A Wall Street Fall
Summary
William Cohen discusses his new book on Leon Black and the rise of "New Wall Street," detailing how Black’s Apollo firm now dominates private credit and manages billions in retirement savings. The conversation also covers the Federal Reserve’s recent interest rate hike, analyzing its critical role in maintaining market confidence and fighting inflation despite political pressure from President Trump. Additionally, Cohen explains the context behind Black’s recent contempt of Congress charges, arguing that the investigation into his Epstein connections and nondisclosure agreements is driven b…
Topics discussed
Sponsor: Lavender Locksmith
Intro: Leon Black, Apollo, and the Epstein Files
Guest Introduction: William Cohen
Fed Raises Rates Against Trump's Wishes
Fed Independence, National Debt, and Market Confidence
Trump Reacts to Interest Rate Hike
Debunking 'Transitory Inflation' and Fiscal Responsibility
Why Cohen Wrote About Leon Black and Apollo
Leon Black's Father and the Chiquita Scandal
Black's Contradictions: Tough Negotiator vs. Art Patron
Contempt of Congress and the NDA Dispute
Black's Resignation from Apollo CEO Role
The Rise of 'New Wall Street' and Private Credit
The Wealthy Class and Insulation from Accountability
Closing Remarks and Sponsorship
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