FTX, Con Men, and the Power of Grift

Following the collapse of the cryptocurrency exchange FTX and the undoing of its CEO, Sam Bankman-Fried, Heather and Joanne discuss the businesspeople and money-makers who have fallen hardest throughout American history. How do we find the line between the “con man” and the capitalist?

Heather and Joanne talk about the mid-1800s origins of the “con man,” the loss of belief in financiers during the Great Depression, and the Keating Five scandal of the late 1980s.

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