3 chapters across the catalog
Patrick Byrne, FBI Wall Street Sting, Galleon Group
Former Overstock CEO Patrick Byrne details his history as an FBI informant. In 2002, he was tasked by nine senators to investigate systemic corruption on Wall Street. Byrne claims his work led to the arrest of Raj Rajaratnam and the collapse of the Galleon Group hedge fund.
Second Economic Stimulus Package Proposals
Congress is preparing a second economic stimulus package as the initial $787 billion failed to curb unemployment. Proposed measures include extending unemployment benefits by 13-14 weeks, COBRA subsidies, and a $4,000 tax credit for new hires proposed by Arlen Specter. The hosts analyze the potential for businesses to exploit the hiring credits and express concern over the nation's "bust" financial status.
Stimulus Package Passage, Donation Scheme and Outro
The federal stimulus package passed with the support of Republican Senators Olympia Snowe and Arlen Specter despite concerns about the timing of the spending. The show concludes with a proposal for a subscription-based donation model to convert listener support into gold as a hedge against economic collapse.
