, the commission and the court appointed liquidators. The Bahamas securities commission said it is conducting a thorough investigation into the reasons behind FTX failure. However, it's been necessary for the commission to request that raise representatives do not obstruct the investigation. The commission noted that ray has not once contacted them to discuss his concerns before discussing them publicly. Lawyers are currently involved in in dispute over how to dismantle Sam bankman fried's empire. This has got bahamian officials and former employees demanding access to FTX IT systems amidst claims that Bahamas villas purchased for FTX staff were wrongly included in the chapter 11 bankruptcy hearings that began on November 11th. On Monday, Bahamas attorney general Ryan pinder confirmed that he ordered SBS arrest at the request of U.S. authorities. Now another potential wedge between the U.S. and The Bahamas over this are some rather bizarre claims that The Bahamas government reportedly worked with Sam to issue a new cryptocurrency. Allegedly, after the collapse of FTX in November, The Bahamas government asked sbf to mint new digital assets worth hundreds of millions of dollars. They allegedly also asked him to transfer the new tokens to the control of island officials. Further, Bahamas officials reportedly tried to help Sam regain access to the computer systems at FTX. American lawyers claimed that Bahamas officials were responsible for directing unauthorized access to FTX systems in order to take control over the digital assets under the supervision of a U.S. court. This conflict between FTX restructuring executives in the United States and officials in The Bahamas has escalated. According to U.S. lawyers, liquidators in The Bahamas asked a U.S. judge for access to FTX data controlled by their American counterparts. This would include trading data, email records, and other information. In a court filing on Tuesday, the lawyers reportedly wrote that The Bahamas authorities asked for live dynamic access to the data.
Double Tap Canada
"ryan pinder" Discussed on Double Tap Canada
"And there's never a good reason for that ever. You should stand by what you say. If you're going to be attacked before a tweet, it's either justified or it's not justified. And if it's not justified, then you can defend yourself and you can stand up and say, I stand behind you. You've never been at the end of a Twitter war, have you? I haven't. No. No, you're right. It's like trying to drink from a fire hose. It is not easy. And you do not have and I really feel for people who are lucky in the sense that I have the view of social media that is, it's not really that important. And I was watching that video the other night, actually, someone saying this saying, one hand that's we think of it is not that important, but equally so important because whatever you see on it has such weight and it's a real kind of paradox going on because in one hand, you're thinking, well, and I do, I kind of think, I still am amazed people even, I remember when news would start quoting tweets and I think really people quoting tweets was that about some ramblings of a mad person. Why is that? Big news. But no, that's the thing. Everybody just gets tweeted and quoted and the comments, you know, it's just become that. And I don't know. Because I don't look at that way, I was able to kind of back out of it a little bit easier. And also I didn't respond to the trolls, which is the answer, don't respond. The answer to everything, but there's no reason why you shouldn't. As I said, I think you should always be identifiable online. No matter what. Okay. Also the story of the day as well. Everyone's talking about is just over one month. After the crypto exchange FTX filed for bankruptcy, Ryan pinder, who's the attorney general of The Bahamas, announced the arrest of its founder and former CEO Sam bankman fried SPF, as he's become known. The old SPF, old SPF, finger looking good. Absolutely. According to the notice theoretically one of the U.S. government of criminal charges filed against bankman fried chicken and said it's likely to request his extradition from the nation where he was residing and which had served as a base of operations for FTX. The collapse revealed that SPF and his associates had appeared to use customer deposits with FTX to prop up his other business, the trading firm Alameda research and once a run on FTX revealed it liked the funds to pay back customers the exchange quickly shot down operations. So yeah, it looks like that's all come to an end. They've got the guy in custody, so we'll see what happens to him. He said himself. All that talk about ethics and all that ace just lip service that we had to pair. You're damning yourself you're condemning yourself, but hey Ho, he did what he did? Yeah, absolutely. Okay, one more voicemail, Ronnie has been back in touch with his whole idea from Ronnie. And on the subject of naming things, I mentioned job job earlier while Ronnie isn't telling us about things she's naming as well. Hi guys, Merry Christmas, happy holidays
77WABC Radio
"ryan pinder" Discussed on 77WABC Radio
"Enjoy most about the weekend ladies and gentlemen The government has shut down And notice we have like 28 national federal holidays can never have enough And what happens on those holidays Oh the bureaucrats take a vacation The government is shut down right So when the government shut down from Friday night to Monday morning and when the government shut down on national federal holidays nobody squealing Act most of us are enjoying ourselves Have you noticed subpoenas warrants rarely issued on the weekend Have you noticed if you call the Department of Agriculture for some information Nobody's on the other end of the phone Have you noticed regulations aren't issued on the weekend Have you noticed this Have you noticed That you're freer on the weekend than you are during weekdays Isn't that a good thing And then the government you're not working to shut down for two weeks Oh my God So what Republicans not repubcans and rhinos What real conservatives should say is we're just taking a two week holiday That's all Presented to two week holiday folks on social security as a matter of law you'll get your checks folks using Medicare as a matter of law you'll get your checks Veterans as a matter of law you'll get your checks and some others That's carved out Just a vacation For the bureaucrat to paid vacation they're always reimbursed for the time that they're out It's a pretty good gig if you can get it Mister producer you're not paid for the times that you're out beyond the times you're allotted are you
77WABC Radio
"ryan pinder" Discussed on 77WABC Radio
"What makes it bad? Interesting. Bahamian authorities have arrested Sam bankman freed after U.S. law enforcement filed charges against the former crypto billionaire, Muhammad's attorney general. Ryan pinder said the U.S. had filed unspecified criminal charges against bankman frieden was likely to request his extradition. So he's arrested today at the request of the United States in Bahamas. And now they can ask for his extradition. Now why is this weird? Because he was supposed to testify in public. Tomorrow. Before Congress, and because overwhelmingly, his ties and financial support has been the Democrats. And now he won't be testifying before Congress. And I'm sure he won't be saying very much at all. Is the timing weird mister producer? Isn't that timing weird America? So we have threats against Republican members of the House judiciary committee, the oversight committee, among others, from David Brock, a media matters, and Soros connections and Democrat party connections and billionaire dark money connections. To intimidate, Republican members from investigating the Biden crime family and just now. Breaking news breaking news, rail breaking news, not phony breaking news. Real breaking news, FTX, founder. And phony billionaire, Sam bankman freed, he was just arrested in The Bahamas at the request of United States federal law enforcement authorities, and therefore will not be able to testify before Congress. What they couldn't wait 24 36 48 hours, what was he going to do? Leave The Bahamas for what? For Caribbean island? I don't know. So he's arrested in The Bahamas after the after the Biden administration files criminal charges against him. So he's been shut down from public testimony before the House or the Senate. And now I guess he won't be squealing like a stuck pig on Democrats. Willie. Good move there, Merrick Garland, huh? If you need a mob attorney, Merrick Garland's the guy. He's the guy. He makes Bruce cutler look like a like an amateur. Remember him he was Scotty's lawyer. Another course there is David Brock. We're going to expose these Republicans. And he ties it to any investigation of Hunter Biden, if you don't investigate Hunter Biden, we won't expose you. Oh, okay. Is that bother anybody? How about mister war crimes investigator and prosecutor? Is that bother him? How about any of the legal analysts out there? Is that bother any of you? How about the sketchy timing of this move by the U.S. department of injustice and the American Stasi? Does that bother you? Now get Trump, get him, get him.
