1 00:00:00,080 --> 00:00:02,240 Speaker 1: One of the things that I love to hate about 2 00:00:02,240 --> 00:00:04,000 Speaker 1: the end of the year, and Mark, you can back 3 00:00:04,040 --> 00:00:06,439 Speaker 1: me up on this is the end of the year stories. 4 00:00:06,720 --> 00:00:09,799 Speaker 1: It's always the oh, here's the people that we lost 5 00:00:09,880 --> 00:00:12,680 Speaker 1: this year. Here are the top events of this year. 6 00:00:12,800 --> 00:00:15,640 Speaker 1: Here's things you forgot about this year. And then next 7 00:00:15,640 --> 00:00:18,920 Speaker 1: week will be the preview of twenty twenty three stories. Right, 8 00:00:19,000 --> 00:00:21,079 Speaker 1: here's what we have to look forward to. Here are 9 00:00:21,120 --> 00:00:25,880 Speaker 1: the predictions for twenty twenty three. It's lazy, and I 10 00:00:25,920 --> 00:00:29,400 Speaker 1: absolutely will be engaging in all of its a lot 11 00:00:29,400 --> 00:00:32,440 Speaker 1: of lists, also known as the laziest form of journalism 12 00:00:32,440 --> 00:00:36,199 Speaker 1: that exists one hundred percent, and yet I just I 13 00:00:36,280 --> 00:00:39,159 Speaker 1: buy into it every year. Maybe it's because I'm a 14 00:00:39,200 --> 00:00:44,239 Speaker 1: lazy talk show host. Maybe it's because listen, as we 15 00:00:44,240 --> 00:00:46,879 Speaker 1: talked about yesterday, Mark, you know the A teams are 16 00:00:46,960 --> 00:00:50,040 Speaker 1: they're all on vacation, whether it's radio or news or 17 00:00:50,680 --> 00:00:52,440 Speaker 1: you know, TV news, whatever else it is, they're all 18 00:00:52,440 --> 00:00:56,240 Speaker 1: on vacation. So it's up to us. What I called 19 00:00:56,240 --> 00:00:59,040 Speaker 1: the B team, but I think you properly corrected me 20 00:00:59,120 --> 00:01:02,680 Speaker 1: yesterday by saying that we're the Special Forces Radio Team. 21 00:01:02,680 --> 00:01:06,720 Speaker 1: We're basically radio team six special operators that's exactly right. 22 00:01:06,880 --> 00:01:12,480 Speaker 1: Special operators perfect perfect, So we're spec ops. As spec ops, 23 00:01:13,400 --> 00:01:14,920 Speaker 1: I think we get to be a little bit lazy, 24 00:01:15,080 --> 00:01:17,520 Speaker 1: so that's what we do. I was looking at one 25 00:01:17,520 --> 00:01:20,600 Speaker 1: of those fantastic lists. One of the things that bugs 26 00:01:20,640 --> 00:01:22,720 Speaker 1: me is that the lists are usually pretty predictable, So 27 00:01:22,760 --> 00:01:25,320 Speaker 1: I always appreciate when somebody gets I don't want to 28 00:01:25,319 --> 00:01:27,400 Speaker 1: say out of bounds, but they sort of hit from 29 00:01:27,440 --> 00:01:31,240 Speaker 1: left field a little bit. And Michael Hiltzik from the 30 00:01:31,360 --> 00:01:34,240 Speaker 1: La Times is a business columnist, did that, and I 31 00:01:34,280 --> 00:01:38,960 Speaker 1: think this is great. His article says, it's the holiday 32 00:01:39,000 --> 00:01:41,600 Speaker 1: season when we pundits look back at the most uplifting 33 00:01:41,600 --> 00:01:44,160 Speaker 1: moments of the last year and ahead to what may 34 00:01:44,200 --> 00:01:47,520 Speaker 1: gladden our hearts in the next he says, but I'm 35 00:01:47,560 --> 00:01:52,960 Speaker 1: not doing that. He talks about instead the year of fails. 36 00:01:53,360 --> 00:01:58,200 Speaker 1: Oh yes see, this is a fantastic list. And maybe 37 00:01:58,240 --> 00:02:00,320 Speaker 1: it's the cynic in me. Maybe it's the fact that 38 00:02:00,360 --> 00:02:02,320 Speaker 1: I just get bored with the same old, same old. 39 00:02:02,320 --> 00:02:05,480 Speaker 1: But he's basically like, here's the crap from twenty twenty 40 00:02:05,880 --> 00:02:10,000 Speaker 1: twenty two. Here's the absolute garbage. Here's the stuff we thought, 41 00:02:10,120 --> 00:02:13,120 Speaker 1: but we were corrected because the year went on I 42 00:02:13,360 --> 00:02:19,720 Speaker 1: love it. It's fantastic. So a Hiltic goes on to say, 43 00:02:20,280 --> 00:02:23,400 Speaker 1: here's some of the things that were major fails. One 44 00:02:23,400 --> 00:02:27,600 Speaker 1: of the biggest was the Musk mythology, and that is 45 00:02:27,600 --> 00:02:32,280 Speaker 1: that Elon Musk is not a god. The notion that 46 00:02:32,320 --> 00:02:34,040 Speaker 1: if you're a billionaire, you must be brilliant or at 47 00:02:34,080 --> 00:02:36,160 Speaker 1: least smart has been reduced to a smoking ruined things 48 00:02:36,160 --> 00:02:39,160 Speaker 1: to Elon Musk's misadventure is the buyer and twitter in 49 00:02:39,240 --> 00:02:43,880 Speaker 1: chief of Twitter It's fantastic. Until this year, Musk's role 50 00:02:43,919 --> 00:02:46,800 Speaker 1: as testas CEO was the key factor in the company's buoyancy, 51 00:02:46,840 --> 00:02:50,480 Speaker 1: despite its dubious profitability and persistent issues with delivery schedules 52 00:02:50,480 --> 00:02:52,799 Speaker 1: and product quality. His behavior a Twitter has opened the 53 00:02:52,800 --> 00:02:55,760 Speaker 1: floodgates of long over there reporting about his mismanagement capable 54 00:02:55,880 --> 00:02:59,560 Speaker 1: excuse me about his management capabilities. In just the last week, 55 00:03:00,040 --> 00:03:02,760 Speaker 1: some of Tesla's most dependable cheerleaders in the financial world 56 00:03:02,760 --> 00:03:06,000 Speaker 1: of turn Musk turned on Musk by suggesting shockingly that 57 00:03:06,080 --> 00:03:08,920 Speaker 1: Tesla's sycophantic board should rain him in or even find 58 00:03:08,919 --> 00:03:13,200 Speaker 1: a new CEO. This is totally true. We have known 59 00:03:13,320 --> 00:03:14,880 Speaker 1: for a long time, and this is coming from a 60 00:03:14,880 --> 00:03:17,320 Speaker 1: guy who's been a big proponent of Tesla's I think 61 00:03:17,360 --> 00:03:22,720 Speaker 1: those are fantastic cars. They're beautiful vehicles. I should note, however, 62 00:03:22,840 --> 00:03:25,600 Speaker 1: that they came in now dead last. I was just 63 00:03:25,639 --> 00:03:29,359 Speaker 1: seeing today in reliability. Uh that's not a good sign. 64 00:03:30,000 --> 00:03:32,320 Speaker 1: But I think they're cool cars. I've thought this since 65 00:03:32,480 --> 00:03:36,000 Speaker 1: since that that Tesla Modelsque came out. What a beautiful vehicle. 