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. Vote for Now & Then in the Best History Podcast category of the Signal Awards: bit.ly/3WhbYWL Join CAFE Insider to listen to “Backstage,” where Heather and Joanne chat each week about the anecdotes and ideas that formed the episode. Head to: cafe.com/history For more historical analysis of current events, sign up for the free weekly CAFE Brief newsletter, featuring Time Machine, a weekly article that dives into an historical event inspired by each episode of Now & Then: cafe.com/brief For references & supplemental materials, head to: cafe.com/now-and-then/ftx-con-men-and-the-power-of-grift/ Now & Then is presented by CAFE and the Vox Media Podcast Network. Learn more about your ad choices. Visit podcastchoices.com/adchoices