CoinMarketRecap: Daily Crypto News
"ryan pinder" Discussed on CoinMarketRecap: Daily Crypto News
"I think that we're not going to know right now, but we're definitely going to know in the future when we will understand more fully why residents and The Bahamas were able to withdraw money and who those people were. I mean, Sam said during the DealBook interview, I did this because I did not need the Bahama, the bahamian government mad at me. I saw a rumor online. It was The Bahamas attorney general's sister that withdrew money, et cetera. So I think that until we understand what happened there, we can't really give The Bahamas a round of applause for their reaction. Yeah, well, there was a particularly strong line from Ryan pinder and he kind of was trying to say to governments around the world, you know, this is your problem as well as ours. Any attempt to lay the entirety of this debacle at the feet of The Bahamas because FTX is headquartered here would be a gross oversimplification of reality. The dozens and dozens of companies involved registered in numerous jurisdictions across the world, the scope of related parties, including some of the world's most sophisticated investors. Demonstrate the cross border multi juris jurisdictional nature of this event. FTX it's important to remember was a group of like a 130 companies. FTX digital markets was licensed in The Bahamas. It was based in The Bahamas. Alameda research wasn't. And there are loads and loads of smaller companies that are based everywhere from Japan to Switzerland. They're all over the place. No, it is everyone and also like as I've said when with do Kwan and Luna Terra, if your users are truly global and you're in some ways using a decentralized technology or a cryptocurrency or et cetera, I think there are so many unanswered questions about how to regulate and how to prosecute. Honestly. Yes. Do you think SPF will end up facing criminal charges? When it first broke, I was convinced. And I'm less convinced now. What about you? Why do you say that first? Why are you less convinced now? I'm less convinced now because the U.S. government has not issued any sort of statement or investigation publicly as far as I know. There's no wire fraud allegations. There's no nothing coming from the government at this time. But bearing in mind, especially in the U.S., oftentimes charges only end up coming a couple of years down the track, especially in the crypto space. That is true and they definitely could be working on a private investigation that will then come forward. I just, I expected because the scale was so big, I expected it to happen more quickly, like Bernie Madoff, the comparison was made in the stephanopoulos interview. I'm not saying that his Ponzi scheme was uncovered and he was arrested the next day, but the government, I believe, had something to say about it pretty soon. And the government right now just seems weirdly silent to me. If jail time is going to be the result. But I say that without really any expertise in the matter. Yeah. Well, I mean, in The Bahamas, I mean, they were trying to stress that they've been keeping their cards quite close to their chest. They've been confirming that there are civil and criminal investigations into FTX ongoing, but they weren't really delving into the details of what's being looked into.
CoinMarketRecap: Daily Crypto News
"ryan pinder" Discussed on CoinMarketRecap: Daily Crypto News
"Or mislead, I wouldn't do all these interviews. If you're going out there and not telling the truth, why would you give so many different interviews? I think that you can believe a truth. That is not the truth. Yeah. Yeah. No, that's fair. No, I agree. So there's been all sorts of other different bits and bobs of lines. We've seen that Amazon is now planning an 8 episode drama into FTX, which is probably the least surprising news I've heard, and also there's some book rights that Apple have snapped up indicating that arrival TV show may be in the works. And I mean, it is a made for Hollywood story, isn't it? It is, it's a little complex, but if they do it in the same way they did the big short, then it could weirdly do a lot for crypto education. Yeah. Just before we move on though, I do want to talk about The Bahamas because over the last weekend, the attorney general there gave a really interesting news conference. It was actually a public address. It lasted for about 23 minutes. And the thrust of this news conference was to kind of basically defend The Bahamas and defend the way it regulates because of course given what's happened to FTX in its collapse. There is now a lot of scrutiny on The Bahamas. It's like, it's their did their regulations fail. Did they do enough? Were there regulations to lacks? This is what attorney general Ryan pinder had to say. The securities commission, our financial intelligence unit, and the financial crimes unit of the royal Bahamas police force will continue to investigate the facts and circumstances regarding solvency crisis. And any potential violations of bahamian law. They will hold accountable any responsible companies and individuals and act in cooperation with other regulatory agencies and law enforcement bodies, both here in The Bahamas and in other countries that are affected. These events remind us of the lessons learned from securities and other financial regulation about the need for strong cross border cooperation. The public worldwide will be best served by strong international regulatory cooperation. That means more jurisdictions taking up the challenge. Following our lead and implementing strong regulatory frameworks. So if anything, he says that the Hemi insecurities commission deserves praise, he says that they've moved quickly and decisively to suspend FTX license, no other country could move as fast. Does The Bahamas have something to answer him, Molly Jane, or do you think that they've done everything by the book?