66 00:03:36,600 --> 00:03:40,440 Speaker 1: Fantastic the follow ups. You know that the that suv 67 00:03:40,640 --> 00:03:43,440 Speaker 1: with the go wings, that was kind of a miss um. 68 00:03:43,480 --> 00:03:46,360 Speaker 1: I thought that the is it the Model three, that's 69 00:03:46,400 --> 00:03:48,400 Speaker 1: the one that's kind of the affordable one, right, I 70 00:03:48,440 --> 00:03:50,560 Speaker 1: thought that's a there you go. Now you're getting people 71 00:03:50,600 --> 00:03:53,280 Speaker 1: into the market. It's a it's a competitor to to 72 00:03:53,480 --> 00:03:57,720 Speaker 1: GM and two to Ford cool. That's great. Was watching 73 00:03:57,720 --> 00:04:00,960 Speaker 1: their stock today and it is just in free fall, 74 00:04:01,520 --> 00:04:09,400 Speaker 1: just an absolute bomb. Just it is dropping like uh 75 00:04:09,920 --> 00:04:13,880 Speaker 1: like uh just dropping. I could use like those bad 76 00:04:13,920 --> 00:04:16,240 Speaker 1: analogies and to drop it like it's hot or whatever, 77 00:04:16,839 --> 00:04:20,320 Speaker 1: but you know, I'm not gonna do that. Uh So Anyway, Yeah, 78 00:04:20,360 --> 00:04:22,920 Speaker 1: that's one of the big fails of this year, and 79 00:04:23,000 --> 00:04:26,880 Speaker 1: frankly it's deserved because all of Tesla's stock was built 80 00:04:26,960 --> 00:04:30,960 Speaker 1: kind of like cryptocurrency where it was sort of speculative 81 00:04:31,520 --> 00:04:35,040 Speaker 1: and people were buying the stock thinking this is going 82 00:04:35,080 --> 00:04:37,000 Speaker 1: to be huge. I gotta get in now. Even if 83 00:04:37,000 --> 00:04:40,040 Speaker 1: the stock is overvalued now it's undervalued for the long run. 84 00:04:40,080 --> 00:04:43,400 Speaker 1: They were getting into it. Now people are going, uh, 85 00:04:44,120 --> 00:04:45,800 Speaker 1: I don't really see what the future is since the 86 00:04:45,800 --> 00:04:49,520 Speaker 1: CEO is a bit unhinged. Speaking of crypto, that's the 87 00:04:49,600 --> 00:04:53,200 Speaker 1: next thing that Hiltic points out is cryptocurrency is a 88 00:04:53,240 --> 00:04:57,880 Speaker 1: giant fail. A lot of this comes back to what's 89 00:04:57,920 --> 00:05:01,120 Speaker 1: going on with that Sam Bankman, freed guy, the guy 90 00:05:01,200 --> 00:05:04,120 Speaker 1: from the FTX and you've probably watched this. How FTX 91 00:05:04,240 --> 00:05:08,680 Speaker 1: lost billions of dollars overnight and how they were they 92 00:05:08,680 --> 00:05:13,040 Speaker 1: were borrowing from their investors to invest in other stuff. 93 00:05:13,040 --> 00:05:15,560 Speaker 1: And as the market tanked, everything tanked, and it's just 94 00:05:15,600 --> 00:05:20,640 Speaker 1: been a disaster and absolute disaster. I'm not quite ready 95 00:05:21,200 --> 00:05:25,880 Speaker 1: to say crypto is a complete fail. In fact, one 96 00:05:25,880 --> 00:05:29,719 Speaker 1: of the points is being made by Hiltzic is that 97 00:05:30,360 --> 00:05:37,560 Speaker 1: cryptocurrency is nothing. He says, cryptocurrencies are a scam. There 98 00:05:37,640 --> 00:05:40,120 Speaker 1: would be assets with no intrinsic value other than what 99 00:05:40,200 --> 00:05:45,240 Speaker 1: their holders can persuade some fool to pay for them. 100 00:05:45,240 --> 00:05:49,440 Speaker 1: My issue with that is that what Hiltzic has just 101 00:05:49,480 --> 00:05:55,400 Speaker 1: done is described all fiat currencies. See the differences. Fiat 102 00:05:55,400 --> 00:05:58,800 Speaker 1: currencies are backed by governments. But truly, there is no 103 00:05:58,880 --> 00:06:01,840 Speaker 1: intrinsic value to that dollar bill in your pocket. It 104 00:06:01,920 --> 00:06:07,520 Speaker 1: has no value. The value is the cotton fiber paper 105 00:06:07,560 --> 00:06:09,880 Speaker 1: that's been used to print it on can be used 106 00:06:09,880 --> 00:06:13,520 Speaker 1: for kindling. That's it. There's no value to it. So 107 00:06:13,960 --> 00:06:18,080 Speaker 1: this notion that, oh, cryptocurrency has no intrinsic value, neither 108 00:06:18,120 --> 00:06:21,600 Speaker 1: does paper money. It doesn't. It's just what we decide 109 00:06:21,640 --> 00:06:24,360 Speaker 1: we're going to assign to that piece of paper. In 110 00:06:24,400 --> 00:06:27,520 Speaker 1: this case, it would be cryptocurrency. So I'm not ready 111 00:06:27,520 --> 00:06:30,000 Speaker 1: to jump on the whole cryptocurrency as a scam. I 112 00:06:30,040 --> 00:06:32,800 Speaker 1: still think moving forward we're going to need a digital currency. 113 00:06:33,400 --> 00:06:35,600 Speaker 1: But yeah, there's some definitely some growing pains and some 114 00:06:35,800 --> 00:06:38,400 Speaker 1: massive fraud going on, and this is a huge example. 115 00:06:39,400 --> 00:06:42,120 Speaker 1: He also points out another fail of twenty twenty two 116 00:06:42,920 --> 00:06:48,200 Speaker 1: watchdogs for COVID conspiracies. The independent journalism organization pro Public, 117 00:06:48,360 --> 00:06:53,200 Speaker 1: spent years establishing a reputation for smart, painstaking investigations that 118 00:06:53,240 --> 00:06:56,040 Speaker 1: came crashing down in October when it unaccountably joined up 119 00:06:56,040 --> 00:06:58,440 Speaker 1: with a conspiracy theorist at Vanity Fair to push along 120 00:06:58,520 --> 00:07:01,880 Speaker 1: debunk claim the would virus escape from a Chinese biology 121 00:07:01,960 --> 00:07:08,400 Speaker 1: lab before spreading worldwide. That was the early rumor, right, 122 00:07:08,440 --> 00:07:09,840 Speaker 1: that was sort of being pushed by some of the 123 00:07:09,880 --> 00:07:13,000 Speaker 1: conspiracy theorists, and it sort of went away, and then 124 00:07:13,280 --> 00:07:15,160 Speaker 1: late this year it came back like, well, maybe it 125 00:07:15,160 --> 00:07:19,240 Speaker 1: did happen. Come to find out, No, the evidence that 126 00:07:19,320 --> 00:07:21,800 Speaker 1: it may have happened was just a rehashing of the 127 00:07:21,840 --> 00:07:25,320 Speaker 1: old conspiracy theories that got picked up by reputable sources 128 00:07:25,720 --> 00:07:31,239 Speaker 1: who didn't do their diligence in vetting their own information. So, yeah, 129 00:07:31,280 --> 00:07:34,400 Speaker 1: the watchdog is a massive fail in this case, and 130 00:07:34,440 --> 00:07:37,960 Speaker 1: I would buy extensions say media was a massive fail 131 00:07:38,000 --> 00:07:40,640 Speaker 1: in this case. Journalism in general a giant failure in 132 00:07:40,640 --> 00:07:43,080 Speaker 1: twenty twenty two when it came to that sort of information, 133 00:07:44,600 --> 00:07:47,920 Speaker 1: the promotion of the red wave, Oh, the red wave 134 00:07:48,000 --> 00:07:50,640 Speaker 1: is coming, there's gonna be this massive turnover in Congress. 