Podcasts about middle class america

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Best podcasts about middle class america

Latest podcast episodes about middle class america

Adulting Is Easy
AIE 185: Financial Feast: A Smorgasbord of Personal Finance Tips

Adulting Is Easy

Play Episode Listen Later Jul 9, 2024 30:37


DJ kicks off the interview by telling us how he became DJ the Money Coach. He became passionate about money because his mother was a victim of predatory lending and identity theft. Furthermore, DJ did what many of us have done: signed up for credit cards not really realizing he had to pay them back. His credit score was very low, and this impacted him in getting mortgages and business loans for a long time. So, he added to his accounting knowledge by listening to tapes and radio shows and reading. DJ learned that what you need to be successful in personal finances is: discipline, accountability, proven system, and do the work for 5 years. The conversation transitions to further personal finance topics, like budgeting (you should have one), student loans, student loan forgiveness, auto loans, whether your primary home is an asset, whether you should pay off your mortgage, insurance, and retiring early. DJ closes by emphasizing Jim Collins' (from the book Good to Great) Hedgehog Concept: finding where your passion aligns with your skills and can earn income. If you liked this episode, you'll also like episode 120: Go to the Investing Gym But Don't Get An Investing Tattoo or 156: Financial Independence doesn't have to be extreme. About DJ: DJ The Money Coach is a distinguished professional speaker, Certified Estate Advisor, and Charter Senior Financial Planner. In 1997, DJ founded Deransburg International, Ltd. (DI), a professional sponsor of the Learning Institute for Financial Education (L.I.F.E). DI's team of expert instructors specializes in financial education, wealth accumulation, asset protection, and small business planning for Middle Class America.In addition to his educational efforts, DJ owns a resort in Zanzibar that supports the African economy. He is also the author of “The ABC's of Wealth: A Common Sense Strategy for Achieving the American Dream.”The Chicago native and Columbia college graduate is committed to delivering exceptional value to his audiences by teaching them how to achieve financial independence through debt elimination, early retirement, and building passive income streams. Connect with DJ: YouTube & IG: DJ the money coach linkedin.com/in/djderansburgjr https://djthemoneycoach.com/ Connect with Lauren: https://twitter.com/AdultingIsEasy https://www.instagram.com/@adultingiseasyreal https://www.housemoneymedia.com/