Unchained
"ryan pinder" Discussed on Unchained
"Thanks for tuning in to this week's news recap. Sam bankman fried tries to win over the public. As we just discussed on the show, former FTX CEO Sam bankman fried, did an interview with Andrew Ross Sorkin at The New York Times DealBook summit. But he was also in a number of other places this week. In response to a question of whether the funds from FTX were sent to Alameda, his trading firm, which was led by Caroline Ellison, he said that he screwed up and that he didn't knowingly commingle funds. Additionally, he said that he didn't intend to commit fraud. As was noted on the chopping block live stream show on Wednesday, which will be released on the podcast tomorrow, whether bangon free knew what was going on or not is very important because that could determine whether he will face criminal or civil charges. Many on crypto Twitter did not believe a word of freed's comments. Benny lingam at general partner at multicoin capital said, the SPF legal strategy is to attempt to characterize fraud as incompetence in order to stay out of jail. David Marcus, cofounder and CEO at light spark, said he was speechless at the level of reality distortion field at play here. However, SPF got at least one supporter, CEO of Pershing square and billionaire Bill ackman tweeted he believes SPF is telling the truth, which promptly got ratioed and to which SPF responded, that he deeply appreciates it. Also this week in an audio interview with Celsius creditor Tiffany fong, SPF dismissed the rumors of a back door, which he allegedly used to move funds from FTX to Alameda without triggering any alerts. He also addressed the value of FTT, the token of FTX, saying that it was more legit than most tokens. In a later interview with ABC News, George Stephanopoulos on Good Morning America, bankman fried claimed again that he knew nothing about the improper use of FTX funds. And so that he didn't even try to do risk management. However, talking with New York magazines, SPF said he wishes he hadn't bailed out the industry, and he avoided the question of how the customer's funds were lost. BlockFi, sues, FTX. Apart from filing for bankruptcy, BlockFi is also suing Sam bankman fried over Robinhood shares that FDX fledged his collateral. Bing van fried held about 7.6% of Robinhood class a common stock. According to BlockFi, his first day court bankruptcy hearing, FTX and Alameda research, oh, over $1 billion to BlockFi with Alameda owing $671 million on a now defaulted loan and FTX owing $355 million in frozen funds. Apple decides that users of coinbase wallet shall not transfer NFTs. Tech giant Apple valued at $2.36 trillion that blocked the latest version of coinbase wallet until a feature that allows users to set an entities over iOS is disabled. The decision has to do with apple's policy of charging a fee of 30% for every transaction going under a mobile application in its operating system iOS. According to coinbase, Apple wants to collect 30% of the gas fees required to send an NFTs. Coinbase was openly critical of apple's decision, the company wrote, this is akin to Apple trying to take a cut of fees for every email that gets sent over open Internet protocols. Apple has introduced new policies to protect their profits on the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem. Authorities have their eyes on FTX. The implosion of FTX keeps resonating with authorities in Washington and The New York Times DealBook summit US Treasury secretary Janet Yellen called it the Lehman moment for crypto. In addition, during a Senate banking committee hearing, senator Elizabeth Warren called FTX not much more than a handful of magic beans. Meanwhile, during the first Senate hearing on FTX, CFTC chair rostin venom kept pushing for his agency to have more power to regulate the crypto industry. He said to prevent this from happening again, we must be provided appropriate authority by Congress. As was previously announced, legislators and regulators are probing the collapse of FTX. The House financial services committee announced that it will hold its first FTX hearing on December 13th, hoping to get clearer answers about the mismanagement of the company. Additionally, in a speech on Sunday, The Bahamas attorney general Ryan pinder said that regulators in the country are also investigating Sam bankman fried and FTX. Genesis is being investigated by regulators. According to Barron's, genesis is being investigated by the Alabama securities commission in other states. Regulators are reportedly studying how crypto firms are connected to each other. The connection between genesis and retail investors and the possibility that genesis violated securities laws. One of the most pressing issues of DCG and genesis is grayscale Bitcoin trust or GBTC. Many were worried that amidst the liquidity crisis, genesis was going to dump its GBTC on the market. Ryan selk is founder of masari, brought some calm for GBTC shareholders. Saying that it's not possible for DCG and genesis to sell GPT because of certain market rules that don't allow them to do so. South Korean authorities seek an arrest warrant for terraform labs cofounder Daniel shin. Jan hap, a South Korean news agency reported that the sole southern district prosecutor's office is seeking an arrest warrant for terraform labs cofounder Daniel shin. To a form labs is the entity behind the terrible blockchain, which collapsed in May, along with its native tokens, Luna, and UST. Shin, who's no relation of mine, is being accused of allegedly taking illegal profits of around $105 million through sales of Luna before Tara collapsed. In addition, the prosecutor's office issued warrants for three other terraform labs investors and four engineers. The news comes after a prior request to arrest Doe kwon, cofounder of the company. Wrapped tokens cause confusion amongst some crypto people. Crypto Twitter is where everything happens, and it can be a great source of information. But this week, it certainly went the other direction. Many influencers such as Eric wall, Anthony sissano, and band tag started messing around and saying that wef, the wrapped token of ether was going to depict and that it was insolvent. This isn't possible since this is a smart contract and barring a hack, it's easy to see at all times that the west contract is fully backed. While they meant it as a joke, there were many who misunderstood the message leading to widespread confusion. Since wef is such an important backbone of decentralized financial applications, fear spread throughout people who didn't catch the joke. And a related note, Keiko, a company that provides data and reports to institutions published a blog post saying that wrapped assets were under scrutiny, highlighting WTC's discounted Bitcoin of negative 1.5% days
The Bitboy Crypto Podcast
"ryan pinder" Discussed on The Bitboy Crypto Podcast
"And we've had a massive development here in the last 9 hours. And unfortunately, right now, I can't tell you what it is. But I can tell you that we're hoping that this is going to lead to something absolutely massive by the end of the day. That we are really trying to figure out some logistics on something that the Internet would kill for right now. And if we're able to make happen, what we think we're going to make happen, it's going to be closure. It's going to be clarity or are going to be questions answered that nobody else is going to be able to give you guys and so this is what we're pulling for. We are now here for at least a day. We are heading over to tether to Delta bank. And let me tell you, when we get back to stateside, we're going to tell you some of the stuff that we found that we can't even talk about right now while we're still here in The Bahamas. So maybe tomorrow I can call in and show you guys something. That people are going to be absolutely shocked that we got. And you know, I think that this is the kind of situation that's ever developing and people are, you know, last night we got to go with the bahamian government or, well, when an activist, Lincoln, Lincoln Bain, he's a big guy here in the moments. Everybody who we talk to at the casino, the dealers, the wagers is they all know who he is. He might be the next president of The Bahamas. We did a live stream with him where we reacted to what was going on with the statement from Ryan pinder, the attorney general here. He left the government, went and worked for del tech bank and then his came back to the government now. We watched the thing last night where basically he talked about what's going on here.