135 00:07:50,640 --> 00:07:53,720 Speaker 1: And look, history would have pointed out that anytime you've 136 00:07:53,720 --> 00:07:56,280 Speaker 1: got a president of one party and Congress of that 137 00:07:56,320 --> 00:07:58,800 Speaker 1: same party, that in the first mid tournament it switches. 138 00:07:59,240 --> 00:08:01,160 Speaker 1: History able to last fifty years has shown us that 139 00:08:01,200 --> 00:08:05,720 Speaker 1: that is nearly always the case. Didn't really happen this 140 00:08:05,800 --> 00:08:09,800 Speaker 1: time around. Sure the majority has changed, and come January second, 141 00:08:09,840 --> 00:08:12,880 Speaker 1: I believe we're going to see Congress switch control from 142 00:08:12,920 --> 00:08:15,520 Speaker 1: the Democrats to the Republicans, but not by a huge margin. 143 00:08:15,600 --> 00:08:18,840 Speaker 1: Certainly wasn't this big red wave that was being pushed. 144 00:08:19,920 --> 00:08:25,720 Speaker 1: Also another fail was the strength of the Russian bear 145 00:08:26,840 --> 00:08:31,000 Speaker 1: and how Russia just is not what Russia has ever 146 00:08:31,080 --> 00:08:34,200 Speaker 1: believed to be or we've ever been told that Russia is. 147 00:08:34,240 --> 00:08:38,240 Speaker 1: They're just not the big adversary. In fact, Hiltic goes 148 00:08:38,280 --> 00:08:41,360 Speaker 1: on from The ly Times to say that it's more like, 149 00:08:43,000 --> 00:08:44,920 Speaker 1: I don't want to say neocons, but let's just say 150 00:08:44,920 --> 00:08:49,360 Speaker 1: people who are pushing hard for the military might to 151 00:08:49,400 --> 00:08:51,640 Speaker 1: create some sort of an enemy that we can all 152 00:08:51,760 --> 00:08:54,040 Speaker 1: rally behind and say, look, this is a real danger 153 00:08:54,080 --> 00:08:56,120 Speaker 1: to us, we need more money for the Defense Department, 154 00:08:56,160 --> 00:08:59,480 Speaker 1: and then only to find out they're really not not 155 00:08:59,520 --> 00:09:02,560 Speaker 1: a big deal. So some of the big fails I 156 00:09:02,640 --> 00:09:05,920 Speaker 1: love to again, I love to review things. I love 157 00:09:06,000 --> 00:09:08,800 Speaker 1: the twist on this that it's not Oh, here's some 158 00:09:08,840 --> 00:09:13,120 Speaker 1: of the celebrities that we'll miss going forward, and that's deserving. 159 00:09:13,320 --> 00:09:14,760 Speaker 1: Don't get me wrong, it's nice to be a little 160 00:09:14,760 --> 00:09:16,320 Speaker 1: bit nostalgic and at the end of the year, but 161 00:09:16,840 --> 00:09:19,600 Speaker 1: I'd like to also remember the full context of a year, 162 00:09:20,720 --> 00:09:23,840 Speaker 1: the good and the ugly, as well as many of 163 00:09:23,840 --> 00:09:27,680 Speaker 1: the bads that go on too. He does talk about 164 00:09:27,679 --> 00:09:29,840 Speaker 1: what's coming up in the next year, and I thought 165 00:09:29,840 --> 00:09:33,439 Speaker 1: that was pretty interesting. The twenty twenty three predictions of failures, 166 00:09:34,640 --> 00:09:37,040 Speaker 1: he says, it's tempting to speculate about what might be 167 00:09:37,080 --> 00:09:40,040 Speaker 1: the biggest fails of twenty twenty three. Hiltzic says he 168 00:09:40,080 --> 00:09:43,280 Speaker 1: doesn't think Ron DeSantis has the staying power to be 169 00:09:43,280 --> 00:09:47,760 Speaker 1: a national figure in twenty twenty three. Let me see 170 00:09:47,800 --> 00:09:51,400 Speaker 1: what else. Oh yeah, the investigation of Anthony Fauci that 171 00:09:51,440 --> 00:09:53,400 Speaker 1: the House GOP majority says they're going to be launching 172 00:09:53,400 --> 00:09:56,360 Speaker 1: in the new year. Hiltzic predicts that the effort to 173 00:09:56,360 --> 00:09:59,920 Speaker 1: turn this widely respected scientist into a villain will evaporate 174 00:10:00,040 --> 00:10:03,560 Speaker 1: right in a maizema of ignorance and stupidity, as we'll 175 00:10:03,559 --> 00:10:07,079 Speaker 1: talk of prosecuting him most recently promoted by that paragon 176 00:10:07,120 --> 00:10:10,840 Speaker 1: of silver judgment Elon Musk. Hiltic then goes back to 177 00:10:10,840 --> 00:10:12,160 Speaker 1: the one thing I disagree with him on and that 178 00:10:12,200 --> 00:10:15,079 Speaker 1: is that crypto will still be dead. Crypto maybe low 179 00:10:15,120 --> 00:10:16,720 Speaker 1: for another couple of years, but as we've seen over 180 00:10:16,760 --> 00:10:20,400 Speaker 1: the last decade, crypto ebbs and flows and we'll come back. 181 00:10:21,800 --> 00:10:24,160 Speaker 1: I've wanted to I wanted to expand just a little 182 00:10:24,160 --> 00:10:29,920 Speaker 1: bit on some of that crypto angle, specifically the FTX mess, 183 00:10:31,160 --> 00:10:35,840 Speaker 1: because we're seeing the FTX meltdown that was the crypto 184 00:10:35,880 --> 00:10:39,600 Speaker 1: exchange that Sam Bankman Freed was the head of. We're 185 00:10:39,640 --> 00:10:42,480 Speaker 1: seeing that play out in the courts now and it's 186 00:10:42,520 --> 00:10:45,040 Speaker 1: sort of bringing us to another fail and that is 187 00:10:46,320 --> 00:10:49,920 Speaker 1: our blind justice system, all right, So that's next. How 188 00:10:49,960 --> 00:10:52,960 Speaker 1: blind is our justice system depends on how much money 189 00:10:52,960 --> 00:10:56,480 Speaker 1: you have. Maybe our justice system needs leasic Chris merrill 190 00:10:56,480 --> 00:10:58,400 Speaker 1: in for John and Ken k If. I am six forty. 191 00:10:58,400 --> 00:11:01,360 Speaker 1: We're live everywhere that I Heeart radio app, Silicon Valley, 192 00:11:01,559 --> 00:11:05,200 Speaker 1: maybe changing. It's hard to say exactly what's going to 193 00:11:05,240 --> 00:11:09,040 Speaker 1: be the end result of this FTX meltdown, this crypto 194 00:11:09,040 --> 00:11:14,520 Speaker 1: exchange meltdown, the Sam Bankman freed mess. This dude and 195 00:11:14,559 --> 00:11:15,880 Speaker 1: I don't know how old this guy is, but he 196 00:11:15,880 --> 00:11:17,800 Speaker 1: looks like he's about thirty, maybe a little bit younger. 