#shorts On 11/14/2022, Senator Kennedy questioned FDIC’s Gruenberg, Fed’s Barr in Banking. Kennedy asked, “Let me ask you your opinion would any single one of you hire Sam Bankman-Fried to manage a food truck? Would any single one of you hire his girlfriend Caroline Ellison apparently was trading billions of dollars to manage a food truck? Can you tell me who in our federal financial services regulatory administrative state was watching FTX to make sure that no one there stole people’s money? Was anyone watching them that you know of?”

Barr: senator just from you’re dealing with things.

Kennedy: You’re a brave man I understand oh you’re dealing here with banking and credit union regulators and FTX was not engaged in the banking business or in credit union business no I’m not saying you should be. I’m just asking, you guys are at the top of the food chain in terms of financial services regulation do you know who was watching? I think who’s watching these chuckle heads well these folks I think were engaging um generally in uh in investment in trading activity and so in the first instance if you’re thinking about me like some of them were engaged in stealing well that’s under investigation now

Barr: senator so I think in the first instance you’d probably want to engage with the market regulators the SEC and the CFTC to talk about the activities and the authorities in this area.

other clips of this published longer video is here: https://youtu.be/XqdC-eVAeAI
Would you hire FTX Sam Bankman-Fried & girlfriend Caroline Ellison?