{"id":2052159,"date":"2023-10-02T10:15:01","date_gmt":"2023-10-02T14:15:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrat-megadonor-sbf-explored-paying-trump-not-to-run-for-president-book-excerpt-says\/"},"modified":"2023-10-02T10:17:13","modified_gmt":"2023-10-02T14:17:13","slug":"democrat-megadonor-sbf-explored-paying-trump-not-to-run-for-president-book-excerpt-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrat-megadonor-sbf-explored-paying-trump-not-to-run-for-president-book-excerpt-says\/","title":{"rendered":"Democrat donor SBF considered paying Trump to not run for president, book reveals."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdemocrat-megadonor-sbf-explored-paying-trump-not-to-run-for-president-book-excerpt-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2052159&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Jailed Former Billionaire Considered Paying Trump to Not Run for Reelection<\/h2>\n<p>In a captivating \u2062excerpt from his \u2063upcoming\u200d book, author \u2063Michael \u200cLewis reveals that Sam Bankman-Fried, \u2064a former billionaire and Democratic megadonor, contemplated the idea of paying former President Donald Trump to refrain from running \u2064for reelection in 2020. The revelation sheds light on the intricate political maneuverings behind the scenes.<\/p>\n<p>According to Lewis, Bankman-Fried, who was planning \u2064to \u200ccontribute a substantial sum of\u2062 $15 million to $30 million to Republican senator Mitch McConnell, aimed to defeat the more &#8220;Trumpier&#8221; candidates\u200d in the Senate \u200draces. However, he also explored the possibility of directly paying Trump himself \u200dto step aside from the presidential\u2064 race.<\/p>\n<p>Bankman-Fried&#8217;s\u2062 team \u2063had \u2062managed to establish a\u2062 secret line of communication with the Trump operation, and the \u2064information\u2062 they obtained\u200b suggested that Trump might entertain the idea for a \u2062staggering $5 billion. The audacity of \u200bsuch a proposition is truly remarkable.<\/p>\n<p>Unfortunately, the excerpt does \u2062not delve\u200b into the reasons behind Bankman-Fried&#8217;s decision to \u2063abandon these plans. It leaves readers wondering about the intricate dynamics and motivations at\u200d play.<\/p>\n<p>As the release \u200bof Lewis&#8217;s book\u200b coincides with the commencement of Bankman-Fried&#8217;s\u200d fraud trial, the \u200btiming couldn&#8217;t be more intriguing. It promises\u2063 to be \u200ba \u200briveting exploration of the rise and fall of a\u200d new tycoon, offering a glimpse into the world of \u2064high-stakes politics and financial machinations.<\/p>\n<p>While\u200c Bankman-Fried&#8217;s spokesperson declined to comment on the excerpt, representatives for Trump\u2062 have yet to respond to requests for their input. The silence from both sides only adds to the air of \u2063mystery surrounding this astonishing revelation.<\/p>\n<p>Bankman-Fried, the founder of the now-bankrupt cryptocurrency exchange FTX, \u2062currently faces seven counts of\u200d fraud and conspiracy related \u2064to the\u200b collapse\u200c of his business in November 2022. If convicted, he could potentially face a maximum sentence of\u200d 110 years in prison. However, the final outcome will ultimately depend\u200d on the judge&#8217;s discretion and various mitigating factors.<\/p>\n<p>As the trial unfolds, readers eagerly await the release of Lewis&#8217;s book, which promises to provide further insights \u200cinto the captivating world of power, money, and politics.<\/p>\n<h3>Source:<\/h3>\n<p>Reporting by \u200dJyoti Narayan\u2064 in Bengaluru; editing by Edwina Gibbs<\/p>\n<p> <\/p>\n<h2> How does the influence of money in politics, as highlighted\u2063 by Bankman-Fried&#8217;s contemplation, \u2064pose a threat to \u2064the democratic principles of the\u2064 United States<\/h2>\n<p><span>  To \u200bthe Democratic Party&#8217;s campaign efforts, considered the potential impact of Trump&#8217;s candidacy on the election. The former president was known for his controversial policies and divisive rhetoric, which had polarized the \u200dnation during his first term in \u2062office. Bankman-Fried believed\u200b that with \u200cTrump out of the race, the Democratic candidate would have\u200d a better chance of victory\u2063 and implementing progressive policies.<\/p>\n<p>The idea of paying off a political rival may seem unconventional, even ethically questionable, but it is not unheard of in American politics. In fact,\u200b such negotiations \u200dhave been \u200cdocumented throughout history, albeit discreetly. The\u2063 allure of power and influence often drives politicians and donors to\u2064 explore unconventional strategies to sway the outcome\u200c of an election.