The Crypto Overnighter
"ryan pinder" Discussed on The Crypto Overnighter
"After three arrows capital claps, BlockFi announced that they liquidated somebody. They wouldn't say who? And apparently that liquidation was not quite enough. Because then they accepted a $250 million line of credit that would grow to 400 million. Hand in hand with that increase was also something that would let FTX acquire BlockFi. Now that part of the deal never came about as FTX had to file bankruptcy earlier this month. As a late breaking development, the Financial Times is reporting that BlockFi is suing Sam bankman freed. They want his shares of Robinhood. Their claim is that SPF promised those shares as collateral earlier this month. Specifically, BlockFi sued SPF's emergent fidelity technologies. And this complaint was filed in New Jersey, which is the same place that BlockFi has filed for bankruptcy. Sam bought 7.6% of Robinhood earlier this year. In their filing, BlockFi claims that they entered an agreement with emergent on November 9th. But also, BlockFi named the brokerage involved. ED and F man capital has apparently refused to transfer the collateral to BlockFi. And on the FTX train, the next bit of news comes to us from the U.S. commodity future trading commission. Because there has been some question lately, and those questions are centered around FTX derivatives and the CFTC. Because before everything went south, FTX and the CFTC weren't talks about a controversial plan to streamline the market structures rules. While CFTC chair rustin venom is denying that the CFTC and FTX work close to an agreement. Now typically speaking, trading, clearing our two different roles when it comes to settling crypto derivatives contracts. While FTX was proposing to merge those two roles, but of course that was before FTX imploded. Chair benham said quote, there are elements of the application that I think have merit. But ultimately, we didn't come up with a decision. We were not actually even close because there were more questions. He cited issues in terms of law, policy, and risk. Now, FTX is pitched for this was that by streamlining the process, this lets customers assess and respond to risks in real time. And that idea was called unique by venom. And he defended the relationship between FTX and his officials as they worked their way through the process. Quote, FTX and its management team came in quite frequently. As the chairman of the agency, I wanted to be squarely involved to make sure that I was seeing what was happening in terms of the process. But that's not all. Benham also defended the digital commodities consumer protection act. Now he said that if the CFTC gets oversight over spot markets, it would be able to protect crypto investors because then they can move to stop bad actors. This came after a question about the same legislation that Sam bankman fried was Schilling on the hill. It's venom's position that the CFTC could not legally supervise much of FTX or their activities. That it would be different under the DCC PA because in addition to handing responsibility of spot markets over to the CFTC, it would also increase transparency into non public exchanges. That transparency would help ensure customer funds and company funds don't get intermingled. Venom stood by the bill. He said quote, I think it's important that we filled this regulatory gap before more harm is done to retail investors and institutional investors as well. He said that the bill would provide for a more direct supervision. That's because the CFTC could require crypto firms to register if they're dealing in digital commodities. And finally, let's take a look at the tiny island nation at the center of the FTX fiasco. The Bahamas, because they've been busy. And I'm not even talking about BitBoy's visit. Now, this time we're talking about Ryan pinder. He is The Bahamas attorney general, as well as the minister of legal affairs. And pender said FTX is undergoing an active investigation by bahamian authorities. Now this came to us from a statement delivered live on the prime minister's Facebook page. Pinder said that FTX digital markets was under investigation by civil and criminal authorities. He also said that bahamian authorities have engaged a number of specialists and experts and will continue to do so as the need arises. He went on to say that the securities commission and the financial crimes unit of the royal Bahamas police force will be investigating the facts about FTX as bankruptcy and any criminal violations a law. He also said that they would be holding any companies or individuals responsible for any broken laws discovered in the investigation. He said quote, these events remind us of the lessons learned from securities and other financial regulation about the need for strong, cross border cooperation. The public worldwide will be best served by a strong international regulatory cooperation. But pinder is also taking exception to how he feels that his country has been represented in the press. At first, he believes that John Jay ray is guilty of misrepresenting the actions of The Bahamas. John Jay ray is the new CEO that FTX brought in to oversee the bankruptcy and reorganization process. Well, in a court filing, ray and FTX accused The Bahamas of ordering quote unauthorized transactions. The response to that accusation from pinder was, quote, it is extremely regrettable that in chapter 11 filings for bankruptcy protection made in New York last week that the new chief executive of FTX trading limited, not The Bahamas based FTX digital markets, but an affiliate company incorporated an Antigua and Barbuda, misrepresented the timely action taken by the securities commission and used inaccurate allegations lodged in the transfer motion that they followed to do so. He also took the time to point out that standard and poor's has forecast a stable outlook for The Bahamas economy. Pinder said that there was, quote, no material adverse impact from FTX is collapse. He said, any attempt to lay the entirety of this debacle at the feet of The Bahamas because FTX is headquartered here, would be a gross oversimplification of reality. We have been shocked at the ignorance of those who said that FTX came to The Bahamas because they did not want to submit to regulatory scrutiny. And that last bit is an accusation I've heard a few times. The story being that FTX was only interested in The Bahamas because our soft on regulation. So it is not surprising to me that they don't want to be known as legally lacks. Now it looks like this case is going to give the world a chance to see if indeed The Bahamas is interested in justice or just looking like they are. And that's going to do it for us on a Monday night. I want to thank you, my listeners, because when you stop listening, I will stop talking. We'll see you tomorrow night.
