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Behind the Bastards

CZM Rewind: The Last Sam Bankman-Fried Episodes (Secretly About Michael Lewis)

27 Nov 2025

Transcription

Chapter 1: What is the backstory of Michael Lewis and his relationship with Sam Bankman-Fried?

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This is an iHeart Podcast. Guaranteed human. I'm investigative journalist Melissa Jeltsin. My new podcast, What Happened in Nashville, tells the story of an IVF clinic's catastrophic collapse and the patients who banded together in the chaos that followed. It doesn't matter how much I fight. It doesn't matter how much I cry over all of this. It doesn't matter how much justice we get.

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None of it's going to get me pregnant. Listen to What Happened in Nashville on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey everybody, it's Michelle Williams, host of Checking In on the Black Effect Podcast Network. You know, we always say new year, new me, but real change starts on the inside.

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It starts with giving your mind and your spirit the same attention you give your goals. And on my podcast, we talk mental health, healing, growth, and everything you need to step into your next season whole and empowered. New year, real you. Listen to Checking In with Michelle Williams from the Black Effect Podcast Network on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

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Chapter 2: How does Michael Lewis's portrayal of financial figures influence public perception?

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Have you ever listened to those true crime shows and found yourself with more questions than answers? Who catfishes a city? Is it even safe to snort human remains? Is that the plot of Footloose? I'm comedian Rory Scovel, and I'm here to tell you Josh Dean and I have a new podcast that celebrates the amazing creativity of the world's dumbest criminals.

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It's called Crimeless, a true crime comedy podcast. Listen on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Who would you call if the unthinkable happened? My sister was shot 22 times. A police officer, right? But what do you do when the monster is the man in blue? This dude is the devil. He'll hurt you.

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This is the story of a detective who thought he was above the law until we came together to take him down. I said, you're going to see my face till the day that you die.

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Chapter 3: What are the implications of Michael Lewis's writing style on his subjects?

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I got you, I got you, I got you. Listen to The Girlfriends, Untouchable, on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey, everyone. Robert Evans here with Behind the Bastards, and we've got some kind of sad news today. You know, this is going to hit members of the community pretty hard.

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But 48 years ago, on November 10th, 1975, the SS Edmund Fitzgerald went down in Lake Superior, killing all 29 crew members on board.

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this is a hard time of the year for for everybody here at behind the bastards for all of you at home and the only thing that makes it easier is the knowledge that both the russian federation and the chinese government have recently substantially increased the sizes of their nuclear stockpile while the united states is in the process of renovating its own nuclear weapons and my my hope i think all of our hope is that

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the leaders of our world can kind of band together in this time of conflict and sadness to finally expend the entirety of their nuclear stockpiles, detonating them over Lake Superior. You know, that's my hope. I know it's all of your hope back at home. And I really think what can carry us through this is some classic Mao era propaganda posters, showing Joe Biden, Xi Jinping,

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and Vladimir Putin walking hand in hand, surrounded by a crowd of little kids in Red Guard uniforms, heading towards the light of a new atomic sun, while a series of mushroom clouds detonate over Lake Superior's depths. Anyway, welcome to the show, Jamie. That's so I mean, first of all, thank you. Thank you for that.

Chapter 4: How does Sam Bankman-Fried's behavior reflect on the narrative constructed by Michael Lewis?

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I needed to hear it. I think we all the image you described. And I hate that my mind went here. Conjure the image of Paul Walker in the convertible next to Brian Griffin. That's right, that's right, that's right. That was sort of what I was picturing. The image you described has that exact same image. Just throw someone in the backseat, same exact shit. Yes, that's the dream, Jamie.

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That's the dream. God, what a beautiful, beautiful dream. I really think about being a member of Paul Walker's family at the time that image was circulating. You mean from your jacuzzi filled with $100 bills, yes. Even so, my loved one, my dearly departed, being thrown in a convertible next to a cartoon dog who, to add insult to injury, would be resurrected within months.

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Brian the dog was resurrected, I think, on the same timeline as Jesus Christ. Yeah, more or less like, yeah, very similar characters. Yes. Yeah. And we can all agree that both have been on Bill Maher's show. They're both Maher heads and they also and they both are, you know, like middling authors. Yeah. I would say. Yeah. Yeah. That's fair to say. So, Jamie. Yeah. Speaking of mediocre men.

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How do you feel? Have you been keeping up with the story of Bastard's Pod alumni, Sam Bankman Freed? Okay, so I know the broad strokes, but as soon as the joyous news started coming in, I knew that we were going to be doing this and I don't know any of the particulars except for tweets of yours that have been algorithm to the top of my feed.