197 00:11:18,600 --> 00:11:23,319 Speaker 1: And he's got kind of that Silicon Valley style going on, 198 00:11:23,400 --> 00:11:31,199 Speaker 1: you know, the disheveled look. That may change. It's possible 199 00:11:31,280 --> 00:11:37,319 Speaker 1: that we stop seeing shabby chic being the cool thing 200 00:11:37,440 --> 00:11:43,800 Speaker 1: from Silicon Valley. It's possible that the Mark Zuckerberg hoodie 201 00:11:44,320 --> 00:11:48,200 Speaker 1: is no longer in. It's totally possible that people have 202 00:11:48,240 --> 00:11:51,440 Speaker 1: to start wearing suits to their professional jobs again. For 203 00:11:51,520 --> 00:11:54,480 Speaker 1: some of you, you're thinking, good, it's about time. I 204 00:11:54,520 --> 00:11:57,720 Speaker 1: think that's horrible because that means I have to buy suits, 205 00:11:58,040 --> 00:12:02,320 Speaker 1: and my weight actuates like Oprah. The idea of me 206 00:12:02,360 --> 00:12:07,679 Speaker 1: having multiple suits for whatever weight mood I'm in sounds horrible. 207 00:12:08,040 --> 00:12:10,080 Speaker 1: I don't have enough closet space for all of that. 208 00:12:10,960 --> 00:12:14,559 Speaker 1: So I'm hoping that the shabby cheek sticks around, even 209 00:12:14,640 --> 00:12:21,240 Speaker 1: though the purveyors of shabby cheek are kind of doltish. 210 00:12:21,280 --> 00:12:23,400 Speaker 1: If it doesn't, I may just opt for the handle 211 00:12:23,520 --> 00:12:26,240 Speaker 1: sheek and fill my closet with cargo shorts and Hawaiian shirts. 212 00:12:27,000 --> 00:12:31,480 Speaker 1: May go for that. Fascinated watching this guy. Remember he 213 00:12:32,559 --> 00:12:37,839 Speaker 1: got basically blamed for the entire meltdown, and he went 214 00:12:37,880 --> 00:12:39,920 Speaker 1: from having billions of dollars too he claimed only having 215 00:12:39,920 --> 00:12:43,200 Speaker 1: one hundred thousand dollars the Sam Bankman Freed, and then 216 00:12:43,200 --> 00:12:45,320 Speaker 1: he took off and was in the Bahamas. So the 217 00:12:45,400 --> 00:12:48,679 Speaker 1: United States wanted to bring him back. There was an 218 00:12:48,679 --> 00:12:52,440 Speaker 1: extradition request scent and he said, okay, I'll abide, So 219 00:12:52,480 --> 00:12:54,840 Speaker 1: he comes back to the United States and he came back. 220 00:12:54,880 --> 00:12:56,800 Speaker 1: I believe yesterday is when he got back to the 221 00:12:56,920 --> 00:13:01,360 Speaker 1: United States. He had a hearing today where he was 222 00:13:01,880 --> 00:13:05,480 Speaker 1: allowed out on bond. I think we got a little 223 00:13:05,520 --> 00:13:09,160 Speaker 1: bit of the updated audio on this from Channel seven. Yeah, 224 00:13:09,200 --> 00:13:13,320 Speaker 1: go ahead and play that. Eric businessman Sam Bankman Freed 225 00:13:13,480 --> 00:13:15,880 Speaker 1: is set to make his first court appearance in the 226 00:13:16,000 --> 00:13:18,839 Speaker 1: US this afternoon. Bankman Freed is the founder of the 227 00:13:18,880 --> 00:13:22,360 Speaker 1: cryptocurrency exchange FTX, and is charged in a plot to 228 00:13:22,559 --> 00:13:26,760 Speaker 1: defraud investors of millions of dollars. He guided from the 229 00:13:26,760 --> 00:13:30,360 Speaker 1: Bahamas this week, and two of his top executives have 230 00:13:30,440 --> 00:13:36,280 Speaker 1: already pled guilty. Abousy's Alexis christopherus with Moore. Sam Bankman Freed, 231 00:13:36,440 --> 00:13:40,840 Speaker 1: the former CEO of collapsed cryptocurrency exchange FTX, left the 232 00:13:40,880 --> 00:13:44,560 Speaker 1: Bahamas Wednesday night, arriving in New York after being transferred 233 00:13:44,559 --> 00:13:48,599 Speaker 1: to FBI custody. He realized that fighting expedition is a 234 00:13:48,679 --> 00:13:51,880 Speaker 1: fool's errand in the Bahamas, the argument would have to 235 00:13:51,920 --> 00:13:54,880 Speaker 1: have been that they got the wrong Sam Banking Freed, 236 00:13:54,960 --> 00:13:58,880 Speaker 1: and that's just a ridiculous argument to make. Federal prosecutors 237 00:13:58,880 --> 00:14:02,200 Speaker 1: announced eight criminal charges against the thirty year old former 238 00:14:02,240 --> 00:14:08,079 Speaker 1: executive that included fraud, conspiracy, money laundering, and campaign finance violations. 239 00:14:08,280 --> 00:14:12,040 Speaker 1: They alleged he defrauded investors and diverted billions of dollars 240 00:14:12,040 --> 00:14:15,080 Speaker 1: in FTX customer money to his hedge fund, which he 241 00:14:15,120 --> 00:14:18,200 Speaker 1: then used to fund his lavish lifestyle, as well as 242 00:14:18,280 --> 00:14:22,440 Speaker 1: risky personal investments and political donations. In an interview with 243 00:14:22,480 --> 00:14:27,080 Speaker 1: ABC's George Stephanopolis last month, Bankman Freed denied knowing FTX 244 00:14:27,160 --> 00:14:30,880 Speaker 1: customer funds were being improperly used. Did you even know 245 00:14:31,360 --> 00:14:34,200 Speaker 1: that these funds were being fought Alamedia. I did not 246 00:14:34,320 --> 00:14:38,560 Speaker 1: know that there is any improper NOIDI use of customer funds. 247 00:14:38,880 --> 00:14:43,120 Speaker 1: Two former colleagues of Bankman Freed, Caroline Ellison, chief executive 248 00:14:43,160 --> 00:14:46,720 Speaker 1: of Alameda, and Gary Wang, who co founded FTX with 249 00:14:46,800 --> 00:14:50,360 Speaker 1: Bankman Freed, have pleaded guilty to federal charges and are 250 00:14:50,400 --> 00:14:54,120 Speaker 1: cooperating with prosecutors. The US Attorney for the Southern District 251 00:14:54,160 --> 00:14:56,840 Speaker 1: of New York urging others to come forward if you 252 00:14:56,920 --> 00:15:01,000 Speaker 1: participated in misconduct at FTX or a me to Now 253 00:15:01,120 --> 00:15:03,000 Speaker 1: is a time to get ahead of it. We are 254 00:15:03,000 --> 00:15:06,960 Speaker 1: moving quickly, and our patience is not eternal. In addition 255 00:15:07,000 --> 00:15:10,200 Speaker 1: to the criminal charges, Bankman Freed is facing several related 256 00:15:10,280 --> 00:15:13,120 Speaker 1: civil suits from the Securities and Exchange Commission and the 257 00:15:13,160 --> 00:15:17,680 Speaker 1: Commodity Futures Trading