Jamie Loftus
๐ค SpeakerAppearances Over Time
Podcast Appearances
It was in the Washington Post article about this guy as like, look at this.
This is like a noteworthy moment from his career, this like bad joke that he made.
But I guess that's what fucking Stanford people find funny.
Yeah, I don't get it.
Now, everything you find about these people is like, wow.
Like, is their friends talking about like, it's so shocking that this could happen.
You know, these were like the best people we knew.
They were so concerned about ethics.
They raised their sons like little adults and they were always talking about utilitarianism.
How could this have gone wrong?
I don't know.
I feel when I read anecdotes about them, like it's pretty obvious why it went wrong.
And to kind of make that point, Jamie, here's a quote from an excellent write up by Puck News.
Quote, Bankman, who once boasted to a friend that his father had dutifully recorded every cash receipt, wrote three case books on tax shelters and tax evasion, becoming one of the country's leading experts on the subject.
One of Bankman's law students in those early years was Peter Thiel, who later told Bankman that his tax law class was his most valuable because he was able to put a lot of his Facebook stock in an IRA, as Bankman would later recall in a podcast.
This modest feat of financial engineering would save Thiel more than a billion dollars.
So ethics, Jamie!
Avoiding a billion dollars in taxes so that Peter Thiel can spend it...
Given Joe Swastika money to write New York Times columns on racism.
Hooray.