Two Fed Presidents Resign After Embarrassing Trading Revelations

Plus a Wall Street Journal investigation uncovers hundreds of U.S. judges who ruled on cases involving companies they had investments in.

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ABOUT

This episode is sponsored by NYDIG.

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Today on “The Breakdown,” NLW explores traditional financial system actors behaving badly, including why two Federal Reserve presidents are retiring early after revelations that they were actively trading stocks at the height of last year’s market crisis. He also covers:

A new WSJ investigation that found 131 federal judges had broken the law by not recusing themselves from cases where they had a financial interest
The latest macro issues around Evergrande, inflation and more
More crypto companies leaving China for good

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: Cooper Neill/Bloomberg/Getty Images, modified by CoinDesk.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.