Commission. One are the odds that other 258 00:15:17,680 --> 00:15:19,680 Speaker 1: people that may have been involved in this, and there 259 00:15:19,680 --> 00:15:21,400 Speaker 1: had to have been others involved in it, couldn't have 260 00:15:21,440 --> 00:15:23,640 Speaker 1: been done by just these three. One of the odds 261 00:15:23,600 --> 00:15:27,240 Speaker 1: that they step forward and they're like, hey, listen, FBI, Yeah, 262 00:15:27,280 --> 00:15:30,120 Speaker 1: that's my bad too. So if you want to just 263 00:15:30,160 --> 00:15:34,080 Speaker 1: cuff me, I'm good for it. That's that's fine. I 264 00:15:34,120 --> 00:15:37,720 Speaker 1: feel like they're probably lawyering up and trying to get 265 00:15:37,720 --> 00:15:40,520 Speaker 1: away with as much as they possibly can. Now, maybe 266 00:15:40,560 --> 00:15:42,600 Speaker 1: some of them their lawyers will say, Okay, listen, we're 267 00:15:42,640 --> 00:15:45,800 Speaker 1: gonna we're gonna present ourselves at the mercy of the court. 268 00:15:45,960 --> 00:15:48,120 Speaker 1: And I'm not so sure, not so sure that's going 269 00:15:48,200 --> 00:15:51,640 Speaker 1: to happen unless they have something really damning that they 270 00:15:51,680 --> 00:15:55,400 Speaker 1: can use in the prosecution against Sam Bankman freed, which 271 00:15:55,440 --> 00:15:57,960 Speaker 1: I don't think that the investigators need in this case. 272 00:15:59,160 --> 00:16:02,960 Speaker 1: The end result, though, is that we see once again 273 00:16:03,720 --> 00:16:08,280 Speaker 1: the discrepancy in the justice system. So if you and 274 00:16:08,320 --> 00:16:11,960 Speaker 1: I had done something wrong, let's say that we embezzled 275 00:16:12,160 --> 00:16:17,360 Speaker 1: fifty thousand dollars from our employer, we would likely be 276 00:16:17,480 --> 00:16:19,160 Speaker 1: held over on some sort of a bond that we 277 00:16:19,880 --> 00:16:21,480 Speaker 1: excuse me, a bail, And I want to explain that 278 00:16:21,480 --> 00:16:23,560 Speaker 1: in a moment, we'd be held over in some sort 279 00:16:23,600 --> 00:16:28,120 Speaker 1: of a bail that we couldn't possibly pay. The bail 280 00:16:28,200 --> 00:16:30,680 Speaker 1: that was set for Sam Bankman Freed was two hundred 281 00:16:30,720 --> 00:16:34,880 Speaker 1: and fifty million dollars, and the court accepted a reconnaissance 282 00:16:34,960 --> 00:16:38,240 Speaker 1: bond to the value of two hundred and fifty million dollars. 283 00:16:39,520 --> 00:16:43,360 Speaker 1: And it's been accepted and Freed is being released now. 284 00:16:43,360 --> 00:16:46,640 Speaker 1: The conditions are a little bit I don't even want 285 00:16:46,640 --> 00:16:48,600 Speaker 1: to say onerous. The conditions are that he has to 286 00:16:48,600 --> 00:16:52,200 Speaker 1: stay at his parents house, which is part of this bond, 287 00:16:52,840 --> 00:16:55,200 Speaker 1: and that he has to wear an ankle monitor because 288 00:16:55,280 --> 00:16:59,480 Speaker 1: they're concerned that he might be a flight risk. Guy 289 00:16:59,560 --> 00:17:01,640 Speaker 1: that says he only has one hundred thousand dollars is 290 00:17:01,680 --> 00:17:03,800 Speaker 1: somehow able to post a two hundred and fifty million 291 00:17:03,840 --> 00:17:08,000 Speaker 1: dollars bond. How does that happen? Now? You might be thinking, oh, 292 00:17:08,080 --> 00:17:10,800 Speaker 1: he probably just shorted all of his own investments. That's genius. 293 00:17:10,880 --> 00:17:13,560 Speaker 1: Of course, I know. I'll short sell my own stuff. 294 00:17:13,640 --> 00:17:16,080 Speaker 1: Then I'll take it, and then I'll be super rich. 295 00:17:16,960 --> 00:17:18,600 Speaker 1: You might be wondering, giving a lot Musk is doing 296 00:17:18,600 --> 00:17:22,920 Speaker 1: that to Tesla right now? Probably not the case. See, 297 00:17:22,960 --> 00:17:25,840 Speaker 1: the deal is the difference between bail and bond, and 298 00:17:27,560 --> 00:17:30,040 Speaker 1: journalists do a terrible job on this. Bail is basically 299 00:17:30,080 --> 00:17:32,560 Speaker 1: what the court sets. They say, this is your bail. 300 00:17:32,600 --> 00:17:34,679 Speaker 1: If you want to be free until trial, you have 301 00:17:34,760 --> 00:17:38,600 Speaker 1: to pay this into the court. As some money paid 302 00:17:38,600 --> 00:17:40,880 Speaker 1: to the courts is a deposit. It's basically a lean 303 00:17:41,640 --> 00:17:44,280 Speaker 1: on the promise to return for your trial. A bond 304 00:17:45,200 --> 00:17:48,840 Speaker 1: is a reduced amount on the bail deposit. It's an 305 00:17:48,840 --> 00:17:52,600 Speaker 1: assurance that's guaranteed right that if you don't show up 306 00:17:52,640 --> 00:17:57,320 Speaker 1: for your court case, then the courts will see certain 307 00:17:57,359 --> 00:17:59,760 Speaker 1: properties or finances and those will be forfeited. So what 308 00:18:00,600 --> 00:18:03,440 Speaker 1: you've heard of bail bondsman, So let's say that you 309 00:18:03,480 --> 00:18:06,760 Speaker 1: get again picked up for your embezzlement of fifty thousand dollars. 310 00:18:06,800 --> 00:18:09,960 Speaker 1: And let's say that they set the bail at twenty grand. 311 00:18:10,480 --> 00:18:12,080 Speaker 1: You might go to a bail bondsman and the bail 312 00:18:12,080 --> 00:18:15,480 Speaker 1: bondsman will charge you ten percent two thousand dollars. And 313 00:18:15,560 --> 00:18:17,679 Speaker 1: the bail bondsman will go to the court and say, listen, 314 00:18:18,440 --> 00:18:22,399 Speaker 1: I will put forward a bond, and that bond is 315 00:18:22,400 --> 00:18:24,879 Speaker 1: for twenty grand. So if this guy doesn't show up, 316 00:18:24,920 --> 00:18:27,720 Speaker 1: I'll give you the twenty grand. In the meantime, the 317 00:18:27,720 --> 00:18:30,000 Speaker 1: bail bondsman gets to pocket the ten percent the two 318 00:18:30,040 --> 00:18:33,960 Speaker 1: thousand dollars. That's his fee, his or hurt. I don't 319 00:18:33,960 --> 00:18:37,879 Speaker 1: mean to be sexist here, and that's why Dog the 320 00:18:37,920 --> 00:18:40,600 Speaker 1: bounty hunter goes out if somebody skips down, because all 321 00:18:40,640 --> 00:18:43,119 Speaker 1: of a sudden, the bondsman is out eighteen grand and 322 00:18:43,440 --> 00:18:45,919 Speaker 1: I got to recover that money, right. So the difference 323 00:18:45,920 --> 00:18:47,760 Speaker 1: between a bail and a bond Basically, bail is a 324 00:18:47,840 --> 00:18:51,560 Speaker 1: full amount paid as a deposit to the courts. A 325 00:18:51,640 --> 00:18:54,840 Speaker 1: bond is an insurance policy. So what Freed does. He 326 00:18:54,880 --> 00:18:58,320 Speaker 1: basically got this insurance policy and his parents house is 327 00:18:58,400 --> 00:19:01,000 Speaker 1: part of that insurance policy. So if he skips down, 328 00:19:01,520 --> 00:19:04,600 Speaker 1: the courts get to seize his parents house in Palo Alto, 329 00:19:05,200 --> 00:19:07,560 Speaker 1: which is probably not worth two hundred and fifty million dollars. 