The Pomp Podcast cover image

#252: Mark Yusko on How we got to QE Infinity from the Fed

The Pomp Podcast

00:00

The Big Short - What's Your Thoughts?

Yesloki: Bill Ackman is a very arrogant guy. He thinks he's kind of above the law. And an i'm just sore, quite honestly, cause in the gold financial crisis, wea saw what was coming in real estate. We wre shorted sub prime, and we bought bonds in this company called general growth. And we bought about 50 cents on the dollar when it declared bankruptcy. In bankruptcy, mister ackman somehow convinced not to foreclose on the equity, so that equity went up 39 times as much over the next ten years post cloe financial crisis. I don't understand how the c c is not looking at that and saying, what? What

Play episode from 53:11
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app