Chapter
The Problem With Handing Out Money To Big Corporations
42:44 - 48:18 (05:33)
The more we give money to big corporations in times of trouble, the more they will continue to act irresponsibly. Meanwhile, essential workers are being shamed for receiving a mere $600 and being accused of being lazy.
Clips
A discussion on the Fed's policy of not collecting drawdown fees during the pandemic and its effect on stock buybacks.
42:44 - 45:17 (02:33)
Summary
A discussion on the Fed's policy of not collecting drawdown fees during the pandemic and its effect on stock buybacks.
ChapterThe Problem With Handing Out Money To Big Corporations
EpisodeJon Talks Stocks and Ukraine
PodcastThe Problem With Jon Stewart
The $600 stimulus package was flawed and lacked support for small businesses, despite the essential workers still risking their lives during the pandemic.
45:17 - 46:38 (01:21)
Summary
The $600 stimulus package was flawed and lacked support for small businesses, despite the essential workers still risking their lives during the pandemic. The Paycheck Protection Program had some features but was not enough to help struggling businesses.
ChapterThe Problem With Handing Out Money To Big Corporations
EpisodeJon Talks Stocks and Ukraine
PodcastThe Problem With Jon Stewart
In order to hold Wall Street and the SEC accountable, there needs to be transparency around the money finance gives to Congress, according to the discussion.
46:38 - 48:18 (01:39)
Summary
In order to hold Wall Street and the SEC accountable, there needs to be transparency around the money finance gives to Congress, according to the discussion. The panel argues that retail investors are at a disadvantage and that the SEC needs more resources to properly regulate the market.