What happened to the American dream? Why is nothing affordable? Why does all of the power and wealth go to a few, while the rest of us fall further and further behind? If these questions have ever crossed your mind, this podcast is for you. In "How Many F's in Finance?", we will identify the forces leading to our misery. Each episode will address one modern day economic problem and its financial causes. Drawing from a decade spent on Wall Street and another decade at hedge funds, we will give you a behind the scenes, insider look into these issues. Come learn about the side of finance that's not taught in business schools or written about in the Wall Street Journal. And see for yourself how the Federal Reserve, Investment Funds, and other powerful players are causing inflation, ruining the economy, and ripping apart the fabric of society.
What happened to the American dream? Why is nothing affordable? Why does all of the power and wealth go to a few, while the rest of us fall further and further behind? If these questions have ever crossed your mind, this podcast is for you. In "How Many F's in Finance?", we will identify the forces leading to our misery. Each episode will address one modern day economic problem and its financial causes. Drawing from a decade spent on Wall Street and another decade at hedge funds, we will give you a behind the scenes, insider look into these issues. Come learn about the side of finance that's not taught in business schools or written about in the Wall Street Journal. And see for yourself how the Federal Reserve, Investment Funds, and other powerful players are causing inflation, ruining the economy, and ripping apart the fabric of society.
In New York City, taxi cab drivers found that they were only making $9 an hour after paying medallion lease fees. Every official voice that cabbies heard encouraged them to buy a taxi medallion for themselves. Unfortunately, Federal Reserve policies had pushed up the price of all assets. So cabbies decided to borrow enormous sums from finance firms and purchased medallions for 600, 700, and even 800 thousand dollars. But just like that meteorite that struck the Earth and made dinosaurs extinct, Uber showed up and annihilated yellow taxi and black car drivers. Medallions eventually crashed to a an absurdly low level of $80,000. Was Uber clearly superior to yellow cabs? Or was Uber plagued with problems such as higher trip costs and sexual assaults committed by Uber drivers? Join us as we take you through an honest, data driven comparison of Uber to yellow cabs.
