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Shadow Kingdom

Is Wall Street a necessary evil?

Shadow Kingdom

Crooked Media

Society & Culture, History, True Crime, Documentary

4.74K Ratings

🗓️ 6 December 2017

⏱️ 58 minutes

🧾️ Download transcript

Summary

Crooked contributor and former employee of Goldman Sachs Julissa Arce talks to host and creator of The Young Turks Cenk Uygur about Wall Street, regulation and money in politics.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, this is Jalisa Arce and you are listening to Cricket Conversations.

0:11.4

Today's cricket topic is Wall Street and I don't mean any pun by it at all whatsoever.

0:17.1

Here to discuss Wall Street with us is Jank Uger, the co-founder of the Young Turks.

0:22.5

The Prime Minister's Court actually isn't about finance, it's about money in politics.

0:28.2

Because as long as you allow for private financing of elections, the politicians will work for private interests.

0:35.2

I met Jank in line to a DNC party a couple of years ago and we started having this conversation.

0:42.2

I was like all fangirl and left my place in line and went to the back of mine to introduce myself to him.

0:47.9

And we started having this conversation about Wall Street because I worked on Wall Street for 10 years.

0:53.0

And even when I was working on Wall Street, I thought the regulations that were enacted were not the right regulations.

1:00.5

And I'm not anti-regulation, I just thought that the regulations were wrong and didn't actually fix anything.

1:06.4

My last job on Wall Street was to figure out how to do business within the context of the frank, basically to find loopholes and I found a lot of them.

1:13.8

So I am really excited to have Jank with us today.

1:18.0

I'm actually super pumped to have you here because I don't know if you remember this, but we started talking about Wall Street.

1:22.9

When we were in line to get into some DNC after party.

1:26.5

I totally remember.

1:28.0

We actually left the line because it was too long and you and a couple other people would wrap the drink and we're talking about Wall Street.

1:36.7

You worked at Goldman, right?

1:38.6

Yeah, I used to work at Goldman.

1:40.0

I was there for six years and then four years at Merrill Lynch.

1:44.8

And so I think I can't actually think of a better time to have this finished this conversation or continue to have this conversation about Wall Street.

1:51.7

Because I think there is this looming question surrounding the Democratic Party.

1:56.4

And that question is how far away from Wall Street should Democrats stay, right?

...

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