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Balloon Juice

Come for the politics, stay for the snark.

One way or another, he’s a liar.

Republicans firmly believe having an abortion is a very personal, very private decision between a woman and J.D. Vance.

Text STOP to opt out of updates on war plans.

The desire to stay informed is directly at odds with the need to not be constantly enraged.

All hail the time of the bunny!

DeSantis transforming Florida into 1930s Germany with gators and theme parks.

Democracy cannot function without a free press.

My right to basic bodily autonomy is not on the table. that’s the new deal.

Their freedom requires your slavery.

GOP baffled that ‘we don’t care if you die’ is not a winning slogan.

Authoritarian republicans are opposed to freedom for the rest of us.

This must be what justice looks like, not vengeful, just peaceful exuberance.

“Jesus paying for the sins of everyone is an insult to those who paid for their own sins.”

I would try pessimism, but it probably wouldn’t work.

Live so that if you miss a day of work people aren’t hoping you’re dead.

“What are Republicans afraid of?” Everything.

We are aware of all internet traditions.

So many bastards, so little time.

Of course you can have champagne before noon. That’s why orange juice was invented.

Stamping your little feets and demanding that they see how important you are? Not working anymore.

Trump should be leading, not lying.

After dobbs, women are no longer free.

You passed on an opportunity to be offended? What are you even doing here?

The most dangerous place for a black man in America is in a white man’s imagination.

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You are here: Home / Archives for Economics / C.R.E.A.M.

C.R.E.A.M.

Open Thread: Look, Over There! — An Even *More* Execrable Media Oligarch!

by Anne Laurie|  April 14, 20262:12 am| 56 Comments

This post is in: C.R.E.A.M., Media, Open Threads

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— MisterJayEm (@misterjayem.bsky.social) April 13, 2026 at 5:22 PM

When the FTFNYTimes assigns Amy ‘Chasing Hillary’ Choznick to write a puff piece about the wife of its most powerful competitor… they’re not a disinterested party. “Someone Has to Be Happy. Why Not Lauren Sánchez Bezos?” [gift link]:

A lot of things make Lauren Sánchez Bezos ridiculously happy. Helicopters. Fashion. Protecting the narwhal. Her little sister, Elena. Her five best girlfriends. And, of course, her new husband, Jeff Bezos.

She and Mr. Bezos do everything together. On a typical day, the newlyweds wake up around 6 in their new, roughly $230 million compound on Indian Creek, an exclusive private island in Miami often called “Billionaire Bunker.” They don’t touch their phones. Instead, they begin each day by listing 10 things they’re grateful for — and they can’t repeat what they named the day before.

From there, the couple drink their morning coffee in a sunroom and watch the sun rise: hers from a mug that reads “Woke Up Sexy as Hell Again,” his from one she got him that spells HUNK in symbols from the periodic table. They play pickleball. Six days a week, they work out for an hour with a private trainer. “He looks good, doesn’t he?” Mrs. Sánchez Bezos said of her new husband, in an interview in Miami in January. She slow-nodded, repeating, “He looks good.”

By now, it is hard to conjure the version of Mr. Bezos that existed before. Mildly awkward; faintly hermetic in Seattle. The logistical mastermind of two-day shipping. Now, he is gym-hardened, frequently shirtless, captured mid-laugh in paparazzi photos, canoodling on his megayacht, a man who has discovered joy, love and cosmetic dermatology.

Mrs. Sánchez Bezos has, in turn, adopted some Jeff-isms, like Amazon corporate rituals — such as requesting memos no more than six-pages long ahead of meetings at the Bezos Earth Fund, where she is the vice chair…

… Mrs. Sánchez Bezos has shown that with the right attitude and mind-boggling wealth, anything is possible. Space travel. The Met Gala. Fertility after 50.

Her happiness is infectious, undeniable, world-historical. Mrs. Sánchez Bezos treats the pursuit — and spreading — of joy as a kind of mandate. But when one of the world’s wealthiest people radiates this much happiness, is it celebration, or provocation? Is she just rubbing it in?…

Gosh, why don’t you tell us, Amy?

She used to look normal!

