News for hackers. Stuff that matters.
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by skrebbel on Thursday November 24, 2022 @02:55PM (#33735533)
I don’t know, it’s not this prevalent everywhere so it is possible.
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by ncallaway on Thursday November 24, 2022 @03:25PM (#33735830)
It wasn’t this prevalent here either until recently.

The Supreme Court has decided that Congress isn’t allowed to regulate this kind of behavior. The Court has also chipped away at bribery statutes, narrowing them significantly.

Unfortunately, without a constitutional amendment, new justices on the Supreme Court, or a revolution, there’s not a lot that can be done. I support an amendment, but with the current court it’s… we have a long way to go.

Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by dgfitz on Thursday November 24, 2022 @03:53PM (#33736110)
Or the “honest and honerable” politicians stop accepting donations they know are evil.

Ah never mind, we all know they can’t help it.

Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by ncallaway on Thursday November 24, 2022 @04:17PM (#33736337)
There are honest and honorable politicians that don’t take such money.

They often lose to the politicians that do take the donations. Because they don’t have the money necessary to compete in the election.

So, there’s a survivorship bias. Elected politicians are much more likely to be taking those donations. That’s why the system is so problematic. It drives out honest and honorable politicians, and rewards corrupt ones, which further reinforces the idea that all politicians are corrupt. They’re not, but under this system most elected politicians are.

Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by watwut on Thursday November 24, 2022 @04:17PM (#33736335)
Money matter in campaign. Politicians accepting these have massive advantage over those who don't- so they end up more winning.
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by bloomingeek on Thursday November 24, 2022 @05:26PM (#33736948)
In my opinion, this is the voters fault. Read up on the candidates, talk to other voters, if the candidate's ad is all fluff and no substance, don't vote for them. STOP believing non-journalistic cable TV channels who only profit from eyeballs and not the facts.
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by DangitBobby on Friday November 25, 2022 @11:18AM (#33743804)
Advertising is very effective. There's no point in blaming people for it, especially since they are the victims in this scenario.
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by bloomingeek on Saturday November 26, 2022 @06:40PM (#33758180)
"Victims", really?!?
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by DangitBobby on Tuesday November 29, 2022 @02:22AM (#33784612)
Yes, people being fooled into electing corrupt government officials are victims. What's your objection? If I lie to you and steal from you, are you not a victim?
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by pksebben on Friday November 25, 2022 @01:57PM (#33745617)
your expectations of voters are unrealistic. not everyone has the time or the education to sift through all that and effectively parse it's meaning. Madison avenue figured this out a long time ago and it's been downhill ever since
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by nradov on Thursday November 24, 2022 @03:21PM (#33735781)
Yes, it is possible to amend the US Constitution to carve out an explicit exception in the 1st Amendment for political donations. So far Congress hasn't made a serious effort to do so.
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by yccs27 on Thursday November 24, 2022 @04:41PM (#33736554)
I'm not really familiar with the US constitution, but doesn't the 1st Amendment only protect speech, petition and assembly? Is there some part I'm missing or did a court classify campaign donations as speech?
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by krustyburger on Thursday November 24, 2022 @05:01PM (#33736711)
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by yccs27 on Friday November 25, 2022 @06:47AM (#33741504)
Ah thanks, that's what I was missing. Such a mindboggling decision.
Re:Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions by nradov on Friday November 25, 2022 @11:08AM (#33743687)
If you actually read the decision, there's nothing mind boggling about it. It is consistent with the US Constitution, and with Supreme Court precedents. The result of that decision has been terrible, but we can only reliably fix it through the defined constitutional amendment process.