330 00:19:07,560 --> 00:19:09,240 Speaker 1: I don't know how they made all the numbers come together, 331 00:19:09,480 --> 00:19:12,280 Speaker 1: but the courts accepted it just the same. Not bad though, 332 00:19:12,320 --> 00:19:14,919 Speaker 1: to go from FBI custody to being house arrest in 333 00:19:14,960 --> 00:19:19,720 Speaker 1: Palo Alto. That bad Pretty solid. We'll go around town next. 334 00:19:19,800 --> 00:19:21,800 Speaker 1: Chris merril In for John and Ken calf I AM 335 00:19:21,800 --> 00:19:24,920 Speaker 1: six forty, Live Everywhere in your Eyeheart Radio. Well this 336 00:19:24,960 --> 00:19:28,119 Speaker 1: week gets Safeway. Enjoy big savings with the Bogo Sail, 337 00:19:28,359 --> 00:19:31,200 Speaker 1: where select items throughout the store are buy one, get 338 00:19:31,200 --> 00:19:34,240 Speaker 1: one free. With this week's Bogo Sail gets select meets 339 00:19:34,240 --> 00:19:37,320 Speaker 1: like Signature Farms ninety percent lean ground beef or boneless 340 00:19:37,359 --> 00:19:40,920 Speaker 1: skinless chicken breasts or thighs buy one, get one free, 341 00:19:41,080 --> 00:19:44,080 Speaker 1: plus select fresh produce items like one pound containers of 342 00:19:44,119 --> 00:19:47,440 Speaker 1: sweet strawberries or containers of blueberries are buy one, get 343 00:19:47,480 --> 00:19:50,320 Speaker 1: one free. Safe Way. Come in and explore and see 344 00:19:50,359 --> 00:19:54,880 Speaker 1: what other deals you can find. Chris Merrilyn for John 345 00:19:54,880 --> 00:19:57,840 Speaker 1: and Kenna calf I AM six forty and Blake. Help 346 00:19:57,880 --> 00:19:59,920 Speaker 1: me understand what's happening here in the way that only 347 00:20:00,119 --> 00:20:03,920 Speaker 1: you can from the Campie newsroom. I know we're looking 348 00:20:03,920 --> 00:20:06,840 Speaker 1: at that eviction moratorium which is still going on. This 349 00:20:06,880 --> 00:20:09,080 Speaker 1: has been in place for well, we're coming up on 350 00:20:09,400 --> 00:20:13,000 Speaker 1: two years here this spring, right exactly. And you know, 351 00:20:13,000 --> 00:20:15,960 Speaker 1: when you hear about extensions in the eviction moratorium, sometimes 352 00:20:16,000 --> 00:20:17,600 Speaker 1: the first I mean, at least for me, the first 353 00:20:17,600 --> 00:20:19,560 Speaker 1: thing that goes through my mind is I didn't even 354 00:20:20,000 --> 00:20:23,160 Speaker 1: realize that these were still in effect. They kind of become, 355 00:20:23,320 --> 00:20:25,160 Speaker 1: you know, out of sight, out of mind, and then 356 00:20:25,160 --> 00:20:28,000 Speaker 1: we hear about one of these extensions. So, yeah, La 357 00:20:28,080 --> 00:20:33,560 Speaker 1: County has extended it's eviction moratorium tell January thirty first 358 00:20:33,920 --> 00:20:36,480 Speaker 1: value would align the county with the city, which also 359 00:20:36,560 --> 00:20:41,840 Speaker 1: has its evictions protections in place until the end of January. Now, Chris, 360 00:20:41,920 --> 00:20:45,040 Speaker 1: this may not be the end of extensions. The county 361 00:20:45,080 --> 00:20:47,960 Speaker 1: has ordered to report on keeping the eviction moratorium through 362 00:20:48,040 --> 00:20:51,320 Speaker 1: June thirtieth. County staff are also eyeing the creation of 363 00:20:51,320 --> 00:20:55,000 Speaker 1: a five million dollar relief program. Daniel jugleson he's with 364 00:20:55,040 --> 00:20:58,640 Speaker 1: the Apartment Association of Greater La. Let's go to buy one. 365 00:20:58,680 --> 00:21:01,639 Speaker 1: He says, landlords aren't happy about this any more. Teetering 366 00:21:01,680 --> 00:21:06,000 Speaker 1: on the brink of financial disaster today in the worst cases, 367 00:21:06,440 --> 00:21:09,240 Speaker 1: some landlords haven't been able to collect the rent ode 368 00:21:09,280 --> 00:21:11,960 Speaker 1: to them for nearly two years, in some cases more 369 00:21:12,000 --> 00:21:15,360 Speaker 1: than two years. And so I hear from landlords all 370 00:21:15,359 --> 00:21:19,800 Speaker 1: the time who are today facing foreclosure. They're having challenges 371 00:21:20,240 --> 00:21:24,880 Speaker 1: being able to pay their necessary daily expenses just to 372 00:21:25,000 --> 00:21:30,280 Speaker 1: keep up their lives and support their families. Now, will 373 00:21:30,320 --> 00:21:33,439 Speaker 1: that five million dollars save the day, Let's go to 374 00:21:33,440 --> 00:21:37,280 Speaker 1: buy two? That is like spitting in the wind. Unfortunately, 375 00:21:37,720 --> 00:21:40,600 Speaker 1: there's billions of dollars that's owed. I think the latest 376 00:21:40,680 --> 00:21:44,520 Speaker 1: count in California was nearly ten billion dollars of past 377 00:21:44,520 --> 00:21:47,719 Speaker 1: two rent that was owed. And so five million dollars 378 00:21:47,840 --> 00:21:50,600 Speaker 1: is really not going to do nothing more than maybe 379 00:21:50,680 --> 00:21:53,800 Speaker 1: put a band aid on a couple of rental property owners. 380 00:21:54,280 --> 00:21:58,320 Speaker 1: The county is just doesn't know how to handle this situation, 381 00:21:58,960 --> 00:22:03,399 Speaker 1: and forcing private property owners to put up what I 382 00:22:03,440 --> 00:22:07,520 Speaker 1: call private wealth there is just completely unfair and unconstitutional. 