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TrueAnon

Episode 34: Douche Bank (teaser)

TrueAnon

TrueAnon

News

4.53.3K Ratings

🗓️ 10 January 2020

⏱️ 3 minutes

🧾️ Download transcript

Summary

To hear the full episode, subscribe at patreon.com/TrueAnonPod Brace and Liz take a look at the string of banker “suicides” over the past couple years, weigh in on the bull market and get financial reporter @alexandrascaggs on the horn to explain what the hell is going on in the repo markets and whether or not we need to End The Fed

Transcript

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0:00.0

Wait a minute.

0:00.8

Yeah.

0:01.6

So permit me to do a bit of an allegory.

0:05.1

Yes.

0:05.8

For instance, say if I had a large family of many daughters

0:10.4

and I was doing some sort of online dating service

0:15.9

where I was essentially finding a wealthy husband

0:20.7

for my hot daughters, but my daughters were not actually

0:25.2

dimes.

0:26.2

They were like nickels, possibly pennies.

0:30.4

And but there's a guy in my country.

0:34.4

There is a guy who rates, he rates the hotness of daughters

0:39.1

for sale abroad.

0:40.6

And I bribe him.

0:42.1

And I'm like, give him all tens, even though they're

0:45.1

like threes.

0:46.4

And he does.

0:47.4

And they are purchased.

0:50.3

But it turns out that I sold junk bonds.

0:55.5

Junk brads.

0:56.2

Junk brads abroad.

0:58.8

And so the whole wife market collapses.

...

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