Rigged Wall Street
An episode of the Garner Isn't podcast, hosted by Ed Garner, titled "Rigged Wall Street" was published on July 1, 2024 and runs 29 minutes.
July 1, 2024 ·29m · Garner Isn't
Summary
One of the foundations of our Capitalist system is a rigged Wall Street. Some people make enormous profits from it. When you have executives from companies who buy back shares of their own company raising the price of their shares, that’s called trading with inside information. Those executives receive enormous compensation worth millions of dollars for doing that. But far worse is the Options Exchange, which has an estimated value of one quadrillion dollars, larger than the total world domestic production. Do you think outright bribery, falsification, and corruption exist in that size market?
Episode Description
One of the foundations of our Capitalist system is a rigged Wall Street. Some people make enormous profits from it. When you have executives from companies who buy back shares of their own company raising the price of their shares, that’s called trading with inside information. Those executives receive enormous compensation worth millions of dollars for doing that. But far worse is the Options Exchange, which has an estimated value of one quadrillion dollars, larger than the total world domestic production. Do you think outright bribery, falsification, and corruption exist in that size market?
MUSIC Howlin Wolf, Joe Cuba, Ryan Amon, Dinah Washington