4.6 • 2.2K Ratings
🗓️ 6 February 2024
⏱️ 62 minutes
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0:00.0 | Alex Little, so you've been on before. |
0:02.0 | I have. |
0:03.0 | Yes, but we kind of touched on very specific things, |
0:06.0 | and there's a lot of questions on the whole case in general. |
0:09.0 | Just how we got to where we're at when it started, |
0:12.0 | why they didn't plead guilty, why they didn't just |
0:14.8 | accept a deal and move on. So go ahead and give a brief synopsis. |
0:20.5 | Of all of those things? Well just kind of like a, you know, |
0:24.5 | So I think there's a lot of misconceptions about the case. |
0:27.9 | There's a lot of misconceptions about how it got to where it was. |
0:30.4 | There's a lot of misconceptions even about sort of what actually happened. |
0:33.8 | And I think probably the most difficult thing to figure out, when you hear a case like this, you |
0:38.3 | hear bank fraud, you hear tax evasion, like, what do they actually do? |
0:42.4 | And here, it's really, I think, much different than people expect. |
0:46.2 | People expect, hey, I went in there, I tried to steal a bank's money, |
0:49.0 | I did all these tricky things. |
0:50.6 | That's not what this case is. |
0:52.4 | This is a case that arose out of 07-08 for all the folks who remember you were like what 12 back then you were a baby |
0:58.2 | I was baby. It was a long time ago and the real estate market was collapsing even more than it is now and folks |
1:05.4 | like your parents who were working in real estate they had capital lines they |
1:08.1 | had capital to buy they had capital to sell rehab stuff and they worked with banks across the board to keep these capital lines |
1:15.3 | open and so imagine you know everybody I think most you think about mortgages |
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