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Slate Money

Slate Money - The Screwed Pooch Edition

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 19 March 2016

⏱️ 45 minutes

🧾️ Download transcript

Summary

On this episode of Slate Money, hosts Felix Salmon of Fusion, Cathy O’Neil of mathbabe.org and Slate’s Moneybox columnist Jordan Weissmann discuss the biggest mess-ups of the week.

Topics discussed on today’s show include:

-Bangladesh's bank account at the Fed lost $81 million in a web heist.

-Pharma startup darling Valeant is a mess.

-The biggest hedge fund in the world has some personnel issues.


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

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0:03.4

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0:11.2

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0:13.9

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0:17.8

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0:23.9

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0:31.4

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0:42.3

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0:50.6

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1:00.9

Hello, and welcome to the screwed pooch edition of Slate's Money, your guide to the Business and Finance News of the Week.

1:12.6

I'm Felix Salmon of Fusion.

1:15.0

I am joined, as always, by Kathy O'Neill, the data scientist and slightly bruised blogger at mathbabe.org.

1:24.3

Hello, everyone.

1:25.6

Kathy's going to be mildly subdued this week.

1:31.3

But you were wearing a helmet when you fell off your bike, so...

1:34.9

Good for me.

1:35.5

With any luck, the legendary Math Babe brain is not too badly affected.

1:41.4

We also have the one and only Jordan Weissman, millennial extraordinaire, and Moneybox columnist at sleep. Yeah, we're sort of like the NFL today. Like, we're just having you play on her. It's true. Her eyes are a little cloudy. She's not really following my finger too well right now, but I think she's good enough to take a help. She's good. She's good. Like, you know, it'll, we'll probably get sued by some health and safety thing at some point.

2:06.4

We are going to talk this week about Valiant. We haven't talked about Valiant on this show yet, or at least not at any length.

2:15.2

But it is one of the most astonishing stories in the stock market. So we're going to talk about them. We're going to talk about Bridgewater, which is the biggest hedge fund in the world, and it's just the locus of crazy. I can't wait for that. It's going to be fun. It's going to be fun. Kathy knows from crazy hedge fans. Yes, I do.

2:34.3

And this place makes DeShore look downright normal.

2:37.7

It does.

...

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