The Let's Kill All the Lawyers Edition
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 13 December 2014
⏱️ 33 minutes
🧾️ Download transcript
Summary
On this week's episode of Slate Money, host Felix Salmon of Fusion, Cathy O'Neil of mathbabe.org and Jordan Weissmann of Slate discuss US attorney Preet Bharara's overturned convictions for insider trading, customer service dust-ups, and marriage and the economy.
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Transcript
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| 0:00.0 | Slate Money is brought to you by Harries, the new shaving company that offers German-engineered blades, sleek handles, and shipping right to your door, just in time for the holidays. |
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| 0:13.9 | Visit Harries.com and use the promo code Slate Money Holiday. |
| 0:21.3 | Hello, and welcome to the Let's Kill All the Lawyers episode of Slate Money, your guide to |
| 0:28.3 | the business and finance news of the week. |
| 0:30.7 | I'm Felix Salmon of Fusion in New York, and on the show this week, inside the trading |
| 0:35.7 | convictions against two hedge fund managers were overturned in a big setback for the Justice Department and for U.S. Attorney Preet Berrara. |
| 0:44.9 | Also, two idiotic dustups over customer service. |
| 0:49.0 | You may have heard about the Harvard Business School professor who went to war with the Chinese restaurant. |
| 0:54.0 | And there was |
| 0:54.4 | another similar kind of thing going on in Korean Airlines. And finally, the divorce rate is falling. |
| 1:01.4 | We will look at marriage and the economy and the economics of marriage, and as ever, we will do our |
| 1:07.1 | usual numbers lightning round. I am joined happily around the table at the Slate |
| 1:12.9 | offices by regular guest Kathy O'Neill, the data scientist and blogger at mathbabe.org. |
| 1:19.6 | Hi, Felix. Hi, Kathy. And Slate's Moneybox columnist Jordan Weissman. Hey, Felix. |
| 1:25.6 | Hello, Jordan. So I am going to start with the news, the big news of the week, at least if you are interested |
| 1:33.1 | in insider trading. |
| 1:34.3 | And who is not interested in insider trading? |
| 1:36.5 | It turns out that Preet Berara, the superstar US attorney who has been going after |
| 1:43.9 | insider trading like a man possessed, he has racked up some 83 convictions. |
| 1:50.0 | Well, he had a very bad day on Wednesday when two of his highest profile convictions were overturned by the Second Circuit Court of Appeals. |
| 2:02.4 | Their names were Todd Newman and Anthony Chias, and they were fund managers, portfolio managers, at two different hedge funds. |
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