Editorial cartoons for Dec. 18, 2022
At a congressional hearing Tuesday into the collapse of the cryptocurrency exchange FTX, current CEO John J. Ray said there was nothing fancy about the scheme that landed founder Sam Bankman-Fried in U.S. custody on a raft of securities fraud charges.
“This is really just old fashioned embezzlement. This is just taking money from customers and using it for your own purpose. Not sophisticated at all,” Ray told the House Financial Services Committee.
Scott Stantis leads this week’s editorial cartoon gallery with his commentary on crypto as a digital version of a wooden nickel. Bill Bramhall draws the regulators of financial instruments just as disheveled and disorganized as Bankman-Fried, who ran his multibillion-dollar company using the off-the-shelf accounting software Quickbooks, Ray told lawmakers. Steve Breen sees crypto as a shell game.
The other big story last week was a breakthrough in nuclear fusion research that could someday lead to an infinite source of energy. Breen compares swapping out fossil fuels for fusion to Indiana Jones’ attempt to swipe an artifact from a cave without triggering the release of a giant boulder.
Editorial cartoonists also commented on Arizona Sen. Kyrsten Sinema’s announcement that she would leave the Democratic Party and become an independent; the many investigations planned by the new Republican House majority, including into Hunter Biden’s laptop; President Joe Biden’s efforts to cope with a surge of asylum seekers at the U.S. border; the 10th anniversary of the Sandy Hook school shootings; and the so-called “tripledemic” of Covid, flu and RSV.
Cartoons were drawn by Nick Anderson, Bill Bramhall, Dana Summers, Drew Sheneman, Scott Stantis, Walt Handelsman, David Horsey, Phil Hands, Joel Pett and Joey Weatherford of Tribune Content Agency; and Steve Breen, Mike Luckovich and Michael Ramirez of Creators Syndicate.
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