1min chapter

The "What is Money?" Show cover image

The COVID Meta-Fraud with Ed Dowd (WiM277)

The "What is Money?" Show

CHAPTER

The SNL Bubble, Real Estate Crisis

The Fed, after the stock market crash in 87, lowered interest rates. And it went into a mini SNL bubble that blew up. I also saw Kitter P. Buddy blow up in that low interest rate environment. That was a low Wall Street firm. I saw the Orange County fraud where that pension fund was starving for yield to make their obligations. So they bought a bunch of product they didn't understand because the guy who was running it was a dope.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode