Weekly Roundup 08/23/24 (SALT Wyoming, Bozo of the Week, Fairshake drama) (EP.554)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
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Matt: Matt Walsh
Nic: and Nick Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and those may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone in this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes.
Matt: Put it down by bad mortgage investments. Lehman, which has 25,000 employees, will be liquidated. The federal government loans American International Group, AIG, $85,000,000,000. This is a different kind of market, and that is a freak.
Nic: The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the 2 mortgage giants that have been threatened by the housing crisis. The bank
Matt: of England has pumped £75,000,000,000 more into Britain's ailing economy with a new round of quantitative easing.
Nic: You print a couple $1,000,000,000, and all of a sudden people start to worry. So out of this worry, we have something called the Bitcoin. Bitcoin.
Matt: Welcome to On the Brink. I'm Matt Walsh. And I'm Nick Carter. And this episode is brought to you by Withum. If you are a regular listener of this show, you know that we take tax accounting and auditing very seriously.
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