QuickBooks 🤣

Hi Friends,

I had some work to do that didn’t require a lot of brain power, just a grind it out type job. So I decided to start listening to the US Senate hearing that occurred this week with the new CEO of FTX, John Ray, answering questions from the Finance committee.

It was interesting to hear the candid answers from Mr. Ray as he explained the complete lack of a control environment, the fact that FTX and Alameda Research were run as essentially the same company, and the complete disregard for basic financial infrustatructure for a multi-billion dollar company - the funniest of which to me was they were running the company on QuickBooks :)

With Sam Bankamn-Fried essentially owning nearly all of FTX and Alameda Research and having intimate control of both, his recent comments on the contrary to podcasters and YouTubers goes to show he continues to lie to everyone.

I hope Mr. Lay can find ways to recoup much of the investors losses.

Thanks for coming by,
Brian