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Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
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https://www.youtube.com/@WatchdogOnWallstreet/featured
History is repeating itself—welcome back to 2008. A major subprime auto lender just went bankrupt, and here’s the kicker: they were handing out car loans to illegal immigrants and still managed to get a AAA rating from the agencies. In this episode:
- Why Wall Street keeps betting on junk debt that’s destined to fail
- How rating agencies rubber-stamp nonsense—and get paid to do it
- Why bailouts are baked into the system, no matter how reckless the play
- What this collapse signals for the broader economy
You can’t make this up. The question is—how many more of these “surprises” will there be?