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Speaker 1

00:00

The Joe Rogan Experience.

Speaker 2

00:02

Why isn't there this groundswell, I mean outside of the obvious thing of financial interests of major corporations corrupting our political system, but like why is there not kind of people saying this is insane.

Speaker 1

00:20

Because of the financial issue. It's 100% because of that. Because they've co-opted the media, and the media doesn't report on all these things.

Speaker 1

00:30

You know, the media doesn't report on so many things that are bad for you because it's bad for their interests.

Speaker 2

00:35

Well, let me ask you this, and we'll be right back to the Jim Gaffigan show in a minute. I'm here with Joseph Reagan, Rogan. No, let me ask you this.

Speaker 2

00:45

So all right, so Sam Bankman Freed.

Speaker 1

00:48

Just got off of all charges.

Speaker 2

00:50

Off of all charges?

Speaker 1

00:51

That's totally not corrupt. By the way, he deserves to be free.

Speaker 2

00:55

You think he deserves

Speaker 1

00:56

to be free? Yeah, go back to doing meth and hanging out with that little floozy in that house that you had with 40 other people and banging each other? Occasionally

Speaker 2

01:04

when he would be in court in a suit, I would be like, oh, that's so cute, he's got a suit on. It's kind of like a boy at a bar mitzvah and his confirmation. It's just like, oh, look at him in a suit.

Speaker 1

01:17

Like a real man.

Speaker 2

01:18

But all right, let me ask you this.

Speaker 1

01:20

Feds drop campaign contributions charge against Sam Bankman freed But is that all his charges about everything to other other charges are still available, or is he a free man now?

Speaker 2

01:30

I think they said he had to get a

Speaker 1

01:31

haircut, which is really weird. Okay, federal prosecutor dropping campaign finance violation charges against alleged crypto crook Sam Bankman Freed over a legal snafu in his extradition from the Bahamas to the US. Still faces 12 other charges in the case.

Speaker 1

01:48

5 more of those counts are still in question because they were added after he was extradited. It seems to me like the fix is in.

Speaker 2

01:57

Well, let me ask you this. All right, so a logical, Any comedian would look at that and go, all right, so somebody in the Justice Department was like, he donated a lot to our people, let's make this go away. But here's a question I have.

Speaker 2

02:14

So There is that, and that level of corruption. But do you look at that level of corruption and see it as equal to what Trump has been repeatedly busted as do you see those as equal or do you see like That as because you know, like I I wonder if like to me it's like You know, like like the indictments against Trump. I'm like, it's gonna keep going right there gonna There's gonna be more things. Whereas this is vague corruption.

Speaker 2

02:54

I'm not justifying it, but I feel like some people see this as totally equal. You think both sides are equally bad.

Speaker 1

03:04

You would have to go over the case, right? Because the way it's been described to me and the way the CEO was looking at it, he was saying that this is fraud. This is like straight out fraud.

Speaker 1

03:15

It's financial fraud. And they were taking clients' money and using it in a way that they were not supposed to do they were funneling it off to Almeida He was not being honest about his connections to that. I don't know all the absolute specifics of the case, but the way it's been described to me is that there is not enough regulation in cryptocurrency and that these people are allowed to do some really shady shit and that these people took it to the far end of this. And they were making insane amounts of money and they were doing amphetamines and they were hanging out and having this polyamorous lifestyle with these bunch of super nerds banging each other.

Speaker 2

03:59

You shouldn't go to jail for that.

Speaker 1

04:01

Not for banging each other. No, I think that's fun. I'm happy that they get to live like that like this Socially awkward weirdos all of a sudden.

Speaker 1

04:08

They're super rich if they were doing it above ball above ground rather everything was cool I would be celebrating them. I'd be like yeah, they won no, but a lot of people lost a lot of money and You know there was also they were they were being exposed by competitors By finance and then it turns out that finance is fucked too And yeah, they're up their ass with a microscope and they might have all sorts of problems with fraud and all sorts of other things that are being lobbied against them or leveled against them. I don't know. It's a lot of complicated Financial stuff that's outside of my realm of understanding.

Speaker 2

04:49

Yeah, it is interesting because the basic premise again I know nothing about crypto, but isn't the basic premise of crypto is like there's no regulations that's yeah, this currency is outside of it's not tied to the dollar. It's you know, it's You know, it's there's an independence there Whereas so you can't compare that to Martha Stewart going to jail for insider trading.

Speaker 1

05:18

Right? Yeah. I mean, the Martha Stewart thing is interesting because Congress does what she did all the time. I mean, they get access to information.

Speaker 2

05:28

Oh, yeah. That happened during the pandemic? Yeah.

Speaker 2

05:31

Tons of times.

Speaker 1

05:32

I mean, and it's not just a Democrat thing. Everybody points to Nancy Pelosi It's a republic. It's like literally 100% black and white.

Speaker 1

05:40

I mean, excuse me red and blue. It's like across the board

Speaker 2

05:43

Yeah,

Speaker 1

05:44

they're all doing it And it's just something that I think everyone does that's there. They understand like bills that are going to be passed and then they immediately start buying stocks. And they've always done that.

Speaker 1

05:56

And that's 1 of the reasons why they want to be congressmen in the first place.

Speaker 2

06:00

It's 1 of the reasons why they go in with a certain income and leave millionaires.

Speaker 1

06:07

Just not just millionaires, like insanely rich, hundreds of millions of dollars for 6 figure salaries. Wow. Yeah, Look, Nancy Pelosi is a better stock trader than both Warren Buffett and George Soros

Speaker 2

06:21

Her her husband is an investment guy. Yeah, or he was an investment

Speaker 1

06:26

Well, he is when he works with her right like she knows things he bets he you know He places the the stock options and we

Speaker 2

06:34

right and it's many get in the head. That's also I mean, I remember all the senators that pulled out, like Richard Byrd and Kelly Loeffler and all these guys, right when the pandemic, and they sold their stocks and then they said, everything's fine, right? So it's like some of it is selling stocks, it's not necessarily even buying them.

Speaker 1

06:58

Sure, yeah.

Speaker 2

06:59

But

Speaker 1

07:00

yeah. But It's having information that would allow you to make not just an educated guess, but you know what's going to happen. You know what's going to happen, and you know that because of these decisions that are being passed that these companies are going to become far more valuable because they've got certain deals and then you bet on that and that's what it is. It's insider trading.

Speaker 1

07:22

We all know it is.