Thread by @RudyHavenstein

"It really is a shame that the S.E.C. has abdicated it's responsibilities over the last 20 years." - Bill Fleckenstein cc @SEC_Enforcement

Grant Williams, Ben Hunt, Marc Cohodes & Fleck.

Best antidote ever for our (mostly) awful financial press.

https://twitter.com/ttmygh/status/1379230033437466627

"I don't know what they're going to do to get to the root of this, which is money's way too cheap, and the banks are too big to fail."

- @Ben Hunt @EpsilonTheory

#FedHistory

"We have a market reality of unbelievable leverage that is available for private gain, and put forward by entities where their losses are socialized." - Ben Hunt

"One thing that's fascinating - or sad - is how wrong the mainstream media has gotten all of this, how badly they've missed it, how the coverage is horrible, and how the coverage is sold to the masses almost like Russian propaganda."

- Marc Cohodes @AlderLaneeggs

"If you can borrow $100 billion at 3 and 30, and go for broke, you can make billions and billions for yourself, and if you lose, so what? It's on the banks' books." - Cohodes

"I think his [Hwang] fund was a front for very bad actors...aka money launderers, which is why everything was disguised as a 'family office' - air quotes around that." - Cohodes

"There's no better way to launder money and to get excess wealth than excess leverage in financial markets." - Cohodes

I think they're [Softbank] the absolute hub of all of this...I think they're ground zero..." - Marc Cohodes

https://mobile.twitter.com/RudyHavenstein/status/1328741855614308352

"The Japanese financial system is increasingly corrupt...It goes back to...artificially-priced money and a complete zombification, so that there is no corporate penalty at the highest levels for taking these kind of risks"

- Ben Hunt #TokioMarine #Softbank #Nomura

"I don't know what it's going to take to get the regulators to do their jobs...the media doesn't seem to care much about anything, they're too busy fighting social justice wars and politics." - Bill Fleckenstein

https://mobile.twitter.com/RudyHavenstein/status/1339969106678743041

"TAX LEVERAGE"

@SenSherrodBrown @SenWarren

"I personally don't think the regulators have any clue about what's been going on."- Fleck

fyi Here's the @ttmygh podcast I was quoting from yesterday. He's made this episode free.

Check it out. Grant gets great guests, and as a host, he let's his guests speak. I am a fan.
ttmygh.podbean.com/e/teg_0018_2/