22min chapter

Lex Fridman Podcast cover image

#409 – Matthew Cox: FBI Most Wanted Con Man – $55 Million in Bank Fraud

Lex Fridman Podcast

CHAPTER

Fraudulent Loans and the Gray Area of the Real Estate Industry

The chapter discusses the state of the real estate and banking system, highlighting how it is still prone to corruption and fraudulent practices like those seen before the 2008 financial crisis. The speaker questions how many people in the industry operate in this gray area and mentions the prevalence of fraud in bank loans. They also touch on the challenge of finding a balance between preventing manipulation and allowing access to loans for the average person.

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