The Castle Report
Dispirited People

The Castle Report

Play Episode Listen Later Sep 22, 2023 13:05


Darrell Castle talks about the troubling dissatisfaction that is present in American life today caused by the economic reality of the middle class and the indifferent attitude of America's politicians. Transcription / Notes DISPIRITED PEOPLE Hello, this is Darrell Castle with today's Castle Report. This is Friday the 22nd day of September in the year of our Lord 2023. I will be talking about the troubling dissatisfaction that is present in American life today and I argue that much of it is caused by the economic reality of life in Middle Class America, and by the indifferent, let them eat cake, attitude of America's politicians. Polling data indicate that my theory is valid and that the middle class is disappearing because it is being incinerated by the economic reality it faces. For example, the President spoke to the UN General Assembly earlier this week and he told them that he supports delivering the health care of Americans into the hands of the globalists at the UN World Health Organization. In the choice between freedom and enslavement he clearly comes down on the side favoring enslavement. Mr. Middle Class sees all this and he doesn't know what to make of it but he is very suspicious. Not suspicious enough to go to the barricades, not yet anyway, but a report coming from the Census Bureau this week might help him on his way. Yes, while the President was telling the UN that we just have to persevere in Ukraine the Census Bureau was telling Mr. Middle Class that he was descending into poverty as if he didn't already know that. Yes, it seems that the poverty rate increased last year for the first time in 13 years. So, the President goes to the UN or he takes another 10-day vacation and the working people of America slip into poverty. That's more than likely going to cause some unease among Americans, even Democrats. I suppose the President's usual answer of Trump did it will have to suffice at least for a while. Instead of the usual political clap trap, let's look at some things that might really be causing it. Recent polls indicate that something is wrong out there in Middle America. Democrats and Republicans alike understand that the problems are eating away at their lives and their standard of living. Whether Democrat or Republican or whether they are ashamed to be publicly identified with either of those groups, and therefore identify themselves as independent, they know something is wrong. They may blame each other as their masters at the heads of the two political parties have trained them to do, but there seems to be a growing unease as business-as-usual fails to provide answers. The disease is economic although it may exhibit many symptoms, it is economic. When James Carvelle advised Bill Clinton in 1992, “it's the economy stupid” he was right and it's still the economy today. A recent poll indicated that 61% say they lack confidence in what has come to be called Bidenomics to manage economic problems. 54% said Congressional Republicans gave them more confidence that they could successfully deal with the issues facing the country while 45% said they had more confidence in Biden, so they are confused and that is no accident either. Americans are not happy and clearly the driver of their unhappiness is the economy. These polls I have been reading can be confusing but significantly only 37% approve of the way Biden has handled the economy. 70% disapprove of how he has addressed inflation while 75% say they think economic conditions are poor for them. By a large margin the economy is far and away the most important issue facing the country and people in the Middle know that economic reality is stacked against them. Freeing the dollar from the restraints that held it and which forced politicians to be at least a little bit accountable for what they did to the rest of us, has caused a stagnant economy and declining standard of living and worse result for the Middle Class than for others.

Música Cristiana (Gratis)
How Do Christians Survive in Middle-Class America?

Música Cristiana (Gratis)

Play Episode Listen Later Jul 29, 2023 11:57


“Woe to you who are rich. Woe to you who are full now. Woe to you who laugh.” What do Jesus's woes mean for middle-class Americans?This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3279340/advertisement

Música Cristiana
How Do Christians Survive in Middle-Class America?

Música Cristiana

Play Episode Listen Later Jul 29, 2023 11:57


“Woe to you who are rich. Woe to you who are full now. Woe to you who laugh.” What do Jesus's woes mean for middle-class Americans?

Cashflow 2 Freedom Podcast
3. The Rich vs the Middle Class - America's Wealth Gap Problem w/ Bethany LaFlam

Cashflow 2 Freedom Podcast

Play Episode Listen Later Jul 6, 2023 56:46


You might've heard that the top 1% is crushing the other 99% of people. Are the ultra wealthy taking over? Social mobility is a measure of movement of people within a country's socio-economic status. It's an expression of how easy or difficult it is for one to move up (or down) a social class. That's why there are sayings like “go to college, get a ‘real' job,” and “you should be a doctor or lawyer.” When we look at the laws and regulations built in the US, there is an obvious predisposition against those who do not have money. The law assumes that if you have money, you must be smart. And if you don't have money, you must be stupid - this is not always the case. But this is what's inherently taught. This might be risky, but I'm bringing Bethany LaFlam, my attorney, on this episode to shed some light into the rules and regulations placed on financial freedom. Article discussed in the podcast: https://www.wsj.com/articles/a-housing-bust-comes-for-thousands-of-small-time-investors-3934beb3 Follow Bethany on Insta: https://instagram.com/bethany_laflam?igshid=OGIzYTJhMTRmYQ== Find this podcast on YouTube: https://www.youtube.com/@SavingCapitalism Get more free resources here: https://ajosborne.com/ Invest with me: https://cedarcreekwealth.com

social rich invest wealth gap middle class america
The Bottom Line
9/21/22 - Randy Frazee Author of "His Mighty Strength," Victor Davis Hanson Talks State of the Union

The Bottom Line

Play Episode Listen Later Sep 22, 2022 79:39


- PRAYERS NEEDED! "California's Assembly Bill 2098 Would MAKE IT A CRIME for YOUR PERSONAL DOCTOR to Share ANY Information with You that CONTRADICTS THE CDC or FDA. Urge Governor Newsom to VETO THIS BILL" - RANDY FRAZEE: "Learning to Walk in the Same Power that Raised Jesus from the Dead" - VICTOR DAVIS HANSON talks about 'The State of the Union' and the Mistreatment of Middle Class America

Trish Intel Podcast
Aug 26 - Democrats Screw Middle Class America... Again!

Trish Intel Podcast

Play Episode Listen Later Aug 26, 2022 16:09


As Wall Street waits on the Fed (and the political world waits on that affidavit) there's some irony to all of this... and, it's not funny. Middle class Americans will continue to pay the price thanks to bad public policy that prioritizes wealth and power. Join me as I explain in today's edition of The Trish Regan Show. Plus, hear what my guest investor and accountant Charlie Dombeck has to say about the addition of 80,000 IRS agents - and how best to protect yourself from them. Sign up for my newsletter online at https://TrishIntel.com and don't forget to subscribe to the podcast.  Today's Links: https://LegacyPMInvestments.com https://KeyCityCapital.com/TrishSupport the show: https://trishregan.store/See omnystudio.com/listener for privacy information.

Pastor Greg Young
Rick Manning discusses the attack on Trump / Tony Ortiz describes the IRS efforts to go after middle class America

Pastor Greg Young

Play Episode Listen Later Aug 22, 2022 53:01


Rick Manning discusses the attack on Trump. The Whitmer trial and new revelations connecting to the Mar A Lago raid and the J6 entrapment by the FBI. President Trump will always respond to these types of attacks with a ferocious response of his own. Tony Ortiz founder Current Revolt describes the IRS efforts to go after middle class America. Of the 50 hiring centers 25 are in Texas?? Why?? Expedited hiring practices and lax screening, plus arming these agents is dangerous for Texas and America. The sexualization of children is the biggest threat next to taking God out of school.

Pastor Greg Young
Rick Manning discusses the attack on Trump / Tony Ortiz describes the IRS efforts to go after middle class America

Pastor Greg Young

Play Episode Listen Later Aug 22, 2022 53:01


Rick Manning discusses the attack on Trump. The Whitmer trial and new revelations connecting to the Mar A Lago raid and the J6 entrapment by the FBI. President Trump will always respond to these types of attacks with a ferocious response of his own. Tony Ortiz founder Current Revolt describes the IRS efforts to go after middle class America. Of the 50 hiring centers 25 are in Texas?? Why?? Expedited hiring practices and lax screening, plus arming these agents is dangerous for Texas and America. The sexualization of children is the biggest threat next to taking God out of school.

The Political Life
Rick Wade's Journey to the White House, and the U.S. Chamber of Commerce

The Political Life

Play Episode Listen Later Sep 27, 2021 44:33


Rick C. Wade is senior vice president of Strategic Alliances and Outreach at the U.S. Chamber of Commerce. Wade develops and implements programs and initiatives to help the Chamber create new business relationships and partnerships across diverse audiences. He also provides counsel on policy issues and leads special projects. Wade's wealth of knowledge and experience in both the public and private sectors enable him to give a megaphone to the voice of business across the country and share the positive impacts of the free enterprise system. Before joining the Chamber, Wade was principal of The Wade Group, a strategic communications and global business development firm, and was a partner at Harves Investment Group, a consultancy that facilitated foreign direct investment into the U.S. Previously, Wade was a senior adviser and deputy chief of staff to former Secretary of Commerce Gary Locke where he was a liaison to the White House, businesses, trade associations, civic organizations, and local governments. He was a member of the White House task forces on Puerto Rico, Small Business Contracting, Automobile Recovery, Military Families, and Historically Black Colleges & Universities. He also served on the Interagency Business Council and former Vice President Joe Biden's Task Force on Middle Class America and worked with the White House on implementing the American Recovery and Reinvestment Act. Wade received his B.S. from the University of South Carolina and an M.P.A. from Harvard University. He was awarded honorary doctorates from Benedict College and South Carolina State University and has received numerous awards for exemplary leadership and public service. Help us grow! Leave us a rating and review - it's the best way to bring new listeners to the show. Don't forget to subscribe! Have a suggestion, or want to chat with Jim? Email him at Jim@ThePoliticalLife.net  Follow The Political Life on Facebook, Instagram, LinkedIn and Twitter for weekly updates.