383 00:22:07,560 --> 00:22:12,639 Speaker 1: And that's why my association continues to press its lawsuit. Wow, 384 00:22:12,680 --> 00:22:15,399 Speaker 1: that lawsuit, Chris, just so you know, it's basically on 385 00:22:15,440 --> 00:22:18,440 Speaker 1: the merits of this has just gone on too long, 386 00:22:18,680 --> 00:22:21,879 Speaker 1: that's what they're alleging in their lawsuit. They're they're looking 387 00:22:21,880 --> 00:22:24,880 Speaker 1: for a complete injunction, just have this whole thing thrown out. 388 00:22:24,880 --> 00:22:27,639 Speaker 1: They're saying, you know, it's been far too long. And 389 00:22:28,000 --> 00:22:31,320 Speaker 1: as Yugleson explains to me, some landlords are actually leaving 390 00:22:31,320 --> 00:22:37,600 Speaker 1: ownership because of this. Who's buying their places? Big corporations. Okay, 391 00:22:37,640 --> 00:22:39,640 Speaker 1: so what are the big corporations doing then? If they've 392 00:22:39,640 --> 00:22:41,880 Speaker 1: got renters that aren't leaving and they're not paying, well, 393 00:22:41,880 --> 00:22:44,520 Speaker 1: how does it benefit the big corporations? You know, well, 394 00:22:44,560 --> 00:22:47,320 Speaker 1: I think they probably have the financial means to take 395 00:22:47,359 --> 00:22:49,399 Speaker 1: it on the chin, right, unlike a small mom and 396 00:22:49,440 --> 00:22:51,439 Speaker 1: pop owner. But you know, he supplied me some of 397 00:22:51,440 --> 00:22:54,320 Speaker 1: the numbers. More than eighty he's saying more than eighty 398 00:22:54,320 --> 00:22:57,000 Speaker 1: percent of people in La County. And when you think 399 00:22:57,040 --> 00:23:00,880 Speaker 1: about this five million dollars going to mom and pop landlords, 400 00:23:00,920 --> 00:23:03,440 Speaker 1: he's saying more than eighty percent of landlords in La 401 00:23:03,520 --> 00:23:09,760 Speaker 1: County are small, independent owners. That's five million dollars for them. Now, 402 00:23:10,000 --> 00:23:13,560 Speaker 1: another update on LA's housing, this time will focus on 403 00:23:13,920 --> 00:23:17,080 Speaker 1: La City. Yesterday, Chris, you and I were speaking about 404 00:23:17,600 --> 00:23:21,400 Speaker 1: Karen Bassa's Inside Safe initiative. Of course, she launched that yesterday, 405 00:23:21,440 --> 00:23:26,560 Speaker 1: announcing the details of moving homeless people into motels while 406 00:23:26,600 --> 00:23:30,639 Speaker 1: they build affordable housing or while they masterlease hotels. And 407 00:23:30,840 --> 00:23:34,119 Speaker 1: yesterday the big question really was is the state going 408 00:23:34,200 --> 00:23:36,800 Speaker 1: to get involved? I'm sure you remember we played that 409 00:23:36,880 --> 00:23:40,440 Speaker 1: audio from the Housing chief who said, yes, the state 410 00:23:40,560 --> 00:23:42,439 Speaker 1: is going to get involved. Well, I didn't realize that 411 00:23:42,480 --> 00:23:46,920 Speaker 1: she meant less than twenty four hours. State delegation headed 412 00:23:46,960 --> 00:23:49,880 Speaker 1: to city all today. Yeah, state delegation headed to City 413 00:23:49,920 --> 00:23:52,800 Speaker 1: Hall today. These were the heads of many state departments. 414 00:23:53,359 --> 00:23:59,080 Speaker 1: Mayor Karen Bassa's were These are key departments in solving homelessness. 415 00:23:59,720 --> 00:24:01,880 Speaker 1: It was a round table type meeting. It actually took 416 00:24:01,920 --> 00:24:03,920 Speaker 1: place at the very top of City Hall. You know 417 00:24:03,920 --> 00:24:06,360 Speaker 1: when you're looking at that tower and you're going, what's 418 00:24:06,480 --> 00:24:12,800 Speaker 1: up there? These meetings? It's good too. So anyways, Lornce 419 00:24:12,880 --> 00:24:16,760 Speaker 1: Ramirez is the secretary of the Business, Consumer Services and 420 00:24:16,840 --> 00:24:19,959 Speaker 1: Housing Agency. She says the state's ready to partner up 421 00:24:19,960 --> 00:24:24,760 Speaker 1: on this. Solving housing and homelessness is an equally urgent 422 00:24:25,200 --> 00:24:29,760 Speaker 1: priority for Governor Newsom. He has been clear that solving 423 00:24:29,840 --> 00:24:34,600 Speaker 1: homelessness and increasing the supply of affordable housing requires an 424 00:24:34,640 --> 00:24:40,359 Speaker 1: all of government approach, including city and county coordination and 425 00:24:40,520 --> 00:24:45,200 Speaker 1: sustain efforts. Across every level of government. This is why 426 00:24:45,240 --> 00:24:48,520 Speaker 1: I'm so pleased to see so many leaders here from 427 00:24:48,560 --> 00:24:52,720 Speaker 1: the city, from the county, from the local continuum, from 428 00:24:52,720 --> 00:24:57,240 Speaker 1: the housing authority, all of us working together with a 429 00:24:57,280 --> 00:25:01,359 Speaker 1: sense of urgency to remove barrier to the development of 430 00:25:01,400 --> 00:25:05,879 Speaker 1: affordable housing, all of us working together to keep people house, 431 00:25:06,240 --> 00:25:09,880 Speaker 1: to rehouse people that are experiencing homelessness, and to connect 432 00:25:10,000 --> 00:25:17,920 Speaker 1: housing and human services systems together. Blah blah blah. And well, 433 00:25:17,960 --> 00:25:20,480 Speaker 1: now I guess that just leaves the federal government. And again, 434 00:25:20,520 --> 00:25:23,760 Speaker 1: this was the plan that Maycare and Bass campaigned on, 435 00:25:23,920 --> 00:25:27,960 Speaker 1: bringing you know, multiple levels of government together to try 436 00:25:28,000 --> 00:25:30,840 Speaker 1: and solve this. And as we said yesterday, it's early 437 00:25:30,880 --> 00:25:34,400 Speaker 1: in the administration. I believe today would be a day eleven, 438 00:25:35,040 --> 00:25:38,360 Speaker 1: and so we're still early in the administration. But time 439 00:25:38,400 --> 00:25:40,159 Speaker 1: will tell if if this is going to prove to 440 00:25:40,200 --> 00:25:43,880 Speaker 1: be effective. So, Blake Trolley in the Cafine newsroom, let's 441 00:25:44,080 --> 00:25:46,320 Speaker 1: let's go back to the eviction moratorium if we make 442 00:25:46,359 --> 00:25:47,880 Speaker 1: because you've got a couple of topics here, we could 443 00:25:47,880 --> 00:25:50,640 Speaker 1: do an hour and each one talk to me then 444 00:25:50,680 --> 00:25:54,480 Speaker 1: about the properties that are on the brink of being 445 00:25:54,520 --> 00:25:57,360 Speaker 1: foreclosed on or some of those rental properties that are 446 00:25:57,359 --> 00:26:00,840 Speaker 1: being foreclosed on. The landlords are taking it on the 447 00:26:00,840 --> 00:26:06,680 Speaker 1: the renters really have almost no