<\/p>\n<p>Bankman-Fried&#8217;s consideration \u2062of paying Trump to opt-out \u2064of the race highlights the significant financial role that \u2062individuals play in\u200c American politics. Campaigns\u2063 require\u2062 substantial funding,\u2063 and the wealthiest individuals \u2062and corporations often have the \u200dability to sway \u2062elections through their financial contributions. This unfair advantage raises questions about the true nature of democracy\u200d and whether it is truly\u200d a system that represents the will of the\u200b people.<\/p>\n<p>Furthermore, \u2062Bankman-Fried&#8217;s contemplation brings to light the \u200bcomplex relationship between money and politics.\u2064 In a system where campaigns \u200brely heavily on funding, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrat-megadonor-sbf-explored-paying-trump-not-to-run-for-president-book-excerpt-says\/\" title=\"Democrat donor SBF considered paying Trump to not run for president, book reveals.\">big donors hold immense power<\/a> and can potentially influence the outcome of an \u2062election. This \u2063poses a serious threat to the democratic \u200bprinciples\u200c the United States holds dear.<\/p>\n<p>The influence of money in politics\u2063 has long been\u200c a topic of debate and concern among scholars, activists, and policymakers. With the Supreme\u200c Court&#8217;s landmark decision in Citizens United \u2063v. \u200cFEC, which\u200d allows unlimited campaign\u2064 spending from corporations and unions,\u2064 the role of money in politics has become\u2063 even more prominent. The decision has led to an \u2063influx of dark money, making it difficult to trace the true source of campaign\u200d contributions.<\/p>\n<p>Bankman-Fried&#8217;s consideration of paying Trump is a stark reminder \u2064of the need for \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bloomberg-biden-sets-new-record-taking-dark-money-donations\/\" title=\"Bloomberg: Biden sets new record taking dark money donations\">campaign finance reform<\/a>. \u200cThe \u200bcurrent system \u200dallows wealthy individuals and corporations to have an outsized influence on elections, potentially distorting the voice of \u2063the people. It is \u2063crucial that steps are taken to limit\u200b the influence of money in politics and ensure a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brexit-trade-deal-published-as-uk-calls-for-end-to-ugly-divisions\/\" title=\"Brexit trade deal published as UK calls for end to \u2018ugly\u2019 divisions\">level playing field<\/a> for all candidates.<\/p>\n<p>While Bankman-Fried&#8217;s \u200didea may never have come to fruition, it highlights the lengths some are willing to\u200d go to\u2063 shape political outcomes. As the 2024 presidential \u200belection approaches, it is essential to reflect \u200bon the implications of\u2064 such actions and\u2062 consider\u200d reforms\u2064 that will restore faith in the democratic process.<\/p>\n<p>In conclusion, Bankman-Fried&#8217;s contemplation\u2063 of paying\u200c Trump to\u2062 not run for reelection \u200breflects the complex\u200d relationship between money and politics in the United States. \u2064It exposes the significant influence that wealthy individuals and corporations have on elections, raising \u200cconcerns about the fairness and integrity of the democratic system. This revelation should serve as a catalyst for meaningful campaign finance reform, ensuring that the voice of the people is properly represented in the political process. Only through such reforms can we safeguard the principles \u2064upon which our democracy was\u2063 founded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former billionaire and Democratic megadonor Sam Bankman-Fried, currently in jail, contemplated paying Donald Trump to withdraw from the 2020 reelection race. This revelation comes from an excerpt of Michael Lewis&#8217; upcoming book, Going Infinite: The Rise and Fall of a New Tycoon, published in the Washington Post.<\/p>\n","protected":false},"author":66,"featured_media":2052160,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2052159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2052159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2052159"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2052159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2052160"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2052159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2052159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2052159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}