The David Knight Show
The David Knight Show - 2020- December 3, Thursday - Staten Island Resistance – A New Sam Adams!

The David Knight Show

Play Episode Listen Later Dec 3, 2020 179:53


— 00:00:08 Retired Generals are calling for Trump to suspend Constitution & declare Martial Law. Is this the beginning of a civil war?— 00:04:15 After the arrest of the owner of small bar, Staten Island arises in mass protest. Is this the beginning of mass resistance? People have been pushed far enough and they're pushing back— 00:31:48 Doctor in Oregon and his staff have never wore a mask, treated 80 COVID patients — he says “it's the common cold”— 00:34:31 Police State brutality for COVID enforce comes to UK. Will they miss the opportunity to stop the Google technocratic gulags as Solzhenitsyn lamented in “Gulag Archipelago”? — 00:42:06 FOX News helps Fauci sell the idea that he being more cautious in approving vaccine than UK since he cares about safety LOL— 00:46:33 “Birthright: The Coming Posthuman Apocalypse”, TimothyAlberino.com. Tim joins to talk about the next step planned by DARPA & NIH's Francis Collins (Fauci's boss) — genetic manipulation into a satanic posthuman future— 01:23:57 Theragripper: a nanotech drug delivery device by John Hopkins. Will the dust-sized device be used to deliver drugs & vaccines by stealth?— 01:28:29 Where do these BS numbers about 95% effectiveness for vaccines come from? Questions and answers you need to know that aren't being discussed— 01:37:59 Biden's “Transition” Team takes on an all new meaning as his radical gender bender agenda is being pushed more than anything else— 01:46:22 Gerald Celente, TrendsResearch.com, joins to look at the do-or-die moment facing Main Street and Middle Class America. And, after our election became Venezuelan, our economy will turn Venezuelan next. Inflation isn't coming, it's already here.

The David Knight Show
The David Knight Show - 2020- August 17, Monday - Lockdown Initiates Civil Unrest And Economic Decline!

The David Knight Show

Play Episode Listen Later Aug 17, 2020 177:44


— 00:03:55 Middle Class America is being looted from TOP DOWN (and also BOTTOM UP)— 00:21:19 COVID Covert Surveillance State — bipartisan corruption— 00:30:37 THIS is how the lockdown ends — from community level UP— 00:40:56 Ron Paul & RFK Jr on assassinations & CIA— 00:52:10 RFK Jr targeted by non-scientist, non-doctor Gates, talks about real science, vaccines and autism — 01:07:25 The “ethics” debate is not about whether to force medicate you, but whether you should be told— 01:12:21 Fauci's fight to suppress safe, effective, affordable COVID treatments— 01:27:04 I predicted an “Escape from NY” scenario when lockdown began 154 days ago. It's now literally true— 01:36:33 Will the anchor baby Kamala sink the Biden campaign? The inside politics of Michelle Obama's presidential aspirations— 01:45:20 RaceWar has been the plan since 1950's. Exposed by a black man in 1969 & again today as black racist violence explodesBANNED.VIDEO

Have It All
6 Main Reasons Why You’re Poor

Have It All

Play Episode Listen Later Feb 20, 2020 6:38


The sad reality is that Middle-Class America is poor. We’re so good at getting our college degrees, joining the workforce, making money, and then spending all of it until we have nothing left to show for all of the hard work that we put in. Real Estate Millionaire Kris Krohn teaches you the six big things that make people poor. Listen in to learn exactly why so many hard-working people in our country end up broke and how you can avoid the same fate.