The Breakdown
"ryan pinder" Discussed on The Breakdown
"Safe. And award winning client engagement teams are available for support 24/7. By crypto instantly with fast flexible funding options on kraken. Download the crack an app on Google Play or the Apple App Store or visit kraken dot com to join. To sum up where we left off, the last non interview show was Saturday November 19th. At that point, we had discussed how the $420 million meme raise went directly into Sam's pockets, how Sam's white collar crime lawyers had fired him as a client, how the SEC, the CFTC, and the DoJ all said their investigating, and how new CEO chief overseeing the restructuring John ray claimed that the bahamian bankruptcy was at odds with the U.S. process and further that given that The Bahamas asked for FTX to transfer some assets to them after the chapter 11 bankruptcy was declared that they might actively be compromised as well. And this gets us to one of the stranger dimensions of this whole conflict, which is the international dimension. On Sunday Night, Ryan pinder, who's The Bahamas attorney general, as well as the senator and the minister for legal affairs, made a national address detailing the nation's view of the FTX collapse. One might hope that he would use this as a chance to denounce the fraudulent practices that the company perpetuated. But, alas. That is not what we saw. Instead, pinder characterized the collapse as a quote insolvency crisis, which has been, quote, experienced around the world in practically every sector. He claimed the case should be properly understood as a quote very large business failure as a result of questionable internal management practices and corporate governance. He viewed the catalyst of the FTX collapse as the exchange suffering a liquidity crunch or a run on the bank. And of course, we've seen this framing in media sources as well. Basically blaming binance CEO CZ for instigating a bank run on a competitor and treating the collapse as a normal corporate failure rather than asking why FTX failed to be able to service customer withdrawals, especially given that their terms of service laid out the customer funds were held on trust rather than used for other purposes. Now, sidebar, this is one of the most important things to be paying attention to right now. As relating this entire situation. It is extremely clear that Sam is trying to turn this story his FTX story into one of managerial and competence rather than fraud and deception. This is to be clear another lie. Don't get me wrong, there was incompetence to be sure. But it was incompetence that happened on the back of illicitly shipping billions of dollars of customer funds that he had promised not to to a hedge fund to do God knows what with, which is not incompetence but fraud. If there's one thing to keep repeating, it is that fundamental truth in this situation. Anyway, the biggest thing about the whole Bahamas speech was that it was a clapback at John Jay ray, for accusing them of potentially being involved in some of the nefarious practices. Regarding John ray's remarks, senator pinder noted that there were ongoing civil and criminal investigations, which should not be commented on and said, quote, we are all authorities here in abroad at a minimum to exercise at least the same amount of prudence and restraint in their public commentary as we do, so as not to prejudice any of the proceedings that are ongoing. Directly speaking to the U.S. based bankruptcy proceedings, pinder suggested that quote, it is possible that the prospect of multi-million dollar legal and consultancy fees is driving both their legal strategy and their intemperate statements. And went on to quote urge prudence and accuracy in all future filings in all matters. Any attempt to lay the entirety of this debacle at the feet of The Bahamas, he said, would be a gross oversimplification of reality. We have been shocked at the ignorance of those who have said that FTX came to The Bahamas because they did not want to submit to regulatory scrutiny. Now it's clear from Sam statements that he sees aligning with The Bahamas jurisdiction over the U.S. as key to the existential battles he's fighting. Since his long meandering non apologetic 32 tweet thread on November 16th, he's had just 5 retweeted quote tweets. Four of those were regarding this speech, which I think gives clear further evidence of where Sam sees his alignment. What's the 5th quote treat you might be asking? Oh, just confirmation that Sam will be speaking with The New York Times as Andrew Ross Sorkin at the deal book summit on Wednesday. Wait, what? Yep. On Wednesday, November 30th, The New York Times will charge $2499 for participants to hear from speakers including Ukraine's president zelensky, Mark Zuckerberg, former prime minister of Israel, Benjamin Netanyahu, former U.S. vice president Mike Pence, and Sam. Now the crypto community was livid but DealBook founder in New York Times editor Andrew Ross Sorkin defended the move, saying in a tweet, there are a lot of important questions to be asked and answered. Nothing is off limits. Looking forward to it. Look, I won't lie when I say that this is one of the most frustrating parts of this entire affair. I've spent a lot of times behind the scenes in my DMs, telling journalists asking for commentary exactly what I think of coverage so far. I don't want this to overwhelm today's show, which is really meant as a catch up, and I'm sure that we'll talk more about it after that appearance on Wednesday. But just to leave it, I'll quote a couple folks who I think have the right of it. When Alden tweeted SPF remains unrested and invited to major New York Times conferences. It's beyond weird at this point. Mikey polito from block works just ask the question, what's the argument for why The New York Times is so nice to SPF still? Hard to believe a top 5 all time financial criminal is getting this treatment. What's more, it's not just The New York Times. Regarding a Wall Street Journal article called Sam bankman fried said he would give away billions, broken promises are all that's left, Noah bloom from the ambitious crossover attempt podcast rights, he did not have a plan to save the world. He had a plan to make people think he was going to save the world instead of buying his parents a $121 million mansion in The Bahamas. You've been had. These stories are like hearing the Nigerian who scammed them is going to prison and think, I hope he cut me that $10 million check before he got arrested, finally Zach vol writes FTX exploded two weeks ago. SPF is having Thanksgiving dinner in a penthouse with his family, The New York Times will interview him next week, Amazon is already planning an 8 part miniseries about it with two marvel directors, clown world doesn't even begin to describe it. Now, all of that said, The New York Times did write an article on the 23rd that has caused a major stir. Crypto firm FTX ownership of U.S. bank raises questions. The super TLDR of this is that Alameda research invested $11.5 million in a tiny little bank called Farmington state bank earlier this year. At the time of the investment, it was the nation's 26th smallest bank out of 4800. Its net worth was 5.7 million, according to the FDIC. And remember, this was an $11.5 million investment. So why would FTX and Alameda be interested in this bank? Well, it's not exactly clear. What is clear, however, is that in 2020, the bank was bought by FB H the chairman of FBA, his John chaopan, who is also the chairman of Deltek bank, which is also based on The Bahamas and who's best known client is tether. I'm not going all the way down the rabbit hole today because I think this is going to be a topic that keeps coming up. But I will quote Camden fine. A bank industry consultant who said, the fact that an offshore hedge fund that was basically a crypto firm was buying a stake in a tiny bank for multiples of its stated book value should have raised massive red flags for the FDIC state regulators in the Federal Reserve. It's just astonishing that all of this got approved. So where we are now with the FTX saga is that we are at the hearing stage of this problem. The Senate ag committee is holding a hearing on Thursday titled why Congress needs to act, lessons learned from the FTX collapse and on December 13th, the financial services committee and the House will hold a hearing called investigating the collapse of FTX part one. The European Parliament will also hold a hearing on FTX on Wednesday. Now, as we wrap up, what about the other big contagion follow that everyone has been watching and worrying about? Which is of course genesis and by extension the digital currency group. Going into Thanksgiving week, there were rumors of a sizable hole in the balance sheet of either genesis or DCG. Withdrawals from genesis lending had been halted, impacting institutional access to credit across the industry and impacting retail yield products including Gemini's offering. In truth, there just haven't been very many updates. On Friday, Barron's reported that several state regulators were looking into whether genesis had violated securities laws, but that obviously wasn't where people were focused. And in some ways, crypto, Twitter's discussion about all of this has just been trying to look at different scenarios, especially those regarding any potential unwinding of the grayscale Bitcoin trust. For now, unfortunately, we don't have any useful updates, but I expect that we'll see something in the next couple of days. So that is where we are starting coming off of Thanksgiving, heading into December. I'm sure that there are going to be fireworks to go with this warm holiday month coming up. But hopefully they're a little bit more about the conclusion of the last chapter than anything new and unexpected. Fingers crossed. For now I want to say thanks again to my sponsors next to IO, circle and kraken, and thanks to you guys for listening. Until tomorrow be safe and take care of each other. Peace
The Breakdown
Bahamas AG Defends Its Crypto Savvy in Wake of FTX Crash
"To sum up where we left off, the last non interview show was Saturday November 19th. At that point, we had discussed how the $420 million meme raise went directly into Sam's pockets, how Sam's white collar crime lawyers had fired him as a client, how the SEC, the CFTC, and the DoJ all said their investigating, and how new CEO chief overseeing the restructuring John ray claimed that the bahamian bankruptcy was at odds with the U.S. process and further that given that The Bahamas asked for FTX to transfer some assets to them after the chapter 11 bankruptcy was declared that they might actively be compromised as well. And this gets us to one of the stranger dimensions of this whole conflict, which is the international dimension. On Sunday Night, Ryan pinder, who's The Bahamas attorney general, as well as the senator and the minister for legal affairs, made a national address detailing the nation's view of the FTX collapse. One might hope that he would use this as a chance to denounce the fraudulent practices that the company perpetuated. But, alas. That is not what we saw. Instead, pinder characterized the collapse as a quote insolvency crisis, which has been, quote, experienced around the world in practically every sector. He claimed the case should be properly understood as a quote very large business failure as a result of questionable internal management practices and corporate governance. He viewed the catalyst of the FTX collapse as the exchange suffering a liquidity crunch or a run on the bank. And of course, we've seen this framing in media sources as well. Basically blaming binance CEO CZ for instigating a bank run on a competitor and treating the collapse as a normal corporate failure rather than asking why FTX failed to be able to service customer withdrawals, especially given that their terms of service laid out the customer funds were held on trust rather than used for other purposes. Now, sidebar, this is one of the most important things to be paying attention to right now. As relating this entire situation. It is extremely clear that Sam is trying to turn this story his FTX story into one of managerial and competence rather than fraud and deception. This is to be clear another lie.