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— Parker Molloy (@parkermolloy.com) April 13, 2026 at 5:32 PM

Open Thread: <em>Look, Over There! — An Even *More* Execrable Media Oligarch!</em>Post + Comments (56)

Open Thread: Elon Musk’s Bagnarok

by Anne Laurie|  April 13, 20266:02 pm| 57 Comments

This post is in: C.R.E.A.M., Grifters Gonna Grift, Open Threads, Elon Musk

Subscribe the SpaceX IPO

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— Mr Market Miscalculates 🇪🇺🇺🇦🏴‍☠️ (@mrmarketmis.bsky.social) April 12, 2026 at 4:04 PM

SpaceX posted nearly $5 billion loss in 2025, The Information reports reut.rs/4miyWL8

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— Reuters (@reuters.com) April 10, 2026 at 2:05 AM

Probably this is wishcasting on my part, but Musk staging his World’s Biggest IPO Ever just as everything is about to fall apart would be a very satisfying sort of tragicomedy…

How the math works on a $1.75 trillion SpaceX valuation reut.rs/4ty4mQ7

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— Reuters (@reuters.com) April 8, 2026 at 9:01 AM

Spoiler: it doesn’t, without considerable thimblerigging. Per the Irish Times, “SpaceX IPO shows how Wall Street bends to Musk”:

“Those are my principles, and if you don’t like them … well, I have others,” Groucho Marx famously quipped. SpaceX, in advance of its planned June initial public offering (IPO), is proving the point, with banks and index providers alike bending to Elon Musk’s will…

One might expect little different from bankers eager to get a piece of what may become the largest IPO in history, but the rule adjustments being made by index providers is unprecedented, bending long-standing norms to accommodate a single company.

Nasdaq has approved a fast entry for supersized listings, allowing SpaceX to join the Nasdaq-100 15 days after listing, far shorter than the usual three months. S&P Dow Jones is reportedly considering letting SpaceX join the S&P 500 immediately, bypassing the usual 12-month public trading rule, while FTSE cut its wait to five days.

A track record as a public company aids price discovery by giving markets time to settle on a fair price. In contrast, early index inclusion will create predictable, forced demand from passive funds.

Early price inflation mainly benefits the issuer – in this case, SpaceX – allowing it to sell more shares at a higher price. Index investors risk losing out, being forced to buy high.

It seems the market is not setting the terms of the IPO; the IPO is setting the terms of the market.

From what I can tell, SpaceX is valuable because of Starlink — which is entirely dependent on huge government contracts. Government contracts, according to many business reporters, deeply dependent on Republican control of the U.S. government. Funny how that works!

Pay no attention to the sweaty grifter behind the curtain…

strange signs and portents, as BAGNAROK approaches

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— e.w. niedermeyer (@niedermeyer.online) April 12, 2026 at 7:51 PM

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I don't think this is about him being a degenerate poster… my best guess at this point is that there may be potential legal issues with pumping a new IPO exclusively on a platform he owns and operates, so he's diversifying

— e.w. niedermeyer (@niedermeyer.online) April 12, 2026 at 7:55 PM

BAGNAROK is a critical moment of consolidation for Musk's perennially ephemeral empire, the foundation of which has long been his ability to move herds on social media… diversifying and expanding his social media presence makes a lot of sense in that respect

— e.w. niedermeyer (@niedermeyer.online) April 12, 2026 at 7:58 PM

What is”BAGNAROK”? Google wouldn’t tell me

— nofoam.bsky.social (@nofoam.bsky.social) April 12, 2026 at 8:00 PM

It's my term for the SpaceX IPO. Musk has rolled Twitter and XAI into the space company because they aren't viable on their own… he is dumping his "bags" on the market to an unprecedented degree, hence the term BAGNAROK (Ragnarok is the apocalypse in Norse mythology)

— e.w. niedermeyer (@niedermeyer.online) April 12, 2026 at 8:05 PM

He's gotta get the youths and the health girlies to buy into the spacexai IPO

— pig-endian (@porkkalo.bsky.social) April 12, 2026 at 7:56 PM

He's already got the racists and the transphobes on board but he needs a broad coalition to prop up the price

— pig-endian (@porkkalo.bsky.social) April 12, 2026 at 7:59 PM

SpaceX engine explodes as Musk targets $2 trillion IPO open.substack.com/pub/oligarch… #econsky #mutuals #discover #onlyposts

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— GrammaBarb.bsky.social 🐕🫶🏻🌎💙 🌻🏔️Winter/Summer of our discontent🌨️❄️ (@snowybarb.bsky.social) April 11, 2026 at 10:52 AM

