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2308 FBF: Crash of the Titans: Greed, Hubris and The Fall of Merrill Lynch and the Near Collapse of Bank of America with Author Greg Farrell

Creating Wealth Real Estate Investing with Jason Hartman

Release Date: 05/23/2025

2328 FBF: The Future of Longevity Science with Dr. John Rush & The Perils of High Frequency Trading with Michael Lewis Author of ‘Flash Boys’ show art 2328 FBF: The Future of Longevity Science with Dr. John Rush & The Perils of High Frequency Trading with Michael Lewis Author of ‘Flash Boys’

Creating Wealth Real Estate Investing with Jason Hartman

This Flashback Friday is from episode 370, published last April  7, 2014. Jason Hartman talks about Michael Lewis's new book "Flash Boys" and comments the on the excellent CBS 60 Minutes segment discussing high-frequency trading and how the stock market, according to Michael Lewis and many other experts, is rigged. Then, Jason interviews Dr. Rush from Cenegenics as they discuss the latest breakthroughs in health and longevity science. This interview was originally recorded for Jason's new "Longevity Show" which will launch soon but he wanted to share it in this episode so you can...

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2327: Aiming For the Longterm: Building Wealth Over Time | Client Case Study with Jonathan Hau show art 2327: Aiming For the Longterm: Building Wealth Over Time | Client Case Study with Jonathan Hau

Creating Wealth Real Estate Investing with Jason Hartman

Today, Jason's client, real estate investor Jonathan Hau discusses his journey from a software career to full-time real estate, emphasizing his discovery of leverage as a wealth-building tool. He explains how his personal residence accidentally became his first rental property and highlights the benefits of self-managing properties over hiring property managers, citing a significant cost-saving example with tree removal. They also touch on the advantages of real estate investment over stock market speculation, the importance of long-term patience, and strategic market timing. Furthermore, they...

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2326 FBF: The Science of Winning and Losing with Po Bronson Author, Journalist with the NY Times & Creator of 'The $treet' on FOX show art 2326 FBF: The Science of Winning and Losing with Po Bronson Author, Journalist with the NY Times & Creator of 'The $treet' on FOX

Creating Wealth Real Estate Investing with Jason Hartman

This Flashback Friday is from episode 368 published last March 14, 2014. Join Jason Hartman as he discusses opening the books on government spending and things, like geography, age, pedigree, etc. that are less meaningful than ever before in history. All of these items have broad implications economically, socially and for real estate investors. Did you know that there are over 3,000 the look bureaucrats in Illinois who earn more than every single governor in the United States? Some of these government officials are on the take with over 25 buckets of income funded by taxpayers. As Jason...

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2325: Unlock Tax-Free Wealth: Mastering the Self-Directed Roth IRA Like Peter Thiel with Adam Bergman show art 2325: Unlock Tax-Free Wealth: Mastering the Self-Directed Roth IRA Like Peter Thiel with Adam Bergman

Creating Wealth Real Estate Investing with Jason Hartman

Jason focuses today on financial wisdom and the real estate market. He emphasizes the importance of taking action over endless information gathering for personal growth and financial success. Jason then shifts to housing appreciation rates over the past decade, highlighting how income property is a robust, tax-advantaged asset class focused on yield, not just price. He further explores the challenges faced by renters due to high rental costs and the scarcity of affordable housing, while also clarifying the investor's role in contributing...

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2324 FBF: Investment Markets & Golf with Kevin Armstrong Formerly of ANZ Group’s Private Bank and Author of ‘Bulls, Birdies, Bogeys, & Bears’ show art 2324 FBF: Investment Markets & Golf with Kevin Armstrong Formerly of ANZ Group’s Private Bank and Author of ‘Bulls, Birdies, Bogeys, & Bears’

Creating Wealth Real Estate Investing with Jason Hartman

This Flashback Friday is from episode 351, published last December 4, 2013.  Kevin Armstrong is the former Chairman of the ANZ Group's Regional Investment Committee and former chief investment officer for ANZ Group's private bank. He's the author of, "BULLS, BIRDIES, BOGEYS & BEARS: The Remarkable & Revealing Relationship Between Golf & Investment Markets." Armstrong explains how the rises and falls in the fortunes of professional golfers, and the emergence and decline of major stars such as Jack Nicklaus and Tiger Woods, reflected the ebb and flow of the stock market. ...