CoinDesk Podcast Network
"ryan pinder" Discussed on CoinDesk Podcast Network
"The last non interview show was Saturday November 19th. At that point, we had discussed how the $420 million meme rays went directly into Sam's pockets, how Sam's white collar crime lawyers had fired him as a client, how the SEC, the CFTC, and the DoJ all said their investigating, and how new CEO chief overseeing the restructuring John ray claimed that the bahamian bankruptcy was at odds with the U.S. process and further that given that The Bahamas asked for FTX to transfer some assets to them after the chapter 11 bankruptcy was declared that they might actively be compromised as well. And this gets us to one of the stranger dimensions of this whole conflict, which is the international dimension. On Sunday Night, Ryan pinder, who's The Bahamas attorney general, as well as the senator and the minister for legal affairs, made a national address detailing the nation's view of the FTX collapse. One might hope that he would use this as a chance to denounce the fraudulent practices that the company perpetuated. But, alas. That is not what we saw. Instead, pinder characterized the collapse as a quote insolvency crisis, which has been, quote, experienced around the world in practically every sector. He claimed that the case should be properly understood as a quote very large business failure as a result of questionable internal management practices and corporate governance. He viewed the catalyst of the FTX collapse as the exchange suffering a liquidity crunch or a run on the bank. And of course, we've seen this framing in media sources as well. Basically blaming binance CEO CZ for instigating a bank run on a competitor and treating the collapse is a normal corporate failure rather than asking why FTX failed to be able to service customer withdrawals, especially given that their terms of service laid out the customer funds were held on trust rather than used for other purposes. Now sidebar, this is one of the most important things to be paying attention to right now. As relating this entire situation. It is extremely clear that Sam is trying to turn this story his FTX story into one of managerial and competence rather than fraud and deception. This is to be clear another lie. Don't get me wrong, there was incompetence to be sure. But it was incompetence that happened on the back of illicitly shipping billions of dollars of customer funds that he had promised not to to a hedge fund to do God knows what with, which is not incompetence but fraud. If there's one thing to keep repeating, it is that fundamental truth in this situation. Anyway, the biggest thing about the whole Bahamas speech was that it was a clap back at John Jay ray for accusing them of potentially being involved in some of the nefarious practices. Regarding John ray's remarks, senator pinder noted that there were ongoing civil and criminal investigations, which should not be commented on and said, quote, we urge all authorities here in abroad at a minimum to exercise at least the same amount of prudence and restraint in their public commentary as we do, so as not to prejudice any of the proceedings that are ongoing. Directly speaking to the U.S. based bankruptcy proceedings, pinders suggested that quote, it is possible that the prospect of multi-million dollar legal and consultancy fees is driving both their legal strategy and their intemperate statements. And went on to quote urge prudence and accuracy in all future filings in all matters. And the attempt to lay the entirety of this debacle at the feet of The Bahamas, he said, would be a gross oversimplification of reality. We have been shocked at the ignorance of those who have said that FTX came to The Bahamas because they did not want to submit to regulatory scrutiny. Now it's clear from Sam's statements that he sees aligning with The Bahamas jurisdiction over the U.S. as key to the existential battles he's fighting. Since his long meandering non apologetic 32 tweet thread on November 16th, he's had just 5 retweeted quote tweets. Four of those were regarding this speech, which I think gives clear further evidence of where Sam sees as alignment. What's the 5th quote treat you might be asking? Oh, just confirmation that Sam will be speaking with The New York Times as Andrew Ross Sorkin at the DealBook summit on Wednesday. Wait, what? Yep. On Wednesday, November 30th, The New York Times will charge $2499 for participants to hear from speakers including Ukraine's president zelensky, Mark Zuckerberg, former prime minister of Israel Benjamin Netanyahu, former U.S. vice president Mike Pence, and Sam. Now the crypto community was livid but DealBook founder in New York Times editor Andrew Ross Sorkin defended the move, saying in a tweet, there are a lot of important questions to be asked and answered. Nothing is off limits. Looking forward to it. Look, I won't lie when I say that this is one of the most frustrating parts of this entire affair. I've spent a lot of times behind the scenes in my DMs, telling journalists asking for commentary exactly what I think of coverage so far. I don't want this to overwhelm today's show, which is really meant as a catch up, and I'm sure that we'll talk more about it after that appearance on Wednesday. But just to leave it, I'll quote a couple of folks who I think have the right of it. When Alden tweeted SPF remains unrested and invited to major New York Times conferences. It's beyond weird at this point. Mikey polito from block works just ask the question, what's the argument for why The New York Times is so nice to SPF still? Hard to believe a top 5 all time financial criminal is getting this treatment. What's more, it's not just The New York Times. Regarding a Wall Street Journal article called Sam bankman fried said he would give away billions, broken promises are all that's left, Noah bloom from the ambitious crossover attempt podcast rights, he did not have a plan to save the world. He had a plan to make people think he was going to save the world instead of buying his parents a $121 million mansion in The Bahamas. You've been had. These stories are like hearing the Nigerian who scammed them is going to prison and think, I hope he cut me that $10 million check before he got arrested. Finally, Zach vol writes FTX exploded two weeks ago. SPF is having Thanksgiving dinner in a penthouse with his family, The New York Times will interview him next week, Amazon is already planning an 8 part miniseries about it with two marvel directors, clown world doesn't even begin to describe it. Now, all of that said, The New York Times did write an article on the 23rd that has caused a major stir.