Open Thread: Elon Musk’s BagnarokPost + Comments (57)

Late Night Open Thread: Murphy The Trickster God Pricks Up His Ears

by Anne Laurie|  April 5, 20264:16 am| 168 Comments

This post is in: C.R.E.A.M., Grifters Gonna Grift, Elon Musk

Oh man, the audiobook version of the Maye Musk autobiography is sure to be a quantum leap in Geneva busting torture technologies. I'd rather have the car battery to the scrotum

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— Rude Law Dog (@esghound.com) April 3, 2026 at 10:37 PM

BAGNAROCK proceeds apace

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— GOLIKEHELLMACHINE (@golikehellmachine.com) April 3, 2026 at 1:55 PM

Gift link:

It’s not uncommon for large companies doing big deals to make demands of their bankers and lawyers.

But Elon Musk has made a particularly bold demand of his Wall Street advisers ahead of the initial public offering of his company SpaceX.

Mr. Musk is requiring banks, law firms, auditors and other advisers working on the I.P.O. to buy subscriptions to Grok, his artificial intelligence chatbot, which is part of SpaceX, according to four people with knowledge of the matter, who were not authorized to speak publicly about confidential discussions.

Some of the banks have agreed to spend tens of millions on the chatbot, and they have already started integrating Grok into their I.T. systems, three of the people said…

For almost any major initial public offering, banks find ways to ingratiate themselves with the company going public, as well as its chief executive. But after several years with few significant public offerings coming to market, Wall Street has been salivating for a deal like SpaceX, which is forecast to be one of the largest in history.

The I.P.O. is expected to raise more than $50 billion at a valuation above $1 trillion, which means the banks could generate fees in excess of $500 million for advising on the deal…

The banks’ purchases of Grok subscriptions were not merely good-will gestures, according to three people with knowledge of the arrangements. Mr. Musk insisted that they purchase the chatbot services. He has also asked the banks to advertise on X, his social media site, which is also owned by SpaceX, but was less adamant about that request, according to two of those people.

For now, five banks are expected to work on the offering — Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley. The law firms Gibson Dunn and Davis Polk are also advising on the deal…

If Musk’s newest no-pig-in-an-overpriced-poke initial public offering turns out to be anywhere near as disasterous as the Musk haterz are happy to predict, his mother’s newest book release might just be as special as her firstborn son!

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BAGNAROK keeps getting better and better

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— e.w. niedermeyer (@niedermeyer.online) April 2, 2026 at 3:52 PM

It's impolite to call Musk a genocidal white nationalist because "civility" in American discourse functions not as a neutral procedural norm but as an asymmetric weapon to shield the powerful from accurate moral characterization while policing the tone of those who object.

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— Max Kennerly (@maxkennerly.bsky.social) April 4, 2026 at 10:20 AM

At least he’s given Senator Warren and the rest of the Democrats an even more prominent target…

Elon Musk has 6.5 MILLION times more wealth than the typical American.
It’s time for a wealth tax — billionaires must pay their fair share.

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— Elizabeth Warren (@warren.senate.gov) April 3, 2026 at 9:55 AM

Late Night Open Thread: Murphy The Trickster God Pricks Up His EarsPost + Comments (168)

Open Thread: No Cash for GOP Trash

by Anne Laurie|  April 4, 20268:39 pm| 37 Comments

This post is in: C.R.E.A.M., Open Threads, Proud to Be A Democrat, Republican Venality

the republican party distilled to its essence, thank you donald trump for saying what every liberal has said about republicans and been chastised about
thank you so much for saying the quiet part loud.

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— not an art thief (@famousartthief.bsky.social) April 4, 2026 at 7:02 PM

Donald Trump might be happy to spend more money on bombs in the Middle East than on families here in America—but I am not.
The only responsible thing to do with a budget this morally bankrupt is to toss it in the trash.

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— Senator Patty Murray (@murray.senate.gov) April 3, 2026 at 11:37 AM

I certainly hope we can make Russell Vought the face of this demented budget… and watch the GOP choke on it. Politico, “The White House has a war-funding sales pitch the GOP might not buy”:

… After teasing an ambitious increase to military spending for months, the president made it official Friday by releasing a budget blueprint that would boost the Pentagon by more than 40 percent in the fiscal year beginning in October.

