About this episode
LISTEN and SUBSCRIBE on: Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on: 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?