Two Fed Presidents Resign After Embarrassing Trading Revelations

Sep 29, 2021

Today on “The Breakdown,” NLW explores traditional financial system actors behaving badly, including why two Fed 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 

This episode is sponsored by NYDIG.

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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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“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.