Yet among the congressional Republicans who will need to pass the funding, many are concerned about supersizing defense spending ahead of the coming midterm elections, especially as voters begin to feel the economic consequences of the Iran war and Democrats look to campaign on that issue…

The president’s budget asks Republicans to pass a large chunk of his defense proposal — some $350 billion — using the party-line reconciliation process to skirt the Senate filibuster and forgo bipartisan negotiations. Congressional GOP leaders have already started to embrace the concept of sidelining Democrats to boost Pentagon dollars and immigration enforcement accounts that are currently unfunded amid the broader Department of Homeland Security shutdown…

But reconciliation will require nearly every GOP lawmaker in both chambers to vote in support of a 12-figure boost for Pentagon coffers in order to bring Trump’s wish list to fruition. That will require an aggressive persuasion campaign targeting fiscal hawks who don’t want to spend on overseas wars and more moderate Republicans who don’t want to increase military spending while slashing priorities at home.

Even before Trump sent his budget request to Congress Friday, Democratic political groups had begun airing attack ads to hit incumbent Republicans for supporting military funding increases amid the U.S.-Israel onslaught in Iran, while backing cuts to health care and other domestic programs…

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When asked how the administration planned to build support for a $1.5 trillion defense budget on Capitol Hill, the White House budget office pointed Friday to statements from GOP lawmakers cheering the blueprint.

Friday’s request “shift[s] a paradigm by moving more and more discretionary spending into reconciliation,” said an Office of Management and Budget official granted anonymity to discuss internal strategy.

That statement mirrored White House budget director Russ Vought’s introduction accompanying the fiscal 2027 budget document. He nodded to his effort to undercut the tradition of bipartisan funding negotiations by skirting the filibuster to enact funding Democrats oppose, then using rescissions packages to claw back federal cash enacted in cross-party compromises…

Democrats quickly made clear Friday they have no plans to cooperate to make the president’s vision a reality. They are balking especially at the White House request for a 10 percent cut to nondefense spending — and a reduction of $73 billion from federal programs outside the military — alongside such a massive increase for the Pentagon.

Major targets of the administration’s proposed spending reductions are environmental programs across many federal agencies, including nixing $15 billion in grants for efforts such as renewable energy technology and $4 billion in transportation funds for programs supporting infrastructure to charge electric vehicles…

Mike Murphy, a former Republican consultant and frequent Trump critic, also predicted things would end badly if the GOP-led Congress allows the president to get his way.

“This thing is sucking significant financial cost,” he said in an interview Friday of the overseas military conflict. “We’ve already probably burned through $25 billion without a clear path of what we’re trying to accomplish or what victory looks like. When you stumble into war, they can be very expensive in blood and treasure. And this is the treasure part.”

lmao, i love this for all of them. try to jam a party-line reconciliation budget that slashes medicare, medicaid and all other kinds of services while ramping up giant military funding for a deeply unpopular war in an election year where both your party and president are deep underwater

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— GOLIKEHELLMACHINE (@golikehellmachine.com) April 3, 2026 at 5:53 PM

because of their extremely slim majorities in both chambers, this budget request asks damned near every single congressional republican to step directly in front of the firing squad while wearing a clown nose for a target

— GOLIKEHELLMACHINE (@golikehellmachine.com) April 3, 2026 at 5:58 PM

the white house being utterly out of touch even with republicans in congress is one of the underexamined stories of the second trump administration; the main reason to pick a senator as your VP is to send him to congress to horse trade, but vance is an unlikable prick and they don't have anyone else

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— GOLIKEHELLMACHINE (@golikehellmachine.com) April 3, 2026 at 6:01 PM

I’m not doomposting, because I can look on the bright side…

knowing he will die sooner rather than later is dope becuase it’s like knowing you have a christmas present tucked in the attic and eventually you get to open it

— not an art thief (@famousartthief.bsky.social) April 4, 2026 at 6:55 PM

Open Thread: No Cash for GOP TrashPost + Comments (37)

Saturday Morning Open Thread

by Anne Laurie|  April 4, 20267:32 am| 175 Comments

This post is in: C.R.E.A.M., Iran, Open Threads, Proud to Be A Democrat, Religion, Republican Venality, Space

While Artemis II astronauts make their way around the moon and back, take a look at some Apollo items that have touched the lunar surface.
#NASA #space #Apollo

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— The Associated Press (@apnews.com) April 3, 2026 at 1:26 PM

Republicans control the House, the Senate, and the White House. Mike Johnson sets the schedule. He chose to leave Washington without a vote on the Senate compromise to pay the TSA, FEMA, and the Coast Guard.
He should do his damn job, call us back to Washington, and reopen the government now.

