currency scandal is committee member ann wagner republican from missouri. congresswoman, thanks for being here. great to be with you. bret: 30,000 feet. how far do you look at this ftx situation from your seat? it should never have happened, bret. absolutely never have happened. i am very, very concerned that the securities and exchange commission chair, chair gensler and frankly the house democrats have been asleep at the wheel on this for months and months and years the chairman of the securities and exchange commission has said on numerous occasions that he had the tools to regulate these trading platforms and he stated last may that the co-mingling of funds was absolutely something that needed to be stopped but he did nothing. he did absolutely nothing today we heard testimony from john ray, who was very, very transparent and forthcoming with
business, bankman-fried planned to open his congressional testimony by apologizing and stating under oath i fed up. i can t even say it publicly two words. absolutely insulting. okay. bret, we have new video in just about 30 seconds ago of sam bankman-fried right there you see him leaving with bahamian authorities heading to the department of corrections in nassau, bahamas until he will be until at least february 8th. if convicted on these counts when eventually he gets not united states, he could spend the rest of his life in prison it. may take at least a few months, depending on the cooperation between the united states and bahamian government. right now sam bankman-fried will spend his second night in a bahamian jail cell. bret? bret: all right, david, thank you. we will get perspective on this situation shortly from. missouri republican congresswoman ann wagner who sitting on the house financial services committee this in just
out policy goals for regulatory certainty and legislation that reins in all of this so we no longer operate under the wild, wild west and wagner is exactly right and having patrick mchenry be the incoming financial services chair says that the congress is going to go in the right direction on this, finally and act. bret: yeah and make some moves. meantime, title 4 # coming to an end. the surge along the border, morgan is overwhelming. the numbers kind of, we gloss over because everybody s eyes glaze over at how astonishing they are coming in every day. meantime, as president biden does not go to the border to visit, a certain california governor did. take a listen. here now on the other side in can a cacalexa. what the world looks like pretitle 42 and what it likely will look in a few weeks post title 42.
of a ponzi scheme that was used via crypto currency and unfortunately not only did it go bankrupt and all those investors defrauded, now you see millions of dollars in campaign finance violations and to me it is incredibly clear that everybody who received money from sam or any of these entities must return that money. they should participate with the bankruptcy court because this money comes from people that were defrauded by sam and there s no reason that a political campaign or a pac should keep that money. bret: olivia, that seems, i don t know, talking to congresswoman wagner earlier, it seems tough to claw that money back, considering you had whatever 51 lawmakers receiving those funds. yeah, you know, i think hakeem jeffries said they are donating the money to some sort of charity. i think the diabetes association. but, what is interesting about this story is just how entangled politicians were with, you know,