Corporate media outlets such as the New York Times have already been accused of whitewashing Bankman-role Fried’s in the dramatic downfall of FTX and Alameda to prop up Bankman-reputation unfairly. The possibility of him attending this meeting will lend further credence to such allegations, and some people on social media have already begun referring to it as the “Summit of the Corrupt”.
BlackRock CEO to attend
Larry Fink, the Chief Executive Officer of BlackRock, will also be present. BlackRock is believed to have assets under management worth $10 trillion, and it advised the United States government in 2010 and 2020 on how to spend the money from the economic stimulus packages. During this time, some people claim that there was an interesting conflict because the government bought assets that BlackRock might well have held, such as the Federal Reserve buying ETFs in 2020.
In addition, the business has been criticized for having an excessively high concentration of funds. For instance, they hold 6.34% of Apple and 6.76% of Microsoft, and the total value of their assets under control is equivalent to approximately half of the GDP of the United States.
BlackRock is already managing assets worth $50 billion USD despite the company continuing its expansion. Additionally, they have investigated the possibility of investing in cryptos; however, there have yet to be any significant breakthroughs.
Mark Zuckerberg at the center of criticism
Since 2016, Mark Zuckerberg has been at the center of a great deal of criticism, and the stock of Facebook has significantly dropped this year. They had fallen by 67% compared to the previous year.
Netanyahu back as PM
Benjamin Netanyahu has been restored to the role of Prime Minister, albeit in a designatory capacity for the time being. It is still being determined whether he will successfully form a government even though he has the very first right to do so.
Since the 1990s, he has been in charge of Israel in one capacity or another. As a result, many others accuse him of leading that nation in the direction of not just nationalism but ultranationalism.
Speaking fees brought in a total of $7.2 million for Janet Yellen from financial institutions. In exchange, she inserted a provision in the infrastructure law classifying cryptocurrency as a “paid for” asset, which imposes extraordinarily invasive obligations on users to disclose ownership and control blockchain addresses.
This mountaintop provides Sam Bankman-Fried with an environment that is strikingly similar to that of his natural home. Even though he was supposed to be there before FTX failed, his reservation has yet to be canceled. Instead, it is anticipated that he will participate in the meeting via video link again from the Bahamas.