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— Rep. Jim McGovern (@repmcgovern.bsky.social) April 3, 2026 at 3:08 PM

Pope Leo's Good Friday service offers prayer for deported children reut.rs/47Hznc1

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— Reuters (@reuters.com) April 3, 2026 at 4:15 PM

This might be the largest party lead I've ever seen among the double haters
www.cnn.com/2026/04/03/p…

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— G Elliott Morris (@gelliottmorris.com) April 3, 2026 at 10:18 AM

Winning double haters by 10% is usually enough to swing most elections. Winning them by 30% and things are going to get wild.

— Schnorkles O'Bork (@schnorkles.bsky.social) April 3, 2026 at 11:07 AM

The political calculations that result in cutting NASA funding the day after the Artemis II launch must be fascinating

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— Tina Smith (@smith.senate.gov) April 3, 2026 at 6:10 PM

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After passing the largest cuts to health care in American history—all to fund billionaire tax breaks & give ICE more money than most militaries—Trump now wants Congress to defund dozens of programs that help families so that he can send other people’s kids to fight a foreign war.

— Senator Patty Murray (@murray.senate.gov) April 3, 2026 at 7:22 PM

We must be prepared for disasters BEFORE they happen. That’s why I fought to reinstate funding for the BRIC program.
Let's continue to make sure states can take proactive steps to protect our communities from fires, floods, hurricanes, and other natural disasters.

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— Senator Andy Kim (@kim.senate.gov) April 3, 2026 at 11:14 AM

As someone shot down behind enemy lines, my heart goes out to the crew members and their loved ones who are waiting for answers. It's a relief one servicemember has been found and rescued, and I'm grateful for those risking their lives to look for the one who remains missing.

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— Tammy Duckworth (@duckworth.senate.gov) April 3, 2026 at 1:29 PM

my father told me once, in vietnam, the NVA had a rule of thumb (literally) – if holding out your thumb at arms length didn't cover the chopper, you could take it down with small arms fire.

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— Sky Marchini (@sky.skymarchini.net) April 3, 2026 at 8:53 PM

you were never going to get an anti-war president from a chauvinistic, jingoistic political party full of people who fantasize about being in a holy war. and yet, despite the US Army raising the enlistment age to 42, not a single one of these pro-war podcasters and pundits have signed up to fight.

— derek guy (@dieworkwear.bsky.social) April 3, 2026 at 3:44 PM

Trump starting to fire people is a big deal. The whole point of his administration has been "What are you gonna do about it lib? Lmao owned." And keeping people in the face of massive scandal was perceived as showing strength.
That he's SO unpopular that it's broken is a big deal.

— Schnorkles O'Bork (@schnorkles.bsky.social) April 3, 2026 at 10:56 AM

Also, one would note, Trump pretty clearly does not think midterms are not going to happen and is freaking out about them.

— Schnorkles O'Bork (@schnorkles.bsky.social) April 3, 2026 at 10:56 AM

It turns out that a massive reactionary administration based on "we should break everything and make everything worse for reasons we can't articulate" is turning out to be very unpopular and probably is heading for historic losses.

— Schnorkles O'Bork (@schnorkles.bsky.social) April 3, 2026 at 10:55 AM

I think they literally thought they could just flip the switch from "democracy" to "dictatorship" and just do whatever they want because they had no intention of ever leaving, and are now realizing that other people get a say in things too.

