I think in SBF we farmed out our consciences. Like people who say “there need to be atrocities in war so that people who live in peace” we thought “SBF can do trade dodgy coins stuff so that we can help, but let’s not think about it”. I don’t think we could have known about the fraud, but I do think there were plenty of warning signs we ignored as “SBF is the man in the arena”. No, either we should have been cogent and open about what he was doing or we should have said we didn’t like it and begun pulling away reputationally.
I think in SBF we farmed out our consciences. Like people who say “there need to be atrocities in war so that people who live in peace” we thought “SBF can do trade dodgy coins stuff so that we can help, but let’s not think about it”. I don’t think we could have known about the fraud, but I do think there were plenty of warning signs we ignored as “SBF is the man in the arena”. No, either we should have been cogent and open about what he was doing or we should have said we didn’t like it and begun pulling away reputationally.