Brian Phillips

Yeah. And it's it's so wild because it was like so much of it wasn't even like real money. I mean, yes, it was it was like idea money. I used to call it idea money. Yeah. If you're selling an eight ball, like you've got a product.

Yeah. And it's it's so wild because it was like so much of it wasn't even like real money. I mean, yes, it was it was like idea money. I used to call it idea money. Yeah. If you're selling an eight ball, like you've got a product.

Yeah. And it's it's so wild because it was like so much of it wasn't even like real money. I mean, yes, it was it was like idea money. I used to call it idea money. Yeah. If you're selling an eight ball, like you've got a product.

To an extent, that has to be like you have to kind of stand behind that. Right. Like that has to be good. You have to be giving people what they're paying. Like this was like some guys buying a Mickey Mantle baseball based on guessing in advance what group of old people weren't going to be able to pay off their mortgages in time. Exactly. That was the bet.

To an extent, that has to be like you have to kind of stand behind that. Right. Like that has to be good. You have to be giving people what they're paying. Like this was like some guys buying a Mickey Mantle baseball based on guessing in advance what group of old people weren't going to be able to pay off their mortgages in time. Exactly. That was the bet.

To an extent, that has to be like you have to kind of stand behind that. Right. Like that has to be good. You have to be giving people what they're paying. Like this was like some guys buying a Mickey Mantle baseball based on guessing in advance what group of old people weren't going to be able to pay off their mortgages in time. Exactly. That was the bet.

It's one of those things that like if you just explained it to a normal person, even even pre 2008, if you just explain to a normal person how this worked, they'd be like, no way that is. What is that fake? And that is never going to work. You explain it to like a finance genius and they're like, of course, and I can make it even more complicated and fake.

It's one of those things that like if you just explained it to a normal person, even even pre 2008, if you just explain to a normal person how this worked, they'd be like, no way that is. What is that fake? And that is never going to work. You explain it to like a finance genius and they're like, of course, and I can make it even more complicated and fake.

It's one of those things that like if you just explained it to a normal person, even even pre 2008, if you just explain to a normal person how this worked, they'd be like, no way that is. What is that fake? And that is never going to work. You explain it to like a finance genius and they're like, of course, and I can make it even more complicated and fake.

I think we can open source kicking like 5000 people out of their houses.

I think we can open source kicking like 5000 people out of their houses.

I think we can open source kicking like 5000 people out of their houses.

Yeah, in the end, you were like the most honest guy at Lehman Brothers.

Yeah, in the end, you were like the most honest guy at Lehman Brothers.

Yeah, in the end, you were like the most honest guy at Lehman Brothers.

It used to be that whenever I thought about the Icarus story, I thought there were two ways to look at it. You could either concentrate on the flying or you could concentrate on the falling. And whichever one you focused on probably told you something about yourself. And I think that's probably true when we're talking about, you know, world finance.

It used to be that whenever I thought about the Icarus story, I thought there were two ways to look at it. You could either concentrate on the flying or you could concentrate on the falling. And whichever one you focused on probably told you something about yourself. And I think that's probably true when we're talking about, you know, world finance.

It used to be that whenever I thought about the Icarus story, I thought there were two ways to look at it. You could either concentrate on the flying or you could concentrate on the falling. And whichever one you focused on probably told you something about yourself. And I think that's probably true when we're talking about, you know, world finance.

There are a lot of people for whom it doesn't really matter. It just doesn't really factor in that the industry screwed up the world and kind of pile-drived itself into the sea in 2008. Because all those people are focused on is the cars and the yachts and the cocaine on the table and the unrestrained excess that came before the crash. And frankly, also after the crash. Music

There are a lot of people for whom it doesn't really matter. It just doesn't really factor in that the industry screwed up the world and kind of pile-drived itself into the sea in 2008. Because all those people are focused on is the cars and the yachts and the cocaine on the table and the unrestrained excess that came before the crash. And frankly, also after the crash. Music