Why Does it Seem Like Everything Is Rigged? #jre #fightcompanion #joeroganexperience #corruption

Consider this....

After UFC 284, Bryan Callen started explaining a few stories out of a book called The Hackers Mind where he goes into how Goldman Sachs and JP Morgan rigged the aluminum market in 2010 - 13, insider trading in congress, and how venture capitol props up company's that are not profitable, such as UBER.

WATCH THE
FULL EPISODE: https://open.spotify.com/episode/3WTJODADj0xCwF609nhKmd?si=98809b6b001e4f7b

Written By ChatGPT: "In 2011, a CBS "60 Minutes" report revealed that several members of the US Congress had engaged in insider trading, which is the illegal practice of using confidential information to buy or sell securities for personal financial gain. The report alleged that lawmakers had used their access to non-public information to make profitable trades, in some cases earning hundreds of thousands of dollars.

The controversy arose because members of Congress are supposed to be held to higher ethical standards than ordinary citizens and are prohibited from using insider information for personal gain. However, the laws that apply to insider trading in the private sector do not necessarily apply to members of Congress, and there were no specific rules in place to prevent such trading.

The report led to calls for tighter restrictions on lawmakers' financial activities and greater transparency in the reporting of their holdings and transactions. In response, the STOCK Act (Stop Trading on Congressional Knowledge Act) was passed in 2012, which clarified that members of Congress and their staff were subject to the same insider trading laws as everyone else."

#jre #joerogan #joeroganexperience #joeroganpodcast #bryancallen #brendanschaub #uber #goldmansachs #jpmorgan #insidertrading #venturecapitolism #corruption #tfatk