Sam Bankman Fried - Guilty on All Charges!
Send us a textA jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison. In today's podcast we discuss the findings of the trial and speak with Tiffany Fong who has been there in person reporting from the courthouse in New York along with people like Michael Lewis.Tiffany Fong YouTube ChannelTiffany Fong TwitterPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivativ...
4 Nov 202323min
Is This a Golden Age of Fraud?
Send us a textA podcast about how "passive income" money-making scams seem to have taken over the internet, and the economic implications of such scams.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollo...
28 Okt 202323min
The Big Bond Selloff!
Send us a textThe 10-year U.S. Treasury yield closed above 4.9% yesterday, its highest level since July 2007. The bond-market sell-off that's pushing yields higher is starting to eclipse some of the most extreme market meltdowns of past eras.Losses on Ten Year Treasury Bonds are close to 50% since March 2020, while the 30-year bond had plunged even more.Those losses are nearly in line with stock-market losses seen during the worst crashes of recent stock market history — when equities slumped...
20 Okt 202319min
Is Ireland Really the World's Richest Country?
Send us a textOil rich countries have long used sovereign-wealth funds to store their windfall profits from periods of high prices for future years when hard times might arise. Ireland on Tuesday created its own sovereign wealth fund thanks to outsize tax revenues from international companies seeking to lower their tax bills. In the past eight years, the country of five million people has watched its corporate tax income triple to the tune of 22.6 billion euros last year, equivalent...
14 Okt 202323min
The Inevitable Decline of WeWork
Send us a textWeWork announced this week that it would not make two sets of interest payments totaling about $95 million, a move meant to jump-start negotiations with its lenders at the same time it tries to cut costs with its landlords.The missed interest payments will spur speculation of a bankruptcy filing. But WeWork says it has the cash on hand, and the company has a 30-day grace period to make the payments, which were due Monday. At the end of June, it had $205 million in cash and acces...
8 Okt 202336min
Billions of Dollars Trapped In Russia!
Send us a textA large number of western firms have continued to operate and invest in Russia since Putin’s invasion of Ukraine. These companies are estimated to have earned profits of around $20 billion dollars since the invasion. The problem for these companies is that the Kremlin has blocked them from accessing those profits in an effort to clamp down on companies from what they call “unfriendly nations.” Will these companies be able to repatriate these profits at some point in ...
29 Sep 202319min
How Involved Were Sam Bankman Fried's Parents?
Send us a textFTX has sued Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, claiming they enriched themselves by siphoning off millions of dollars in “fraudulently transferred and misappropriated funds” from the cryptocurrency exchange their son founded.In a court filing earlier this week, the FTX debtors said Joseph Bankman and Barbara Fried, both of whom are tenured professors at Stanford Law School, used their influence to funnel money from the business to themselves and...
23 Sep 202330min
The Top Seven Biggest Business Mistakes!
Send us a textWhen a company, brand or product gets really big, it can be easy to imagine that company will remain in business forever. Yet businesses rise and fall over time, with millions and billions of dollars changing hands as executives try to stay current on what consumers want at any given time. Today let's look at some of the biggest business mistakes in history.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: htt...
20 Sep 202320min
