Ian Carroll

And so then I go out and I just get little graphics of where they've worked, just so we can visualize the types of relationships that these board members have, current and past, on their resumes, right?

And so then I go out and I just get little graphics of where they've worked, just so we can visualize the types of relationships that these board members have, current and past, on their resumes, right?

And so then I go out and I just get little graphics of where they've worked, just so we can visualize the types of relationships that these board members have, current and past, on their resumes, right?

And when you look through their board of directors, you see all the biggest financial institutions and most of the regulators, like the FDIC and FINRA, but also the SEC, Apex Fintech Solutions, Davis Polk. The list goes on and on with names like JP Morgan, Citadel Securities, Goldman Sachs, Citi, TD, we talked about BCG last week. And you could really just rabbit hole down this stuff

And when you look through their board of directors, you see all the biggest financial institutions and most of the regulators, like the FDIC and FINRA, but also the SEC, Apex Fintech Solutions, Davis Polk. The list goes on and on with names like JP Morgan, Citadel Securities, Goldman Sachs, Citi, TD, we talked about BCG last week. And you could really just rabbit hole down this stuff

And when you look through their board of directors, you see all the biggest financial institutions and most of the regulators, like the FDIC and FINRA, but also the SEC, Apex Fintech Solutions, Davis Polk. The list goes on and on with names like JP Morgan, Citadel Securities, Goldman Sachs, Citi, TD, we talked about BCG last week. And you could really just rabbit hole down this stuff

for days and days and days. And I did. Virtue is a big name. HSBC, big name. BNY Mellon. We've even got the oil companies on here. But there's a couple of things that I want to note. SIFMA, S-I-F-M-A, is a lobbying organization that lobbies on behalf of all of these guys. The OCC, the CFTC, those are both regulatory agencies. Okay?

for days and days and days. And I did. Virtue is a big name. HSBC, big name. BNY Mellon. We've even got the oil companies on here. But there's a couple of things that I want to note. SIFMA, S-I-F-M-A, is a lobbying organization that lobbies on behalf of all of these guys. The OCC, the CFTC, those are both regulatory agencies. Okay?

for days and days and days. And I did. Virtue is a big name. HSBC, big name. BNY Mellon. We've even got the oil companies on here. But there's a couple of things that I want to note. SIFMA, S-I-F-M-A, is a lobbying organization that lobbies on behalf of all of these guys. The OCC, the CFTC, those are both regulatory agencies. Okay?

I just show you all this to make the point that it's a big club and you're not in it. But they're all good buddies with the regulators that are supposed to be making sure there's no funny business going on with our stock markets.

I just show you all this to make the point that it's a big club and you're not in it. But they're all good buddies with the regulators that are supposed to be making sure there's no funny business going on with our stock markets.

I just show you all this to make the point that it's a big club and you're not in it. But they're all good buddies with the regulators that are supposed to be making sure there's no funny business going on with our stock markets.

Of course, when you go look up the board of directors at a place like FINRA, the Financial Industry Regulatory Authority, their board has veterans of Vanguard and Morgan Stanley on it. But then again, they are what is referred to as a self-regulatory agency.

Of course, when you go look up the board of directors at a place like FINRA, the Financial Industry Regulatory Authority, their board has veterans of Vanguard and Morgan Stanley on it. But then again, they are what is referred to as a self-regulatory agency.

Of course, when you go look up the board of directors at a place like FINRA, the Financial Industry Regulatory Authority, their board has veterans of Vanguard and Morgan Stanley on it. But then again, they are what is referred to as a self-regulatory agency.

And when you start looking into how our financial system actually works, it's completely bonkers how much of it is made up of self-regulatory organizations. Meaning, I'm sure that these bankers and financiers will police themselves and make sure no one breaks any laws. Because after all, why would a banker ever even break a law?

And when you start looking into how our financial system actually works, it's completely bonkers how much of it is made up of self-regulatory organizations. Meaning, I'm sure that these bankers and financiers will police themselves and make sure no one breaks any laws. Because after all, why would a banker ever even break a law?

And when you start looking into how our financial system actually works, it's completely bonkers how much of it is made up of self-regulatory organizations. Meaning, I'm sure that these bankers and financiers will police themselves and make sure no one breaks any laws. Because after all, why would a banker ever even break a law?

Just look at Gary Gensler, the chair of the SEC for the last four years. He worked at Goldman Sachs for 18 years. Every door on Wall Street is a revolving door. And they don't hide it. They brag about how much financial experience all of these stooges have.

Just look at Gary Gensler, the chair of the SEC for the last four years. He worked at Goldman Sachs for 18 years. Every door on Wall Street is a revolving door. And they don't hide it. They brag about how much financial experience all of these stooges have.