poor middle class america
Have It All
6 Main Reasons Why You’re Poor

Have It All

Play Episode Listen Later Feb 20, 2020 6:38


The sad reality is that Middle-Class America is poor. We're so good at getting our college degrees, joining the workforce, making money, and then spending all of it until we

poor middle class america
Creating Wealth Real Estate Investing with Jason Hartman
1331 FBF: Core Causes of Economic Crisis with William D. Cohan NY Times Bestselling Author of ‘Money and Power' & ‘House of Cards'

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Nov 22, 2019 64:28


Today's Flash Back Friday comes from Episode 243, originally published in February 2012. Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients. Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn't clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking. To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people's money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner's capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist. Website: www.WilliamCohan.com

Creating Wealth Real Estate Investing & Income Property
1331 FBF: Core Causes of Economic Crisis with William D. Cohan, House of Cards

Creating Wealth Real Estate Investing & Income Property

Play Episode Listen Later Nov 22, 2019 65:00


Today's Flash Back Friday comes from Episode 243, originally published in February 2012. Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients. Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn’t clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company.  To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people’s money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner’s capital to operate. Website: www.WilliamCohan.com

The Broken Record Radio Show
Middle Class America F Yeah

The Broken Record Radio Show

Play Episode Listen Later Oct 10, 2019 113:29


In this episode, Amanda talks to us about how to help poor people........help em deal with middle class activists!!!!! AHHAHAHHAHAHAHAHHAHAHHAHA also, is it cultural appropriation to dress up as a witch? NOTE - In this episode, we ran out of time in our conversation, but you can hear the full interview by becoming a patron at http://patreon.com/thebrokenrecordradioshow 

f yeah middle class america
POWERCOUPLE Financial Podcast
The Financial Architects

POWERCOUPLE Financial Podcast

Play Episode Listen Later May 18, 2019


We Interview Manny Soto the CEO of The Financial Architects. We go over how he started, entrepreneurship, and what Middle Class America needs to know about Retirement!!

Ask Pastor John
How Do Christians Survive in Middle-Class America?

Ask Pastor John

Play Episode Listen Later Apr 10, 2019 11:56


“Woe to you who are rich. Woe to you who are full now. Woe to you who laugh.” What do Jesus's woes mean for middle-class Americans?

Faking Lit
Episode 4 - Purity by Jonathan Franzen

Faking Lit

Play Episode Listen Later Mar 25, 2017 52:09


This week the Idiots discuss Jonathan Franzen's most recent inquiry into the values of Middle Class America, "Purity", talk about nominative determinism, get hung up on the question of the age of consent as it pertains to Whoppers and Big Macs, debate who the most famous wolf is, give literary giant Franzen some notes on his opus, and agree that they need to stop talking about the age of consent on the Podcast.

Mind Body Health & Politics
Transgender in Middle Class America

Mind Body Health & Politics

Play Episode Listen Later Feb 21, 2017 59:20


Host Dr. Richard Louis Miller interviews 2 transgender women, Gwen, a structural engineer and, Erica, an information technology specialist, both of whom were married to women and had children whom they now co-parent.

transgender middle class america
The Moneywise Guys
9/13/16 Middle Class America is finally getting some good news. Are you surprised ?

The Moneywise Guys

Play Episode Listen Later Sep 30, 2016 62:39


The Moneywise Guys Podcast Tuesday, September 13th www.MoneywiseGuys.com Guests: John Duffield, CPA Michael Eastham, President of, "Fellowship Financial Group," 

president good news surprised middle class america
Straight Talk Wealth Radio
Nicole Gelinas - Entire Uncut Interview for Podcast Subscribers Only!