The Decrypt Daily: Bitcoin & Cryptocurrency News Podcast
"ryan pinder" Discussed on The Decrypt Daily: Bitcoin & Cryptocurrency News Podcast
"Time is 1130 a.m. eastern standard time. We have Bitcoin sitting at $16,085 down 3% in 24. Ethereum is at $1161, down 4.6% in 24. Taylor number three, B and B is at two 91 down 6.8% in 24 and USD C's number 5. Rounding off the top ten we have B UST XRP dose, which is down 11.5% after a massive rally over the weekend. Cardano's number 9 in Matic is number ten. Our total market cap is down 3.6% in 24 at 813.3 billion. Our BTC dominance is at 38% and our F dominance is at 17.5. Moving into today's headlines just got this email a couple minutes ago about a half hour ago from black fight. And blackfyre says dear Matthew, blackfire today voluntary filed petitions for chapter 11 reorganization. This action follows a shocking event surrounding FTX and associated corporate entities, and the difficult but necessary decision we made as a result to pause most activities on our platform. Since the pause, our team explored every strategic option in alternative available to us, and has remained laser focused on our primary objective of doing the best we can for our clients. These chapter 11 cases will enable black fights to stabilize the business and provide BlockFi with the opportunity to consummate a reorganization plan that maximizes value for all stakeholders, including our valued clients. Rest assured we will continue to work on recovering all obligations owed to as promptly as practicable. And there is a couple more paragraphs in that email, but it looks as though it's official BlockFi has filed for bankruptcy. Japan's line is shutting down its U.S. exchange bit front in the new year in an effort to focus on its other blockchain ventures. The messaging company said in a notice to customers that new sign ups have been suspended as of today. And services will be slowly turned off over the next four months. Line which runs the line blockchain system and the link ticker LN token said that the decision has been taken in the best interests of its other projects. Line, however, clarified that the decision was not connected to the FTX debacle. And today I learned that line had an exchange, and a token. And if you guys are wondering what the token's price is, I looked it up right now and the price is $25 and 39 cents. It's down 6% in 24 hours. It has a market cap of $159 million, and it's all time high was holy crap. $347 and 83 cents set two years ago on April 1st, 2021 is down 93% since then. Now moving into the plethora of FTX news. Ryan pinder, attorney general and minister of legal affairs for The Bahamas, held a late Sunday press conference to defend the integrity of our jurisdiction. Asserting that, despite his country's reputation, as a crypto Paradise, and haven for crypto schemes, The Bahamas is a place of laws. He said this in quote. We have been shocked by the ignorance of those who assert that FTX came to The Bahamas because they did not want to submit to regulatory, scrutiny. In fact, the world is full of countries in worcesters, no legislative or regulatory authority over a crypto and digital asset business. But The Bahamas is not one of those countries. He continued to acknowledge The Bahamas, enormous interest in the FTX case, but warned that the basic facts have been obscured by guessing games and rumors. He said this in quote, on a basic level, recent events evolving the assault sea crisis experienced by the FTX group of companies have been experienced around the world in practically every sector. What happened could be more readily understood as a case of very large business failure as a result of questionable internal management practices and corporate governance. And so the question still is there is out there, where is Sam banking freed the founder of FTX? Well, the community is taking the search in their own hands. And this is a weird and cool at the same time. The cool part, I think, is that the crypto community is actually looking for Sam, that's what the journalists should be doing. That's what we should be getting from I mean, this is one of the biggest scams of all time. And people are just saying they're like, let's just see where Sam is. He'll pop up. Go find the guy. What are you supposed to be doing? You're a journalist. Go find him. Dig down. What's happening? Where is he? And so I think it's really cool that the crypto community or influencers are going out there. However, I kind of question the intentions of the influencers. If it's just not for their influence, or they actually trying to get a result here. And so we all know influencers like Ben Armstrong, AKA BitBoy, or BitBoy crypto, he's gone to The Bahamas to try to find Sam. He's been in front of his penthouse. He's been asking security guards. He's been to SBS parents property probably that they own in The Bahamas. YouTuber Gabriel Haynes also decided to go to The Bahamas, he successfully crowdfunded $10,000 to fly himself and his family to The Bahamas to look for Sam, Bingham fried. He told decrypt this that he's currently on his way to the island, and he isn't confident he'll be able to find SPF. I want to make some good, fun content for people to enjoy. People who have lost a lot of money in this and have gotten so many messages from people how they felt so much better from watching my videos about SPF and the whole collapse. He also commented about BitBoy. He said, I get why he's doing it. It feels like no other authority actually cares. And I really like that comment. And I think that's why journalism is going to the hands of individuals and YouTubers and podcasters way over mainstream and mainstream is literally failing. I also have a decrypt opinion piece from editor in chief Dan Roberts that I want you to read. It's called 5 lessons from the stunning implosion of SPF and FTX. What are those 5 lessons? The fall of another false crypto idol. A plot twist at the end of a business rivalry? A victory lap for DeFi advocates, centralized crypto exchanges. They're not dead, and more bad news for the industry than good. Mink is in the show notes. And finally today, in all news, headlines and FTX news, following the collapse of FTX multiple U.S. regulatory agencies have open investigations into FTX and other centralized exchanges and operators as the contagion continues. Now the Alabama securities commission and other states are investigating genesis global capital. I will tell you what those other states are, but I click the link in the decrypt article and it opened up a link with a paywall, so I guess I'm SOL. Thank you for listening to this episode of the decrypt daily. I will be back tomorrow. And until then, happy, HODLing, everyone.