— rdmacq.bsky.social (@rdmacq.bsky.social) April 3, 2026 at 12:38 PM

Saturday Morning Open ThreadPost + Comments (175)

Late Night Diversion Open Thread: Sam Bankman-Fried’s Mother Is *Very* Disappointed…

by Anne Laurie|  March 30, 20262:07 am| 32 Comments

This post is in: C.R.E.A.M., Grifters Gonna Grift, Open Threads, Schadenfreude

www.citationneeded.news/sam-bankman-…

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— Anne Laurie (@annelaurie.bsky.social) March 30, 2026 at 1:39 AM

… That very nasty judge simply refuses to understand why her favorite performing pet beloved son should not be treated like some common felon!!!… Molly White’s Citation Needed, always a good read:

On Monday, Federal Judge Lewis Kaplan issued an order: Sam Bankman-Fried — currently serving a 25-year sentence for the massive fraud he perpetrated at his FTX cryptocurrency exchange — must declare, under penalty of perjury, whether attorneys drafted the supposedly pro se filings submitted under his name.

The order is the latest episode in an increasingly bizarre saga involving Bankman-Fried and his Stanford law professor parents, who are filing — and perhaps also drafting — legal documents on behalf of their 34-year-old son.

The whole mess began in February, when Barbara Fried — professor emerita of legal ethics at Stanford who retired in 2022a — filed on her son’s behalf a motion seeking a new trial before a new judge. This was odd from the start, as Bankman-Fried currently has an appeal under consideration before the Second Circuit, where a panel of judges heard his arguments in November that FTX merely had a liquidity problem, not a solvency problem, and that all his customers were repaid anyway, so no harm no foul. He also argued that he was deprived of a fair trial by Judge Kaplan, who presided over his 2023 trial, and who had prohibited him from discussing his reliance on FTX attorneys’ counsel after he opted not to present a formal advice-of-counsel defense. With an appeal open in which he presents the same arguments with the assistance of high-powered legal counsel, why file a separate motion at all — and why opt to proceed pro se (represent himself) despite having no legal background, rather than use those attorneys to help him draft it?

He probably shouldn’t, and legally, he can’t. A defendant cannot simultaneously be represented by counsel and proceed pro se. Furthermore, if either of his parents, or any other attorney, drafted the motion and then filed it claiming it was from their son acting pro se, they would be misleading the court. The pro se designation exists to give judges discretion to be more lenient with defendants who lack legal training, not as a vehicle for attorneys to file motions in courts where they’re not admitted while avoiding the requirements that would apply if they were openly representing their client.

If an attorney drafted Bankman-Fried’s motion, then it’s not pro se. If Barbara Fried wrote it, she’s practicing law in a court where she’s not admitted. And if Sam Bankman-Fried signed off on a filing claiming he wrote something someone else actually wrote, he’s lying to a federal judge…

Also on March 11, Barbara Fried published a Substack post comparing Judge Kaplan to Irving Kaufman — the judge who sentenced the Rosenbergs to death in the 1950s — and wrote that Kaplan “seems to take pleasure in his cruelty.”…

Sam Bankman-Fried’s campaign
This motion for a new trial is part of a multi-front public relations and legal campaign by Bankman-Fried and his family to secure his freedom, alongside his ongoing Second Circuit appeal and an increasingly overt appeal for a presidential pardon.

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From prison, Bankman-Fried has been posting to Twitter via a proxy; his account bio states “We can use BOP-approved phone calls / emails to tell others what to post on our socials.” Recent posts have heaped praise on President Trump, endorsing his war on Iran,10 claiming that oil prices have come down under his leadership, and stating that he “fixed the SEC”. He has endorsed Trump’s interpretation of his own legal troubles as an attack by a politically-motivated Justice Department, and claimed that he too is a victim of such attacks. (Although Bankman-Fried was publicly perceived as a Democrat, and was among Biden’s largest donors, he has decided that Biden caught wind of his straw and dark-money donations to Republicans and that the DOJ’s case against him was retaliatory.)…

On March 21, his parents made their pitch, sitting for their first televised interview since their son’s conviction. When asked by CNN’s Michael Smerconish what she wanted to say to President Trump, Barbara Fried made the appeal:

I think that Sam was the victim of an out of control prosecution. And I know that Trump himself feels he was. I would say also that Sam is one of the most brilliant, talented young men of his generation. And the amount of good he can do in this world, if he is free to live a life of — the life he wants would be of enormous benefit to the economy, to a lot of things Trump cares about in this world, and that he ought to regard Sam as a huge asset going forward for the country.