Straight Talk Wealth Radio

Play Episode Listen Later Aug 1, 2015 39:12


Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why governement should not bail out the big banks. 1.) How we got here, markets addicted to government bailouts and stimulus; 2.) Why don't we fear the BOOM? What investors do wrong with risk. 3.) The story of decreasing income and rising debt in Middle Class America. 4.) Where is the trail from Fed money printing to inflated stocks on Wall Street? How they meet up. 5.) Where is the risk in today's banking system?. 6.) Update in Europe and China. 7.) Will things have to get worse before they get better?

Straight Talk Wealth Radio
Nicole Gelinas - Saving Capitalism from Wall Street - And Washington

Straight Talk Wealth Radio

Play Episode Listen Later Jul 23, 2015 58:32


Exclusive interview with Senior Fellow at Manhattan Institute for Policy Research, Nicole Gelinas. I recently discovered Ms. Gelinas on a video she produced with Prager University on why governement should not bail out the big banks. This is Part 1 of my two-part interview with her. In this episode we discussed 1.) How we got here, markets addicted to government bailouts and stimulus; 2.) Why don't we fear the BOOM? What investors do wrong with risk. 3.) The story of decreasing income and rising debt in Middle Class America. Lots more good stuff to come next week!

American Monetary Association
AMA 47 - “House of Cards” with William Cohan

American Monetary Association

Play Episode Listen Later Apr 19, 2013 29:57


Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients. For more details, listen at:  www.JasonHartman.com. Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn't clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking. To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people's money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner's capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist. Bill's new book is titled Money and Power: How Goldman Sachs Came To Rule The World, a revelatory history of Goldman Sachs. His previous book, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, lays out in gory detail how the financial crisis began with the collapses of Bear Stearns and Lehman Brothers. The Last Tycoons: The Secret History of Lazard Frères & Co. won the 2007 Financial Times/Goldman Sachs Business Book of the Year Award for its candid revelations about how Wall Street works. He should know; he spent six years at the firm. Bill Cohan has a long-time insider's in-depth knowledge of investment banking—he was a Wall Street banker for 17 years. In addition to his years as Associate and then Vice President at Lazard Frères, he was a Director in the Mergers & Acquisitions Group at Merrill Lynch and a Managing Director at JPMorgan Chase. He left JPMorgan to write The Last Tycoons, which appeared on the bestseller lists of The New York Times, The Wall Street Journal and USA Today. It edged out Alan Greenspan's Age of Turbulence to win the FT/Goldman Sachs award. Bloomberg.com and The Evening Standard named it Book of the Year. William D. Cohan writes regularly for The New York Times, Vanity Fair, Fortune, The Daily Beast, ArtNews, and The Financial Times. His columns have also appeared in The Washington Post. He is a contributing editor for Bloomberg TV and is a contributor to Bloomberg View. His series of articles on the controversy of the ‘recently discovered' Degas plaster casts in ARTNews won the Silurians 2011 Excellence in Journalism Award. Be sure to check out our prior shows with Richard Kiyosaki, G. Edward Griffin, Peter Schiff, Doug Casey, Chris Mayer, T. Harv Ecker, Denis Waitley, John Stapleford, Addison Wiggin, Thomas E. Woods, and many more.

Creating Wealth Real Estate Investing with Jason Hartman
CW 243: Core Causes of Economic Crisis with William D. Cohan NY Times Bestselling Author of ‘Money and Power' & ‘House of Cards'

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Feb 19, 2012 64:21


Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients.Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn't clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking.To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people's money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner's capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist. Bill's new book is titled Money and Power: How Goldman Sachs Came To Rule The World, a revelatory history of Goldman Sachs. His previous book, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, lays out in gory detail how the financial crisis began with the collapses of Bear Stearns and Lehman Brothers. The Last Tycoons: The Secret History of Lazard Frères & Co. won the 2007 Financial Times/Goldman Sachs Business Book of the Year Award for its candid revelations about how Wall Street works.