Pod Save America Why is Big Business Caving to Trump? (with Andrew Ross Sorkin)
29 snips
Oct 19, 2025 
Financial columnist Andrew Ross Sorkin, known for his insights in the New York Times and as a CNBC host, joins to delve into the strange dynamics of today's economy. He explores why CEOs are bowing to political pressure, the risks of tariffs, and the ominous signs of a potential financial crisis reminiscent of the Great Depression. Sorkin discusses the role of crypto in the market and the need for corporate leaders to establish clear boundaries. His warnings about leverage and economic fragility highlight the importance of humility in navigating this complex landscape.
AI Snips
Chapters
Books
Transcript
Episode notes
Speculation Needs Guardrails
- Speculation fuels innovation but becomes toxic without guardrails, leverage, and transparency.
- Andrew Ross Sorkin warns crypto and SPAC booms echo 1920s excesses and frauds.
Protect Retirement Accounts From Opaque Assets
- Do not let opaque private investments flow into mass retirement accounts without disclosure requirements.
- Sorkin warns adding private equity/crypto to 401(k)s risks $12 trillion touching un-audited valuations.
Hoover's Last-Minute Plea
- Hoover secretly begged Roosevelt to back a bank holiday so he could claim credit while avoiding political fallout.
- Roosevelt refused publicly but then enacted the bank holiday after taking office.
