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What was the probability that one of JaneStreet’s alumni, Sam Bankman Fried, would use JaneStreet’s brand name to build up credibility and then pull off the biggest ponzi scheme in human history?


Slightly lower than one of MIT's alumni doing the same.

It's telling that Jane Street stayed away from the whole mess despite the connection.


They were happy to trade crypto and provide market making facilities throughout the ordeal.

They only decided to “step back” now that regulators are bringing the hammer down

This wasn’t an innocent bystander firm. They were complicit, either directly or indirectly


Buying prospectors' pyrite for the little it’s worth is different from driving aspiring miners to mountains without food or water.


> use JaneStreet’s brand name to build up credibility

How is that different from bragging that you finished MIT, Harvard, Oxford, you worked at Google or that your startup is in YC.


Well for one, JaneStreet is an active market maker, trader, and investor in crypto, including in many projects created and/or backed by SBF


The fact that JaneStreet hired both SBF and Caroline shows their interview process has a few flaws.


Why? Maybe they were good employees? Just because they did something bad after really isn't thst relevant.


It shows JS doesn’t scan for morality or ethics or judgement.


Unless you happen to have some evidence presenting unethical and/or immoral actions on the part of SFB and Caroline during their tenures at JS, it only shows that JS don't try be an oracle predicting future morality or ethics or judgement of their candidates for the rest of their lives.

JS aren't future tellers when it comes to their employees' lives after they leave JS, and JS has no control over those employees once they depart either.


Were you screened for morality or ethics at your current job?


I was. You were too. It's just called "culture fit" in polite society.


These are hard to scan for. Also people can change?


Plenty of tech nerds have turned into complete psychopaths when they pocketed their first billion.




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