A recent opinion piece by the Wall Street Journal’s Allysia Finley led with the question/title “Where Was Biden’s SEC Sheriff on Sam Bankman-Fried?” At risk of speaking for Finley, isn’t it safe to say she knows exactly Gary Gensler was?
Gensler was sitting in his office utterly clueless about something amiss at Bankman-Fried’s FTX much as any Republican head of the SEC would have been. Which is kind of the point, or should be. Stating what should be obvious, if regulators could see around the proverbial corner, they wouldn’t be regulators. This is a simple truth that’s not getting enough attention now as Bankman-Fried is vilified, and predictably politicized.
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