Levine calls out the Ponzi scheme: “It sounds like you are telling us you are in the Ponzi business, and business is good.” Sorkin blindly accepts Saylor’s nonsense.

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This interview is so disturbing on so many levels. When Sam Bankman-Fried was interviewed on Bloomberg, at least Matt Levine was intelligent enough to call it out and say “it sounds like you are telling us you are in the ponzi busines, and business is good.”

Sorkin swallows Saylor’s completely nonsensical use of exotic sounding financial terms without pushing back an inch.

I rarely comment on individual securities but when Saylor tells you in this video that you should buy his converts, you really do not want to listen to him! The SEC was designed with an eye to stopping ponzis before they get big, and they have completely abdicated responsibility for this function to the very market participants who have once again lost their minds. People please be careful and take a breath before putting your money into stuff like this.

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