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2323: Trump's Machiavellian Playbook: Impact on Global Economy & Your Investments with Paul Marino show art 2323: Trump's Machiavellian Playbook: Impact on Global Economy & Your Investments with Paul Marino

Creating Wealth Real Estate Investing with Jason Hartman

Jason is currently in Denver at a Joe Dispenza retreat, discusses upcoming topics for the episode, focusing on the economy, markets, and real estate. Specifically, he mentions two U.S. real estate markets, one in Florida and one in Texas, that are approaching "crash levels," defined as a 25% price reduction, despite national appreciation. He concludes with a reminder for listeners to register for an upcoming master class on JasonHartman.com which happens every second Wednesday of each month! Jason then welcomes Paul Marino, Chief Revenue Officer at Themes ETFs. They begin...

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2322 FBF: Corruption at the World Bank with Karen Hudes Whistleblower and Former Attorney with the World Bank & Export Import Bank of the US show art 2322 FBF: Corruption at the World Bank with Karen Hudes Whistleblower and Former Attorney with the World Bank & Export Import Bank of the US

Creating Wealth Real Estate Investing with Jason Hartman

This Flashback Friday is from episode 345, published last November 5, 2013. Karen Hudes studied law at Yale Law School and economics at the University of Amsterdam. She worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. She established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association. In 1999 Karen reported the...

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2321: Trump's Big Beautiful Bill: Revolutionizing Real Estate Investing and Saving on Taxes show art 2321: Trump's Big Beautiful Bill: Revolutionizing Real Estate Investing and Saving on Taxes

Creating Wealth Real Estate Investing with Jason Hartman

Jason presents Travis King, CEO of Realm, a real estate investor collective, focusing on the "Big Beautiful Bill" and its positive implications for real estate investors. They discuss specific provisions like accelerated depreciation and the permanent grandfathering of Opportunity Zones, highlighting their role in attracting capital back into the market. They explore broader real estate trends, including interest rates, the "lock-in effect" on housing supply, and the importance of cost segregation for tax benefits. The conversation also touches on replacement costs, the inelasticity of housing...

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2320 FBF: Adapting to Change with Jared Diamond Pulitzer-Prize Winning Author of ‘Guns, Germs and Steel’ & ‘The World Until Yesterday’ show art 2320 FBF: Adapting to Change with Jared Diamond Pulitzer-Prize Winning Author of ‘Guns, Germs and Steel’ & ‘The World Until Yesterday’

Creating Wealth Real Estate Investing with Jason Hartman

This Flashback Friday and 10th show is from episode 340, published last Sep 25, 2013. Renowned author, physiologist, evolutionary biologist and bio geographer, Dr. Jared Diamond, joins Jason Hartman for a discussion of his newest book, The World Until Yesterday. Dr. Diamond’s unique background has shaped his integrated version of human history. He posits that success – and failure – depends on how well societies adapt to their changing environment. Dr. Diamond is also a medical researcher and professor of physiology at the UCLA School of Medicine. His book "Guns, Germs and Steel" won a...

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2319: Housing Market SHOCKER: Why It's NOT 2008 (The REAL Reason Home Sales are Down) show art 2319: Housing Market SHOCKER: Why It's NOT 2008 (The REAL Reason Home Sales are Down)

Creating Wealth Real Estate Investing with Jason Hartman

Jason discussed concerns about Federal Reserve chair Jerome Powell's leadership and the current state of the housing market, including analysis of historical relationships between housing supply and economic downturns. He explored various market conditions, including the impact of interest rates, inventory levels, and differences between single-family and multifamily housing markets. The discussion concluded with insights into current real estate market challenges and opportunities, along with information about available resources and contact options for listeners. #JeromePowell...

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More Episodes

This Flashback Friday is from episode 257 published last May 1, 2012.

Jason Hartman is joined on this episode by Greg Farrell, author of Crash of the Titans: Greed, Hubris, The Fall of Merrill Lynch, and the Near Collapse of Bank of America, for a discussion of the economic crash and the resulting bailouts, as well as some of the inside dealings with some of the major banks, such as the buyouts by Bank of America.

Greg explains how these banks that participated in the buyouts grossly underestimated the depth of problems in their own banks and in those they acquired. Greg relates his research on Merrill Lynch’s attempt in the 1980s to become more like Goldman Sachs and other Wall Street banks, which was to their detriment because they lacked the expertise for such business practices, and became involved in and in the middle of many of the scandals of the late ‘80s and early ‘90s. Like CitiGroup, they were in over their head.

Jason and Greg discuss Wall Street in general and then specific financial groups regarding the recklessness and risky businesses, funds, etc, that they entertained to give the impression of higher rates of returns. As the plot unfolded, large bonuses to CEOs and high-producing brokers came into play, which encouraged an all or nothing attitude toward the company and fostered a “me” attitude versus long-term stability of the company. Greg also talks about what he calls the “Charlotte Mafia,” the clash of company cultures.

Greg Farrell is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo.

 

 


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