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There's no one I would rather be with to let it just wash over me. Robert, can I ask you to please share your working title for this episode because it's Oh, yeah. It's Sam Bankman not freed and in parentheses because he is in jail. I think it's funny. I think that that is far superior to Sam Bankman jailed. Yeah. No, that's not creative at all.

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You got to spend a lot of extra words to make it creative. I'm not interested in other perspectives on that title. I think that you got it exactly right. Thank you. Thank you. Yeah. Yeah. Brevity is some bullshit, as a great author once said. So... Jamie, speaking of great authors, 80% of this episode is shitting on Michael Lewis, the author of The Big Short. Oh, yeah.

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No, we're really... This is going to be a great one for the Lewis heads in the audience. Wow. Okay. Okay. This is going to be... Oh, buckle up. Yeah. Now... This is relevant. The man just said buckle up. Oh, yeah. Strap the fuck in and down. We are we are starting with Michael Lewis, author of The Big Short. We're OK.

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I feel like when I recently saw a picture of my three year old niece going to a Wiggles concert and I just caught myself smiling in the same way. This is great. Yeah, this is great. So on January 5th, 2022, Sam Bankman Freed sent a message to one of his many signal loops. For what it's worth, February 8th through 16th, Michael Lewis is going to be in the Bahamas profiling us.

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Now, if you haven't been following the story and if Michael Lewis is not familiar to you, then you probably do remember like the most famous result of one of his novels, which is the movie The Big Short. This was based on a book Lewis wrote about a group of traders who had the foresight to predict and profit off of the 2008 financial crash.

Chapter 5: What are the implications of Sam Bankman-Fried's belief about aging and creativity?

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New year, real you. Listen to Checking In with Michelle Williams from the Black Effect Podcast Network on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Have you ever listened to those true crime shows and found yourself with more questions than answers? And what is this? How is that not a story we all know? What's this? Where is that? Why is it wet?

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Boy, do we have a show for you. From smartless media, campsite media, and big money players comes Crimeless. Join me, Josh Dean, investigative journalist. And me, Rory Scovel, comedian, as we celebrate the amazing creativity of the world's dumbest criminals. We'll look into some of the silliest ways folks have broken the laws. Honestly, it feels more like a high-level prank than a crime.

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Who catfishes a city? And meet some memorable antiheroes. There are thousands of angry, horny monkeys. Clap if you think she's a witch and it freaks you out. He has x-ray vision. How could I not follow him? Honestly, I gotta follow him. He can see right through me. Listen to Crimeless on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

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Dad had the strong belief that the devil was attacking us. Two brothers, one devout household, two radically different paths. Gabe Ortiz became one of the highest-ranking law enforcement officers in Texas. 32 years total law enforcement experience. But his brother Larry, he stayed behind and built an entirely different legacy.

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He was the head of this gang, and nobody was going to tell him what to do. You're going to push that line for the cause. Took us under his wing and showed us the game, as they call it. When Larry is murdered, Gabe is forced to confront the past he tried to leave behind and uncover secrets he never saw coming. My dad had a whole other life that we never knew about.

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Like my mom started screaming my dad's name and I just heard one gunshot. The Brothers Ortiz is a gripping true story about faith, family, and how two lives can drift so far apart and collide in the most devastating way. Listen to the Brothers Ortiz on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

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Welcome back to Behind the Bastards, our special edition episodes on Sam Bankman, who is not freed because he is still in jail. That's the intro I've got. It's the same as the last episode. It's still really funny.

Chapter 6: How did Michael Lewis portray Sam Bankman-Fried's character and actions?

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Am I hacking a fraud? Yes. No, you're hilarious. It's still very funny. It's Sophie's favorite. This is the only time I've made Sophie laugh in years. That's not true. Well, okay. You're hilarious. I'm Switzerland on this issue. You're Swiss on this issue. Swiss you. Jamie, speaking of Switzerland, you also were neutral in World War II. Is that correct? Yeah. I was sort of like, no, I'm kidding.

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Robert, you made me laugh again. Congrats. Two for two, baby. So we took a couple of days in between recording part one and part two to really let it sink in. How are you feeling on our technically not a Behind the Bastards on Michael Lewis, but basically a Behind the Bastards on Michael Lewis, author of the big short?

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So in the in the interceding days, I've talked about the Michael Lewis of it all with a couple different people just to see if I was like if I had just missed something. But every single person I talked to, I found had a similar experience to me where they did not know that he wrote The Blind Side. Oh, good. OK. Yeah.

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And then when they found out that he wrote The Blind Side, they're like, oh, yeah, I could see that he is a you know, he's an honorary bastard. Yeah. Well, maybe he is kind of a hack. Yeah. Yeah. They were like, yeah, Michael Lewis, Moneyball, The Big Short. And you're like, and another thing. How did that how how did we collectively forget that he wrote that?

