4.4 • 777 Ratings
🗓️ 26 May 2025
⏱️ 154 minutes
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0:00.0 | Well, thanks for coming here. I'm really excited to talk to you. |
0:10.0 | Thank you. I, as I said, I really enjoy your show. So, so for people that don't know, can you kind of give us a summary of your background in the government, working with the Bush administration, and then getting into like finance and all this stuff? |
0:26.6 | So I grew up in Philadelphia and I got very interested as a child on, I got very interested in money and why everybody was destroying everything on the theory that somehow that made the money. |
0:37.7 | And so I decided I was going to understand how all the money worked in a neighborhood. |
0:41.5 | And what I didn't understand until I went to Wall Street is you literally have to know how all the money on the planet works to understand how the money in a U.S. neighborhood works. |
0:50.8 | Because it's organized. |
0:51.9 | It's very centralized and it's organized so that you know so if you and i |
0:55.9 | go to the white house and say here's how all the money works on housing here's how all the money works |
0:59.5 | in military but it doesn't say here's how the money works you know in west philadelphia so you can't |
1:05.6 | now with relational databases you you could and i've worked on that but anyway so I went to Wall Street because I wanted to learn how all the money |
1:13.7 | the planet works. |
1:15.8 | And I went from sort of department to department to department learning all the different |
1:20.7 | markets. |
1:21.7 | And then I figured out, you know, it's all being rigged from Washington. |
1:24.3 | It's the Treasury and the Fed. |
1:26.2 | So I got to go to Washington. So I went to Washington. |
1:28.4 | I was a partner at a firm called Dylan Reed. And in fact, I have an online book called Dylan |
1:33.4 | Reed and the aristocracy of stock profits about sort of, it's a case study in the intersection |
1:39.1 | between organized crime and Wall Street and Washington. Anyway, so I went to Washington in the first Bush administration to be Assistant Secretary |
1:47.0 | of Housing, and it's the Federal Housing Commissioner, and that's the person who oversees all the |
1:53.6 | mortgage markets, both the credit, most of the credit, and then the rules and regulation. |
1:59.0 | So, and I ran smack into all the mortgage corruption because a lot of the black budget |
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