Mr-Bovine_Joni t1_j9tn2iy wrote on February 24, 2023 at 2:03 PM

Reply to comment by Eternally65 in Becca Balint cooperating with federal prosecutors as new allegations against Sam Bankman-Fried emerge by HappilyhiketheHump

Did you happen to read the article linked? It explains the situation pretty clearly. The money came from the LGBTQ Victory Fund

From the article:

> Silver reiterated what she and her boss have said for months: “The Balint Campaign has never had any contact with Mr. Bankman-Fried and has never solicited donations from him or his FTX associates. The campaign has no knowledge of how Mr. Bankman-Fried's political contributions were solicited or given.”

Also:

> We are keeping [fund from SBF and associates] in our sequestered account awaiting DOJ guidance on what to do,” Silver continued. “But we very much are looking to get this money back to the people who were harmed by this alleged fraud and are really hoping that the U.S. Attorney's Office can get to the bottom of what happened so that we can move forward.”

Eternally65 t1_j9ty6j8 wrote on February 24, 2023 at 3:22 PM

I read it. It seems to me that the Victory Fund spent money, but the $26,000 was contributed by mostly un-named individuals including Bankman-Fried. If you have a different interpretation, I'm all ears.

Something stinks here, but that is to be expected when dealing with politicians, as far as I can tell. I don't know why I keep getting surprised and disappointed.

All I can do is continue to vote against every incumbent in every election. Except Bernie. I like Bernie.

yerkah t1_j9ubzli wrote on February 24, 2023 at 4:51 PM

Nothing stinks here at all from the perspective of the Balint campaign, regardless of your thoughts on her. Campaigns not only are under no obligation to investigate the motives or sources of random contributions from individuals, it can be potentially illegal for them to do so. The $26K donated via these personal contributions is a drop in the bucket compared to the funds donated to the Balint campaign by individual donors, let alone the very high number of people within and outside of Vermont who did so. Individual donors could have donated via PayPal to Balint's campaign through her website, using an unnamed PayPal account, as long as donations are below the threshold limit for campaign financing. This could have happened to Sanders or any other progressive candidate receiving many small donations from individuals through grassroot campaign fundraising. This is how campaign finance works, and the statements by her campaign manager were direct and sensible. There is a good argument that Balint isn't responsible for returning any of the FTX funds, legally speaking. But politically, they don't want to hold onto money if the DOJ concludes that the donor procured it through fraudulent means.

There is simply a (reasonable) bias that all politicians are inherently "crooked," so when applying that bias, it's easy to assume the worst despite no evidence to that effect.

Eternally65 t1_j9uh238 wrote on February 24, 2023 at 5:23 PM

"When buying and selling is controlled by legislation, the first things to be bought and sold are legislators."

I am continually amazed at the gullibility of the politically active, on both sides of the political spectrum.

The Balint campaign clearly was able to identify the source of the funds - yes, it "could have happened" some other way. But it didn't. I would posit that 99% of politicians are crooked, starting with the "slightly bent" at the local level, and rising up to "twisted like a pretzel" DC politicians. Balint is no different: she, like all successful politicians, wants to win. At all costs. Pay any price. Compromise any principles. "I don't think of it as selling out, I prefer Buying In."

By DC standards, normal politicians (and their staffers) are those that can be bought - corrupt politicians can only be rented.

cpujockey t1_j9un3gc wrote on February 24, 2023 at 6:01 PM

> bias that all politicians are inherently "crooked,"

Well when we get to the parts about lobbying and all - it really paints a picture, but that's not the case here. In time there will be some lobbyist that will corrupt her and turn her into a DC pawn. Give it time.