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It feels like he got away with something. Yeah, and I guess I've been thinking about what he's doing with Sam Bankman Freed as I think about the upcoming Napoleon movie, which I will have watched by the time this comes out, but it's not out yet. So excited about the Napoleon. You've sold me on it, for the record. I'm ready. Everyone, especially all of these history Twitter podcast people,

Chapter 7: What are the consequences of the FTX collapse as discussed in the episode?

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are so livid that Ridley Scott's basically like, who can say what the truth of Napoleon's life was? Which is, it is a ridiculous thing to say. He's very well documented. We actually know a lot about Napoleon. But also, I don't give a shit. It's the guy who made Gladiator. Well, and also, I appreciate, because all biopics are, you know... Nonsense! Yeah. Yeah, shit. Right.

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And so you're like, well, this is the one director who's going to say my biopic is kind of horse. It's just lies, which also very appropriate for Napoleon. But what is the line with that? Why? Why am I angry at Michael Lewis for for what he's doing? And I don't really care. Yeah, he's a he's a journalist there. He's a journalist for one.

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He's not the director of fucking Gladiator, the least accurate movie about Rome ever made. It's been a great week for like weird old guys who we could argue have peaked creatively. Although I wouldn't say that for Scorsese.

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But there was a great quote that was floating around in the last couple of days where I guess Scorsese said on the Killers of the Flower Moon press tour that he was like always worried about running out of time and he never knew what his last movie would be. Yeah. And Ridley Scott was asked to react to that. And he said, since he started Killers of the Flower Moon, I've made four films.

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No, I don't think about it. I get up in the morning and say, ah, great. Another day of stress. Honestly, those are both completely valid answers. I refuse to be a part of some sort of like... pretending that what Scott is saying isn't as valid as what Scorsese is saying. There are two ways to deal with mortality. One of them is- The two genders of creative mortality. Yeah, yeah.

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One is, oh my God, I will die and I won't have said everything I need to say. And the other is, what the fuck? I got shit to do. I gotta move. I don't have time to answer this fucking question. Meanwhile, Robert, Paul Schrader is on Facebook and Paul Schrader is posting about Taylor Swift in a kind of horny way.

Chapter 8: How does the podcast critique Michael Lewis's perspective on Sam Bankman-Fried?

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So like the old men are just they're on one this week and Michael Lewis walks among them. There's only one old great creative who has taken the reasonable answer to mortality. And it's John Carpenter, who's like, nah, I'm done directing movies. I'm going to get high, play video games, watch basketball the rest of my life. And God bless. God bless him. Yeah, God bless him.

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There's a man who understands what's valuable in life. A thing that Sam Bankman Freed never understood. And we're back. And we're back. Yeah, we're back. So...

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One of the things that comes up a lot in Michael Lewis's book is he's sort of going into the mind and psyche of Sam Bankman Freed is that Sam had this belief that no one ever does anything useful after like age 40 to 45, somewhere around there is the last time you have a useful thought in your entire life, which I guess is relevant to our discussion of aging, aging, powerful men.

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I will say that that's true of many stand up comedians, but I can't speak of that outside of that. Yeah. Yeah. I mean, I think it's true, especially like once you get really rich, it's you tend to like lose complete touch with the world and go insane. Yeah. So I think that is somewhat accurate, at least for some creative professions. But Sam is not in a creative profession.

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And it's actually kind of ridiculous to me, the idea that like people in business after age 40, like Steve Jobs did all of his best shit, like well after that point, like his most influential, like, like evil things. And most like really successful businessmen are just kind of getting started by their mid 40s. Right. Because it takes that much time to get that Zuckerberg. You've got a lot of evil.

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You've got a lot of horrible things left to do. Plenty of time. Your worst is in front of you. I think he's got three to five ethnic cleansings in a minimum. Minimum, Jamie. Yeah. Maybe eight. You know, I could see him having eight more ethnic cleansings. He does seem like someone who is just will like have a Kissinger like affinity for life. Yeah.

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So Bankman Freed's belief that like after age 45, he's not going to be capable of having any useful ideas. This is what pushed him, you know, along with his effective altruist idea. This is why he felt like he had to he had to continually gamble rather than like taking the slow, sustainable path, making money off of his exchange at like a reasonable pace. No, no, no.

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I only have a few more years left before my brain shrivels up. And so if I'm going to do anything good for the world, I have to keep putting every dollar I've made on a 50-50 bet endlessly, right? Mm-hmm. Which is like...

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don't know you should probably get help if you feel that about the world because that's a deeply self-destructive way to think about yourself and about your assets this is a big part of why ftx did not have a really crucial thing for any company particularly a financial company to have which is a risk officer right a risk officer's job is to analyze the deals the company's doing and go well that's an insane risk so let's not let's not do that one

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