The Daily Parker

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Sam Bankman-Fried is not a child

Molly White would like major news outlets to treat the accused fraudster like the grown-ass adult he is:

[R]eading headlines and news stories, you would be forgiven if up until now you had thought he was a teenager still driving around on a learner’s permit, who picked up cryptocurrency trading to avoid the types of high school summer jobs that might force him to go outside.

SBF is being extended the benefit of the doubt that many are not so lucky to get. He is affluent, white, male, and accused of white-collar crimes, and so he is granted the charitable characterization of a naive boy. Meanwhile, the perception that Black children, particularly those accused of violent crimes, are adult criminals has earned its own term: adultification bias. The same term is used when abuse of Black children is ignored or even rationalized based on the perception that they are older than they are.

It’s jarring to read a story about a neighbor calling the police on a nine-year-old Black girl spraying for invasive lanternflies, describing the girl to a dispatcher as a “little Black woman walking, spraying stuff”, and then switch over to another tab with a story on the 30-year old “crypto kid” who might’ve just made an oopsie with billions of dollars of customer funds. On one hand, literal children are portrayed in the media as adults, and treated as such in the prison system; on the other, a man who’s been old enough to vote for over a decade is being described as “a young man in need of both defense and a friend” offering refreshments to a reporter “as if we were there for a playdate”.

Sam Bankman-Fried is continuing to cultivate this persona, hanging his head and slumping his shoulders to portray boyish shame, repeating “I made a lot of mistakes”. If he can keep it up, and if news outlets continue to fall for his narrative, perhaps he can sway not just some of the general public, but members of a jury.

As an aging Gen-Xer who couldn't wait to grow up, I have to wonder, is this a late-Millennial thing? Or just, as White says, a carefully-cultivated image that Boomer reporters are buying at a discount?

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