Chuyển sang chế độ ngoại tuyến với ứng dụng Player FM !
Speculation is Evil
Series đã xóa ("Feed không hoạt động" status)
When? This feed was archived on October 16, 2023 21:31 (). Last successful fetch was on October 16, 2023 21:59 ()
Why? Feed không hoạt động status. Server của chúng tôi không thể lấy được feed hoạt động của podcast trong một khoảng thời gian.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 327409207 series 2824442
Excerpt from Wall Street: Money Never Sleeps
You're all pretty much fucked.
They got all these fancy names for trillions of dollars of credit: CMO, CDOs,
SIVs, ABS…
So Mr. Banker starts leveraging his interest 50 to 1, with your money because he could.
40% of all American corporate profits came from financial services, not production, not anything remotely to do with the needs of the American public.
The mother of all evil is speculation, leveraged debt, borrowing to the hilt, it’s a bankrupt business model, won’t work.
It’s systemic, malignant and is global like cancer.
It's a disease and we got to fight back.
How are we going to do that?
How are we gonna leverage that disease back in our favor?
#PolEconProject
#Labor
#Capital
#Oligarchy
#1U
#UnionStrong
#LaborRadioPod
265 tập
Series đã xóa ("Feed không hoạt động" status)
When? This feed was archived on October 16, 2023 21:31 (). Last successful fetch was on October 16, 2023 21:59 ()
Why? Feed không hoạt động status. Server của chúng tôi không thể lấy được feed hoạt động của podcast trong một khoảng thời gian.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 327409207 series 2824442
Excerpt from Wall Street: Money Never Sleeps
You're all pretty much fucked.
They got all these fancy names for trillions of dollars of credit: CMO, CDOs,
SIVs, ABS…
So Mr. Banker starts leveraging his interest 50 to 1, with your money because he could.
40% of all American corporate profits came from financial services, not production, not anything remotely to do with the needs of the American public.
The mother of all evil is speculation, leveraged debt, borrowing to the hilt, it’s a bankrupt business model, won’t work.
It’s systemic, malignant and is global like cancer.
It's a disease and we got to fight back.
How are we going to do that?
How are we gonna leverage that disease back in our favor?
#PolEconProject
#Labor
#Capital
#Oligarchy
#1U
#UnionStrong
#LaborRadioPod
265 tập
Tất cả các tập
×Chào mừng bạn đến với Player FM!
Player FM đang quét trang web để tìm các podcast chất lượng cao cho bạn thưởng thức ngay bây giờ. Đây là ứng dụng podcast tốt nhất và hoạt động trên Android, iPhone và web. Đăng ký để đồng bộ các theo dõi trên tất cả thiết bị.