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Hello and welcome to another episode of the Adlots podcast. I'm Tracey Alloway.

I'm Joe Weisenthal.

Joe, I feel like it's been a pretty bumper year for financial frauds and scandal,

and maybe bumper year isn't the right way to put it, but I feel like a bunch of them

have sort of been coming to light over the past 12 months or so.

Yeah, it's kind of a weird time because the stock indices as of right now, they're all basically

right at all time highs, but we've had a lot of, I don't know if they're like,

per se frauds, but things going badly, blow ups, companies collapsing, hedge funds,

losing a ton of money. It's kind of been a slightly weird time because

things that you don't necessarily expect at the top, or maybe you do,

basically a lot of things going south, generally speaking.

Yeah, I mean, normally it's like that Warren Buffett quote where when the tide goes out,

that's when you see people swimming naked, but the tide by no means has been going out lately.

As you mentioned, we have stocks pretty close to all time highs. We have ample liquidity.

It's a weird time for stresses in the financial system like this to be coming to light,

and yet we've had quite a few. Most recently, we had archaicos losing billions of dollars

...