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Kennedy Saves the World

There Is No Saving Elizabeth Holmes

Kennedy Saves the World

FOX News Podcasts

News, News Commentary, Entertainment News, Society & Culture

0.00 Ratings

🗓️ 31 May 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

In 2022, disgraced Theranos CEO Elizabeth Holmes was convicted of wire fraud and this past Tuesday she began her 11-year sentence at a federal prison in Bryan, Texas. Kennedy reflects on the case and draws parallels between Holmes’ and the rest of society's need for attention and money. Follow Kennedy on Twitter: @KennedyNation Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Some follow the noise.

0:03.0

Bloomberg follows the money, whether it's the funds fueling AI or crypto's trillion-dollar swings.

0:08.9

There's a money-side to every story.

0:11.4

Get the money-side of the story.

0:13.5

Subscribe now at Bloomberg.com.

0:15.8

Thank you. Welcome to this episode of Kennedy saves the world.

0:36.2

And there's no saving Elizabeth Holmes from prison. She was the Theranos founder who dressed like Steve Jobs and told everyone that she had a special secret machine that could test your blood and tell you if you had cancer or high cholesterol or thousands of other conditions or diseases, and the whole thing was basically

0:55.9

fake. So you'd get your finger-pricked, and then it would go in the machine, and instead of the

1:01.2

machine actually doing something, it would just throw the blood tests on the back side of the machine,

1:06.9

and then a guy would pick them up and take them to a lab. Her little machine Edison, it never worked. It was never going to work.

1:14.1

It was a really great idea, like an environmentalist going, I know, why don't we have a car that

1:20.6

runs on unicorn farts? It's great. It's easy. It's abundant. Unicorns are very gassy. Hard to find. They don't exist.

1:30.1

And no such technology will ever reach the marketplace. Great idea, though. But the problem is

1:37.3

she defrauded so many investors by saying that her great idea was a reality. And she's not

1:43.3

alone. Like Stephen Bankman-Fried and Billy McFarlane.

1:47.1

The whole thing is a fire festival.

1:50.9

It's an entire generation of people who were told they were special and wonderful their whole

1:56.7

lives.

1:57.4

And then they come up with an idea and no one pushes back. That's the problem with society

2:03.8

and the turn that we're making right now. No one wants to be critiqued. No one wants to be judged.

2:09.9

No one wants to be told no. Everyone has to be special and amazing. And their amazing special

2:17.0

secret is worth so much money that they just have to

...

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