On Background: Who Buys Distressed Assets?

On Background: Who Buys Distressed Assets?

Andy Mitchell could be called a "doctor for business." His firm, Lantern Asset Management, buys up businesses in immediate need of cash and willing to sell at bargain-basement prices. Michael Lewis calls up Mitchell to get the "distressed asset" angle on the company at the center of Lewis's next book: the now extremely distressed crypto exchange, FTX. But along the way, we hear about other businesses on the skids, including the maker of Twinkies, and the Weinstein Company.

Head to atrpodcast.com and submit a question for Michael to answer in an upcoming episode.

See omnystudio.com/listener for privacy information.

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Episode 8: The Integrity Landscape

Episode 8: The Integrity Landscape

Has betting based on inside intel on games gone down since sports gambling was legalized in the US? Not really, as Michael Lewis finds out. But what's gone up is misery for athletes. We hear from Atla...

7 Tammi 202538min

Michael Lewis on the Prof G Pod

Michael Lewis on the Prof G Pod

Just recently, Michael Lewis was a guest on the "Prof G" podcast with Scott Galloway. He talks about the rise of sports betting and why the consequences might be a "disaster" for US society. And the t...

24 Joulu 202431min

Vegas Sports Bookies on Old-School Betting

Vegas Sports Bookies on Old-School Betting

On a visit to Las Vegas, Michael Lewis meets three old-school sports bookies. Chris Andrews, Jimmy Vaccaro, and Vinny Magliulo book bets and set odds at the South Point Hotel Casino. They talk about h...

17 Joulu 202430min

Gambler Billy Walters on the Sharp's Life

Gambler Billy Walters on the Sharp's Life

Michael Lewis sits down with Billy Walters, one of the most famous sports bettors of all time. They talk about Walters' impoverished childhood in Kentucky, and his transformation from an auto dealer t...

10 Joulu 202437min

Episode 7: Little Big Short

Episode 7: Little Big Short

As a resident of California, Michael Lewis cannot place bets on any of the online sports books at the center of this season. They’re not allowed to operate in the state. But why? We hear from pastors,...

3 Joulu 202443min

Episode 6: VIP

Episode 6: VIP

What does it mean to be a “very important person” in the world of online sports betting? Not necessarily what you think. We hear from recovering gambling addicts and state regulators frustrated with s...

26 Marras 202435min

Episode 5: The Mule

Episode 5: The Mule

The role has many names: “Runner,” “mover,” “betting partner,” and “mule.” As skilled sports gamblers find themselves limited on apps, they turn to these affiliates to place their bets in return for a...

19 Marras 202432min

An Interview with Ted Olson

An Interview with Ted Olson

Constitutional lawyer and former US Solicitor Ted Olson recently died at the age of 84. Olson represented the state of New Jersey in its efforts to overturn a federal ban on sports gambling. Those eff...

15 Marras 202433min

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