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 the past two episodes, we detailed how Uber broke every rule, law, and regulation in its path to utter domination. The one silver lining was that all of this occurred in New York City. This one majestic place on planet Earth had plenty of experience dealing with unsavory business characters. Hear the different ways that New York City fought Uber. Listen to first-hand accounts from the cabbies themselves. And in this last Episode of Season 1, find out what the consequences are when finance runs amok and a bubble bursts.
Numerous traits have made great white sharks the apex predators of the ocean. Uber was clearly the great white shark of the ride fare world; it annihilated its competition with speed and force. But in our last episode, we saw that Uber was not endowed with superior traits. In fact, in New York City, Uber lagged behind yellow taxis and black cars across numerous points of comparison. So how exactly did Uber succeed? Join us as we explore the devious strategies and tactics Uber used to achieve apex predator status.
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.
The Federal Reserve never intended to help ordinary Americans or business owners. The Fed bestowed trillion dollar gifts on a specific group of finance firms. These firms were then supposed to transmit that money to the rest of us. But something happened along the way - that money never trickled down to regular Americans. In this episode, see how banks, credit unions, and specialty lenders deployed predatory lending tactics to take advantage of cab drivers. Also learn about Federal Regulatory Agencies - they were supposed to protect the public from predatory lending. Listen in to find out how well they did their jobs.
Since ancient times, every loan has involved two parties - a borrower and a lender. In this episode, we will examine the mindset of both parties. Why would cabbies making $30,000 a year even contemplate taking on a $700,000 loan? And why would finance firms consider loaning such large amounts to cabbies? In this episode, we will reveal where finance firms obtained the money to make the loans. We will show how powerful voices eroded away the fears of the cabbies. And we will show how the finance firms presented cabbies with a "Deal That Was Too Good To Be True!"
