A Con So True You’ll Think It’s Fiction
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 12 January 2022
⏱️ 67 minutes
🧾️ Download transcript
Summary
Have you been caught in a scam? It happens more than you may think! When we think of the biggest financial scandals, Bernie Madoff comes to mind but there was an even bigger scandal that happened to an entire country. In the United States, we suffered in 2008 during the financial crisis but another country saw its stock market tank even more than ours. Which one? Iceland. Jared Bibler worked for one of the major Icelandic banks and quit just days before the collapse. He then worked with Icelandic regulators to uncover the reasons behind the collapse and it's a scenario that even he didn't see coming. He shares it all today and tells his view of what happened.
During our headline we're talking about retirement savings. Oregon implemented an automatic savings plan for people without access to a company retirement plan. Is it working? Is it the best plan out there? Joe and OG share their differing views! Then we answer Deb's question about high yield savings accounts and Doug shares his trivia.
Enjoy!
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Transcript
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| 0:00.0 | My gosh, you boys already know. |
| 0:02.9 | I'm not letting that Ramsey boy come over and play until you clean up your rooms. |
| 0:12.0 | Live from Joe's Mom's Basement, it's The Stacking Benjamin Show. |
| 0:17.5 | Yeah. Benjamin's show. |
| 0:31.8 | I'm Joe's mom's neighbor, Doug, and today's our huge National Work Harder Day celebration. |
| 0:36.1 | I told Joe's mom it was her turn to work harder taking out the trash. |
| 0:39.9 | I told OG he needs to do a better job at cleaning out my El Camino, |
| 0:44.1 | and I worked harder than ever this year on planning our celebration. |
| 0:48.3 | The highlight of it all, to protect all that hard work you do. |
| 0:52.3 | Today, we'll share a cautionary tale about some huge con artists. |
| 0:53.1 | Thanks! |
| 0:56.0 | Here to share the juicy details about a con bigger than Bernie Madoff, we welcome the author of Iceland's secret, Jared Bibbler. |
| 1:02.2 | After headlines, we'll also throw out the Haven Lifeline to Deb with a question about |
| 1:06.9 | high-yield fakeouts. What do you do when your bank bates you with a high rate and then lowers it? |
| 1:13.0 | Then we'll have a trivia question you'll have to work harder to get right. |
| 1:17.9 | And now, two guys who work hard for the money, so hard for it, honey, it's Joe and O Jha, Jha,J-J-J-J-J-G. |
| 1:30.0 | I love it when she writes you stuff that's difficult for you to do. |
| 1:33.9 | Just even sitting here watching you do that is fantastic. |
| 1:37.0 | So hard for it, honey. |
| 1:39.1 | Yeah. |
| 1:39.8 | Hey, everybody. |
| 1:40.7 | Welcome to 70s Music for the Win podcast. |
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