4.7 • 4.2K Ratings
🗓️ 27 March 2020
⏱️ 69 minutes
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0:00.0 | EKN episode 291 Taylor can't be with us tonight is a family emergency, but yeah, I'll be back tomorrow. |
0:10.3 | Shit should be. Yes, sorry, sorry, we did the show today. We like I like being having the show out on Tuesday, so you know, you get a little more value out of us, but |
0:19.0 | yesterday we had a whole thing where not playing it on Taylor, but Taylor had to postpone. He had a early or a late dinner or something, an early dinner, and then we couldn't work our schedules out to accommodate him, so we'd like to get everybody in, but impossible, impossible this week. So it's just Woody and I, you know, Woody and Kyle show, which I don't think is so bad. Nobody likes the Taylor guy anyway. |
0:42.0 | He didn't even play Tarkov that guy. How many rubles of the F? No, right? Not one. |
0:52.0 | So I made a finance video today, because this stock market stuff is kind of all over my mind. I tried to look into you. So I think we were either playing together right as hung out while Kyle was playing, and he said, what do you think of this? |
1:06.0 | The actions that Trump is taking to help with the stock market. And I was like, I don't I feel like I don't know the details yet. So I looked into it. I don't know that the details are knowable. Like they're not. They're not. It's TV. D. As he said today, this conference to be determined. Yeah, I've heard something about a 1.5 trillion dollar bailout of different industries. I've heard one trillion and you know, the stat, the different amounts for different. I know the airlines, the number of |
1:36.0 | the dollar per hour was 50 billion. Okay. They were going to get. And then other industries like all the other industries, maybe. How do I get my palm out for that money? Huh? I've maintained them sometimes. First step is don't be an independent contractor or a self employed individual. It looks. It looks like all of you guys out there who are like, especially if you're in an affected industry, you're going to get a check. How much it's going to be is TV. D. As Mr. Trump says, but 700 to 100. |
2:05.0 | $2,000. I would guess you're just going to get a check. Your taxes are pushed off till well into the summer. It seems your deadline on that. Lots of huge stuff. I was talking to my dad about. I'm sorry. If you want to continue with the finance thing, this is fine. I guess what I was going to say was historically these plans haven't been as bad or as expensive as we think they are. Now I know nothing about this plan. I don't know that it's knowable. But I'm. |
2:35.0 | The auto bailouts, they made money. And the auto bailout, I was kind of for and I was right. It really did help them. They really did need it. And because of that, we still have a vibrant GM and Ford. You know, like it was the right idea to invest in them. And they came back and did well. |
2:52.0 | They did. Tarp, the troubled asset relief program. In short for you guys that don't know, there are all these. They changed the rules that made it easy to lend. Ford's mortgages in particular. The thought process was, hey, well, lend a riskier people. But if we take 100 riskier people, then that risk is averaged out. You know, if I make one loan to a bad guy, then. |
3:14.0 | You know, that could go really horribly wrong. If I make a hundred loans, then on average, we can predict the how they'll do. And that was the idea that you pull these mortgages and you can lower your standards. |
3:25.0 | I didn't work out that way. A lot of people weren't able to pay their mortgages. There are all these foreclosures, etc. So the government came in and said, we'll buy this bad debt. |
3:34.0 | We'll do the troubled asset relief program. And I was against it. I was like, this is awful. We have socialism for the rich, but not for the poor. We have private loss it. I'm sorry, private gains, but public losses. And I was outrageous. I was wrong though. |
3:51.0 | The troubled asset relief program made money. And I only did it like bailout banks. Banks really did go out of business. But it bailed out and they were consolidating. And anyway, they bailed out the banks, which is actually a good thing. |
4:02.0 | And the government made money on these troubled assets. So I was wrong at the time. I made the wrong call. I wrote my congressman told him, I just never vote for you again. But I was wrong. It turned out to be a plan that was better than I understood. So here, I, you know, one and a half, $1,000,000, they're spending. That's the number that I've heard. I don't know what to make of it. Yeah, I heard a trillions day. |
4:27.0 | Okay. So and who knows though, you know, they're throwing around hundreds of billions of dollars around thousand W's time. I don't know if you were in the working world during W's time, but he gave out $600 to everybody. |
4:43.0 | And what it actually was was a sort of advance on your tax refund. So if you would normally owe nothing, you know, 600 if you normally get a thousand back, you get 400 back. |
4:54.0 | People are keeping up. So I don't know what this you said 700 is. |
5:00.0 | This is pretty money. Well, yeah, yeah, so Trump keeps it, you know, it's going to Congress has to do this. It's not Trump like Trump has right. He doesn't run the treasury. I mean, kind of just influential. |
5:11.0 | Yeah, but it seems like they have bipartisan support to get some money to the American people and everybody wants to give. He's like, everybody wants to go high with it. And I'm good with that. |
5:23.0 | So they're like, they start doing some quick math, you know, like more person family in this amount. There's 330 million Americans and $700 a person. Well, TBD, but we all want to go higher. We all want to go higher. |
5:35.0 | I'm like, all right, we'll see, but I don't think they're going to give me any money to us. I don't know. I don't know. I don't like the idea of not giving to the rich. And it sounds sell certain. |
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