4.7 • 1.5K Ratings
🗓️ 13 August 2024
⏱️ 53 minutes
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Arielle Klagsbrun of the All Eyes on Yass Campaign sheds light on the insufficiently known right-wing funder Jeff Yass. Then Sohrab Ahmari and Hamilton Nolan debate the existence, real or imagined, of pro-worker Republicans.
Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive online: https://www.leftbusinessobserver.com/radio.html
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0:00.0 | The And then. Hello and welcome to Behind the News, my name is Doug Henwood. |
0:36.0 | So many departures from Orthodoxy today. |
0:38.0 | We'll hear from Ariel Klagsbron who's been fighting the |
0:41.0 | under-exposed right-wing billionaire Jeff Yass, and then a debate |
0:44.5 | between Sarovomari of Compact magazine in Labor Journalist Hamilton Nolan about the allegedly |
0:50.1 | pro-worker Republicans like J.D. Vance and Josh Holly. |
0:54.0 | First, Jeff Yass. |
0:56.0 | I spent a lot of time studying money bags in their engagement with politics, but until recently I hadn't paid much attention to Jeff |
1:02.0 | Yass. |
1:03.2 | Yass, based in the Philadelphia suburbs, is a major funder of right-wing politicians and |
1:07.5 | organizations in that state and around the country. |
1:10.8 | Here to brief us is Ariel Klagsbren, the Deputy Campaign Director for Acre, the Action Center on |
1:15.6 | Race and the Economy, who works with its All Eyes on YAS campaign. |
1:19.9 | Ariel Klagsbren. |
1:21.5 | The authorities disagree on the dimensions of his cash pile. |
1:25.0 | Bloomberg says 45.6 billion. Forbes just a mere 28.5, but obviously the guy has a |
1:31.0 | pile of it. Where does money come from? |
1:33.2 | Jeff Yass is the founder and managing director of Susquehanna International Group, |
1:39.1 | which is a billion dollar market-making Wall Street firm that really is in many ways a sprawling web of many |
1:47.8 | financial interests put together. What SIG does and other firms like that like Citadel and others they really play a role within Wall Street of being a middleman for the markets. |
2:00.0 | So you may have been familiar with when the Robin Hood scandal happened, for example, the role of Citadel was put into the limelight. |
2:09.2 | SIG is very similar in that way. |
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