Throughout the interview, Bankman and Fried echoed their son: that he is innocent, that his companies were solvent throughout, that all customers were repaid with interest, and that the prosecution was politically motivated. “The Biden administration had decided to destroy crypto,” Fried said. “I am describing a part of the Biden administration that I think did really bad things.”…

Posting through it

Her behavior mirrors Sam Bankman-Fried’s own approach throughout his trial, when he demonstrated an almost pathological need to explain himself publicly. He launched a Substack where he laid out his version of events and legal theories in great detail. He spoke to journalists and participated in chaotic audio interviews on Twitter even as his lawyers likely begged him to stop creating such a robust record of sometimes contradictory statements that could (and would) later be used against him at trial. He tweeted constantly, right up until Judge Kaplan had finally had enough and yanked his bail after he leaked former lover and FTX co-executive-turned-star witness Caroline Ellison’s private diary entries to the New York Times. And ultimately, he opted to take the stand in his own defense, despite a largely unanimous opinion by outside legal commentators (and presumably his own legal team) that this would at best not help his case, and at worst be disastrous. Now, from prison, he has someone posting to Twitter on his behalf.

He constitutionally cannot help but post. And somehow he believes that this posting somehow aids his case: as though, if he can just explain his position clearly enough, everyone will finally understand. I am now beginning to believe his condition may be genetic…

Much, much more at the link.

Late Night Diversion Open Thread: Sam Bankman-Fried’s Mother Is *Very* Disappointed…Post + Comments (32)

Late Night Open Thread: Bari Weiss (& David Ellison) Not Having A Great Month

by Anne Laurie|  March 29, 20262:03 am| 41 Comments

This post is in: C.R.E.A.M., Excellent Links, Media, Open Threads, Our Failed Media Experiment, Schadenfreude

One would actually suggest with the debt load paramount is carrying, the current trajectory of CBS is very dangerous for it.

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— Schnorkles O'Bork (@schnorkles.bsky.social) March 27, 2026 at 10:12 AM

Noah Berlatsky, at his SubStack — “Bari Weiss Is A Losing Loser Who Is Losing”:

Bari Weiss, the fash-friendly new editor-in-chief of CBS News, has in six months turned a historic and respected news org into a punchline from which viewers are running like rats fleeing a ship that is sinking, on fire, and beset with plague. According to Oliver Darcy at Status, the network is “on track for its lowest-rated first quarter of the 21st century in both total viewers and the advertiser-coveted 25-54 demo.” Darcy also points out that ABC and NBC have had viewership increases in both morning and evening—which means that CBS is bucking positive trends, and/or is bleeding viewers to its competitors…

And yet, whenever more news of her disastrous tenure hits the interwebs, many on the left insist that the disasters were all part of the plan. Billionaire asshole Trump cronies David and Larry Ellison wanted to destroy CBS journalism and align the network with Trumpism, the argument goes. They don’t care if it bleeds viewers and dollars as long as its reporting is kneecapped and it toes the party line.

It’s true that the Ellisons wanted to make CBS into a Fox News clone. But part of the allure of Fox News clone status is cloning Fox’s audience numbers and revenue. Oligarchs like the Ellisons and Jeff Bezos sincerely believe that taking their media properties hard right will be a financial bonanza. When it isn’t, they lose—and the rest of us win, not everything, but real ground….

…[B]illionaires like the Ellisons and their sycophantic boot-lickers like Bari Weiss all sincerely, truly believe that they speak for the real, true core of Americanness. Elon Musk, Jeff Bezos, Bill Ackman, Donald Trump—all these heirs and hedge fund assholes and grotesque corrupt swindlers bloated with avarice and hate—they all think they are the true voice of the common man, and that the branch-campus professors pointing out that racism exists, or the trans middle-schoolers who want to play basketball, or the Palestinian-Americans existing, are the out of touch elite who must be stifled and ridiculed in the name of the volk. The oligarchs see themselves not as disgusting parasites bleeding the public dry, but as bold everydudes whose success demonstrates both their brilliance and their understanding of white male cishet bigoted Joe Average, who has been sitting in front of his television all day every day just waiting for the chance to turn his TV from Fox News to Johnny-come-lately Fox News that’s somewhat more ambivalent about being state TV for Trump and somewhat less ambivalent about being state TV for Netanyahu.