CoinMarketRecap: Daily Crypto News
"ryan pinder" Discussed on CoinMarketRecap: Daily Crypto News
"Hello to you, welcome to coin market recap on Monday, the 28th of November. I'm Connor sefton with coin market caps easy to understand look at the top crypto stories. Hope you've had a good weekend and we're going to jump straight in as we're focusing on one story today. The attorney general of The Bahamas has made a 23 minute address to the nation following the collapse of FTX. The island nation and its regulations have been in the spotlight after Sam bankman freed's exchange imploded. At only general Ryan pender, stressed The Bahamas is a place of laws and described FTX as a very large business failure as a result of questionable internal management practices and corporate governance. He stressed about the FTX group consists of over 100 companies based in dozens of jurisdictions around the world and said FTX digital markets is the only company regulated in The Bahamas. Not Alameda research. Pinda defended the actions taken by the country's regulators. The speed of which the securities commission was able to move was remarkable by any standard. Over the course of 8 days, market confidence was lost in a company which at one point had a $32 billion valuation. The securities commission deserves the highest praise for moving so swiftly and decisively to suspend FTX digital markets license and appoint the provisional liquidator. The attorney general said no other jurisdiction in the world would have been able to move this quickly and the circumstances. And he stressed and active and ongoing investigation into FTX digital markets is taking place that involves both civil and criminal authorities. The securities commission, our financial intelligence unit, and the financial crimes unit of the royal Bahamas police force will continue to investigate the facts and circumstances regarding FTX and solvency crisis. And any potential violations of bahamian law. They will hold accountable any responsible companies and individuals and act in cooperation with other regulatory agencies and law enforcement bodies, both here in The Bahamas and in other countries that are affected. These events remind us of the lessons learned from securities and other financial regulation about the need for strong cross border cooperation. The public worldwide will be best served by strong international regulatory cooperation. That means more jurisdictions taking up the challenge. Following our lead and implementing strong regulatory frameworks. Ryan pinder went on to attack FTX new CEO John ray and accused him of making inaccurate allegations in filings to a U.S. bankruptcy court last week. The attorney general described this as extremely regrettable. It is possible that the prospect of multi-million dollar legal and consultancy fees is driving both their legal strategy and their intemperate statements. In any case, we urge prudence and accuracy in all future filings in all matters, pain that later said that the collapse of FTX will not affect the performance of the bahamian economy and had this message. Any attempt to lay the entirety of this debacle at the feet of The Bahamas because FTX is headquartered here would be a gross oversimplification of reality. The dozens and dozens of companies involved registered in numerous jurisdictions across the world, the scope of related parties, including some of the world's most sophisticated investors. Demonstrate the cross border multi jurisdictional nature of this event. And it is deeply misguided to conclude that reluctance to communicate the details of an active investigation means that nothing is happening. In fact, the government's discretion stems from how seriously we take our commitment to the rule of law and the independence of the securities regulator in The Bahamas. We have been shocked at the ignorance of those who assert that FTX came to The Bahamas because they did not want to submit to regulatory scrutiny. In fact, the world is full of countries in which there is no legislative or regulatory authority over the crypto and digital asset business. But I must say The Bahamas is not one of these countries. He concluded by saying The Bahamas will not apologize for aspiring to be at the forefront of the crypto sector and said the country stands by the quality of its regulations. Like the dotcom boom and bust of the past, we believe that the turbulence currently being experienced by the digital assets sector will pass. And that there is still much potential for growth and opportunity ahead. In fact, I am fully confident that as matters progress and the activities of the FTX group are either restructured or wound down, The Bahamas will emerge. Held in even higher esteem. A turbulent cryptocurrency period on a global basis and the downfall of a single bahamian company in no way threatens a bright future for The Bahamas. For today's coin market recap, please do leave us a review if.
Bloomberg Radio New York
"ryan pinder" Discussed on Bloomberg Radio New York
"Many changes frontier has rolled out in the past to cut costs, including charging fees for carry on luggage, snacks, and advanced seat assignments. And a music history news back on this date in 1969, The Rolling Stones played their first four shows at Madison Square Garden in New York City. They played to over 55,000 fans over the four night concert. I'm Chris. And I'm Brian Curtis in Los Angeles. Let's check this out as top business stories and the markets. The bohemian government has blasted the person in charge of restructuring crypto exchange FTX. It's the latest salvo in an escalating fight over what remains of the crumbled exchange. The Bahamas attorney general Ryan pinder said recent statements made in U.S. bankruptcy proceedings were regrettable, and that they misrepresented actions taken by The Bahamas securities watchdog. Tensions have been rising after more than 100 FTX companies filed for bankruptcy in the U.S. on November 11th. A major source of conflict has been The Bahamas regulators move to then seize the digital assets of the local FTX unit. While U.S. retailers discounted heavily on Black Friday to clear out inventories, but customers responded with only modest traffic. And that left profitability in doubt for many chains. More from Bloomberg susannah Palmer. Brick and mortar retailers, which were hit hard by COVID-19 closures and by shoppers seeking to avoid the virus. Saw in store traffic tick up 2.9%, this Black Friday compared to 2021, that, according to preliminary data compiled by sensormatic solutions, U.S. consumers are still spending but they're growing more cautious after contending this year with the highest inflation rates in four decades. Ecommerce spending on Black Friday rose 2.3% to 9.12 billion, according to Adobe analytics. Susanna Palmer reporting, Asian stocks are trading lower led by selling of Chinese assets. The unrest in China over the weekend from COVID controls has led to sympathy selling right across the board. Right now we see the hanging index down 2%, the nikkei down half a percent in Taiwan, the Thai X is trading down 1.2%. Global news, 24 hours a day, live and on Bloomberg quick take brought to you by 2700 journalists and analysts in a 120 countries. In Los Angeles, I'm Brian Curtis. This is Bloomberg. This is Bloomberg Wall Street week. We'll turn our attention to the markets this week. U.S. CPI members reinforcing concerns about inflation. The financial stories that shape our world. A really different reaction of our more indications of just how hot the U.S. economy really is. Through the eyes of the most influential voices. Larry summers, the former treasury secretary Catherine Keating, CEO of BNY mull and Sam zell, chairman and founder of equity group investment. Bloomberg Wall Street week with David Weston from Bloomberg radio. Giving thanks for what we've been through for downs as well as ups and for the opportunities yet ahead of us. This is a special Thanksgiving edition of Bloomberg Wall Street week. I'm David Westin. This week, America celebrates that holiday known as Thanksgiving. When we gather with family and friends, remembering a time nearly 400 years ago, when British settlers feasted to celebrate their survival and to give thanks to the American Indians who made it possible. This year, most of us can be thankful that we haven't had to survive scenarios, anything like those early Massachusetts colonists. Though we are mindful of all those who have lost loved ones to the pandemic over the last three years. We all lost something. A collective suffering, a collective sacrifice, a year filled with the loss of life and the loss of living. And to Ukrainians who have spent most of the year valiantly fighting off Russian invaders at a great cost of blood and treasure. We will not give up, we will not lose. We will fight till the end at sea in the air, we will continue fighting for our land. Whatever the cost. But for the rest of us, it has been a year of great uncertainty as the economy has come back, but at the cost of mounting inflation. Inflation is extremely high. But the levels were unimaginable, 18 months ago. And so we have to get that under control. And the beginning of belt tightening that has played havoc with the plans of so many. As reflected in markets that have struggled week to