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Sam Bankman-Fried has taken the stand in his own defense, demonstrating that there is at least one person alive who believes that a 'not guilty' verdict is still within reach.

It's gotten harder and harder to maintain the fiction that Bankman-Fried somehow avoided committing or learning about any crimes, especially given how many felons were all around him. Indeed, at this point, Caroline Ellison, Nishad Singh, Gary Wang, and Ryan Salame have already pleaded guilty to felony charges related to the collapse.

The fact that so many executives are willing to describe in explicit detail their involvement in financial crimes involving Bankman-Fried is only one of the problems facing his vainglorious testimony, as he must also contend with the great deal of communication and artifacts the crimes created.

Consider, for example, how Bankman-Fried's romantic partner and subordinate in the investment firm he owned, Caroline Ellison, was able to show the many different balance sheets she created, and the entire jury got to see those balance sheets.

Plus, besides this great deal of evidence, Bankman-Fried did at one point submit testimony to be shared with an institution almost as august as FTX, the United States Congress. In this testimony, he intended to begin with a very simple statement: "I fucked up."

Unfortunately, we all must tolerate several hours of testimony where he pretends that the fuckup was not his own, as once again, under oath, Bankman-Fried will lay out his version of:

1) What

2) H

3) A

4) P

5) P

6) E

7) N

8) E

9) D