Obviously if you are not paid to stuff your head up a billionaire’s asshole every day, you are probably aware that billionaires are not in fact psychically connected to the volk. Also, it may have occurred to you that the conservative marketplace is incredibly saturated already, and that CBS viewers probably would turn on Fox News if they wanted Fox News…

Weiss believes she is the voice of the people and the people have solidly rejected her and her bullshit. That has to be a foul pill for her to swallow. Less discussed, but perhaps even more humiliating, is her utter failure to turn CBS into a force in the right-wing marketplace.

Weiss’ blogging platform, The Free Press (which CBS acquired) carved out a position as a clearinghouse for supposedly highbrow right-wing screeds, making the intellectual case for DEI, transphobia and hate—a place for Ivy Leaguers and would-be Ivy Leaguers to come together and rigorously apportion footnotes to their genocidal impulses. Weiss clearly hoped that with the oomph of CBS behind her, she could move more forcefully into the right-wing media sphere, influencing the discourse and poaching the audience of quasi-Nazi bloggers, Christofascist podcasters and manosphere YouTubers alike…

Ellison did get some of what he wanted. But he didn’t get the monetary windfall he expected. He almost surely still believes that right-wing news is a goldmine if only he could put the right person in charge. Weiss is clearly not that person—which means that her job is by no means secure. Ellison has to be doing a real gut check, too, about whether Weiss—who has destroyed CBS’ ratings and influence—is the right person to helm his new acquisition of CNN.

So yes, CBS and probably CNN have been badly damaged, oligarchy has been strengthened, journalism and a free press are harmed. But it’s also true that Weiss humiliating failures serve as a helpful tonic for all the mainstream media bozos constantly looking with wistful envy at Fox News and dreaming of a conservative turn that drives up viewer or reader numbers.

The story of CBS and the Washington Post over the last two years is a cautionary tale about right-wing branding. The country does not have some huge untapped well of underserved rabid fascists; Trump’s narrow 2024 victory did not herald a massive cultural shift for all time. Oligarchs and their minions who ignore that truth are going to lose (a lot) of money and (even more) status. And yes, billionaires hate to lose money and status. Not enough to admit they’re wrong, perhaps. But enough to take it out on people like Bari Weiss.

If I understand correctly, David Ellison is doing all this on his Daddy’s dollars. Of course, Oracle can afford to throw away a billion here & there, and Larry has been extremely indulgent of his #failson’s grandious fantasies… but one would suspect that eventually, the old man is gonna decide that it’s time for a little #tough love, yes?

Bari Weiss was given a role outside of her skillset. She’s good at finding issues the enemy coalition is cross-pressured on and relentlessly hammering them from a facially neutral position. But doing that from a Substack is different from doing it at CBS.

— William B. Fuckley (@opinionhaver.bsky.social) March 18, 2026 at 10:06 PM

show full post on front page

The one thing she has done that is worth emulating is relentlessly focusing mostly not too obviously biased reporting on where the cracks in the opposition are. But fundamentally CBS is not the same platform for that as The Free Press.

— William B. Fuckley (@opinionhaver.bsky.social) March 18, 2026 at 10:09 PM

Anyway, give me $150 million and I’ll start a publication that relentlessly reports on right wing policies regarding vaccines and tariffs.

— William B. Fuckley (@opinionhaver.bsky.social) March 18, 2026 at 10:11 PM

=====

Bari Weiss' biggest problem isn't that she's bad at journalism (she wasn't hired to do journalism), it's that she's bad at ratings-grabbing agitprop.

[image or embed]

— Karl Bode (@karlbode.com) March 18, 2026 at 1:43 PM

she'll be ousted by the end of summer and replaced with a more ruthless manfluencer brunchlord with a more savvy ability to viralize race-baiting propaganda

— Karl Bode (@karlbode.com) March 18, 2026 at 1:45 PM

I do think a particular clever and terrible right winger could fuse TikTok and CBS and hybridize broadcast TV with right wing red pill greedfluencer gambling/MMA/ culture in a very deadly way, but these folks aren't just incompetent, they're cocksure and half mad and can't see the field clearly

— Karl Bode (@karlbode.com) March 18, 2026 at 3:22 PM

Earlier:

very good piece which confirms that weiss is both exceptionally arrogant and totally out of her depth. www.newyorker.com/magazine/202…

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— jamelle (@jamellebouie.net) January 19, 2026 at 10:26 AM

Late Night Open Thread: Bari Weiss (& David Ellison) Not Having A Great MonthPost + Comments (41)

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