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In a recent interview with NPR, Bankman-Fried said he has a responsibility to consider stepping in, “even if it is at a loss to ourselves,” to stem contagions and help the industry thrive. In addition to parallels being drawn between Bankman-Fried and John Pierpont Morgan in 1907, some are also comparing the recent moves to Warren Buffett providing support to Goldman Sachs in 2008.
“Sam Bankman-Fried is the new John Pierpont Morgan -- he is bailing out cryptocurrency markets the way the original J.P. Morgan did after the crisis of 1907,” Anthony Scaramucci, founder of SkyBridge Capital, said in an interview, referring to that year’s banking panic, which led to the creation of the Federal Reserve System. Scaramucci said he’d invested alongside Bankman-Fried in several crypto ventures.
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