What the Shell?
Summary
Slate Money hosts discuss the Trump administration’s move to scrap a law requiring shell company owners to disclose their identities, arguing it undermines anti-money laundering efforts. The episode then covers Josh Kushner and Bob Iger’s $12.5 billion purchase of a majority stake in the LA Lakers, highlighting the trend of treating sports teams as financial assets. Finally, the hosts examine how European heatwaves are disrupting Parmesan cheese banking by increasing storage costs and reducing milk production.
Topics discussed
Intro and Serval ad
Treasury scraps shell company reporting rule
Lobbyist opposition and rule of law concerns
South Dakota trusts and financial industry profits
Anti-money laundering rules for hedge funds and art
Monarch, Upwork, and Amazon Ads sponsors
Kushner and Iger buy Lakers stake from Mark Walter
Private equity in sports and Iger's theater investments
AT&T and Walden University ads
Parmesan cheese collateral melting in Italy
Cheese banking economics and blockchain
McDonald's data, IT bags, and Nantucket baskets
Count Binface's UK election campaign
Slate Plus teaser and closing ads
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