responsibility in this case 448 00:26:06,760 --> 00:26:09,960 Speaker 1: the renters. Ultimately, what is the punishment to a renter 449 00:26:10,080 --> 00:26:13,840 Speaker 1: that they have bad credit coming out of this. One 450 00:26:13,920 --> 00:26:15,760 Speaker 1: of the things that I found out was that the 451 00:26:16,400 --> 00:26:21,119 Speaker 1: same association Daniel So the Greater the Apartment Association of 452 00:26:21,160 --> 00:26:24,320 Speaker 1: Greater LA, they filed an earlier lawsuit. I found this 453 00:26:24,400 --> 00:26:28,919 Speaker 1: to be somewhat interesting. They filed an earlier lawsuit seeking 454 00:26:28,920 --> 00:26:32,760 Speaker 1: an injunction. They said that this whole thing was unconstitutional 455 00:26:32,800 --> 00:26:35,399 Speaker 1: on a couple of bases. They said, one, the government 456 00:26:35,440 --> 00:26:38,760 Speaker 1: should not be meddling in these private contracts. They also 457 00:26:38,800 --> 00:26:42,480 Speaker 1: said it was unconstitutional because the language was vague in 458 00:26:42,640 --> 00:26:48,360 Speaker 1: how landlords could enforce this. So while you know it's unclear, 459 00:26:48,440 --> 00:26:50,840 Speaker 1: I mean, of course, you know, anytime you owe money, 460 00:26:50,840 --> 00:26:52,680 Speaker 1: as you say, yeah, your credit score will go down, 461 00:26:52,720 --> 00:26:55,080 Speaker 1: you file for bankruptcy. There's all sorts of things that 462 00:26:55,080 --> 00:26:58,760 Speaker 1: could happen in that direction. But one of the one 463 00:26:58,800 --> 00:27:01,320 Speaker 1: of the key ruling that was made on this just 464 00:27:01,359 --> 00:27:03,400 Speaker 1: a few months ago, as it was explained to me, 465 00:27:04,160 --> 00:27:07,720 Speaker 1: is that a judge ruled that the language needed to 466 00:27:07,720 --> 00:27:10,919 Speaker 1: be made clear on how landlords could enforce this. Apparently 467 00:27:11,000 --> 00:27:15,120 Speaker 1: landlords didn't know if they could actually enforce proof out 468 00:27:15,160 --> 00:27:18,439 Speaker 1: of tenants. So landlords, a tenant could say I've been 469 00:27:18,440 --> 00:27:22,160 Speaker 1: impacted by COVID nineteen. Based on the old language of 470 00:27:22,200 --> 00:27:25,359 Speaker 1: the county's eviction moratorium, landlords were unsure if they could 471 00:27:25,359 --> 00:27:29,520 Speaker 1: actually demand proof of that. So recently the language was 472 00:27:29,640 --> 00:27:33,280 Speaker 1: changed just to make sure that landlords or just to 473 00:27:33,280 --> 00:27:35,920 Speaker 1: make it clear that landlords can in fact demand proof 474 00:27:35,920 --> 00:27:40,320 Speaker 1: that somebody is being impacted by COVID nineteen. And you know, 475 00:27:40,359 --> 00:27:43,920 Speaker 1: when we talk about the extension this go around, officials 476 00:27:43,920 --> 00:27:47,360 Speaker 1: aren't just citing COVID nineteen. They're they're talking about this tripledemic. 477 00:27:47,400 --> 00:27:50,400 Speaker 1: I think we should at least talk about cause here 478 00:27:50,400 --> 00:27:54,000 Speaker 1: of why the eviction moratorium is being extended. And they're 479 00:27:54,040 --> 00:27:58,600 Speaker 1: saying COVID nineteen, the flu RSV, that's the county's position 480 00:27:58,640 --> 00:28:03,800 Speaker 1: on this. Apartment Association tells me, well, you know again 481 00:28:04,080 --> 00:28:06,439 Speaker 1: their stances that this has gone on too long. They 482 00:28:06,480 --> 00:28:08,760 Speaker 1: point to the Super Bowl. They say, we had thousands 483 00:28:08,760 --> 00:28:11,760 Speaker 1: of people come to La come to La County. There 484 00:28:11,800 --> 00:28:15,600 Speaker 1: seem to be no problem there. Yeah, And I tend 485 00:28:15,640 --> 00:28:17,080 Speaker 1: to side with them. You know, when we're in the 486 00:28:17,080 --> 00:28:19,119 Speaker 1: throes of the pandemic to start with, and we had 487 00:28:19,160 --> 00:28:22,000 Speaker 1: businesses closing left and right. We had, you know, businesses 488 00:28:22,000 --> 00:28:25,359 Speaker 1: that were shuttered because of state mandates and whatnot. You know, 489 00:28:25,400 --> 00:28:27,199 Speaker 1: there's a little different situation than what we're in right 490 00:28:27,240 --> 00:28:29,359 Speaker 1: now for sure. When we talk about proof, what kind 491 00:28:29,400 --> 00:28:31,040 Speaker 1: of proof do they need? I mean, is this you 492 00:28:31,040 --> 00:28:32,800 Speaker 1: have to show that you've been that you filed an 493 00:28:32,920 --> 00:28:35,760 Speaker 1: EDD claim of some sort, that you don't have a 494 00:28:35,880 --> 00:28:39,160 Speaker 1: job that is COVID. You know, because of COVID, that 495 00:28:39,240 --> 00:28:42,800 Speaker 1: you can't find work, that you're not receiving any sort 496 00:28:42,840 --> 00:28:46,080 Speaker 1: of benefits. It seems like there are other measures in 497 00:28:46,160 --> 00:28:49,360 Speaker 1: place to help those people who are affected by COVID. 498 00:28:50,680 --> 00:28:52,920 Speaker 1: Two years later, it seems like a long time to 499 00:28:53,000 --> 00:28:56,600 Speaker 1: keep relying on this thing from twenty twenty to say, well, 500 00:28:56,640 --> 00:28:58,520 Speaker 1: you COVID is the reason I can't pay you rent. 501 00:28:58,920 --> 00:29:01,600 Speaker 1: How are you getting grocery? I mean, what's the right 502 00:29:01,960 --> 00:29:05,520 Speaker 1: at some point, maybe you're behind on rent, that's one thing. 503 00:29:05,560 --> 00:29:07,640 Speaker 1: But people that are just not paying rent because they 504 00:29:07,680 --> 00:29:12,360 Speaker 1: can't be evicted, that's somebody who's game in the system. Well, 505 00:29:12,400 --> 00:29:14,400 Speaker 1: I think I think again, Yeah, of course, there's a 506 00:29:14,520 --> 00:29:16,880 Speaker 1: there's many different types of proof that you've been impacted 507 00:29:16,920 --> 00:29:20,400 Speaker 1: by COVID nineteen. It's it's a little surprising to me 508 00:29:20,440 --> 00:29:22,920 Speaker 1: that it took so long to demand proof that you've 509 00:29:22,920 --> 00:29:26,760 Speaker 1: been affected by COVID nineteen. UM. And you know, another thing, 510 00:29:26,960 --> 00:29:30,120 Speaker 1: another point about this extension um. One of the points 511 00:29:30,200 --> 00:29:32,040 Speaker 1: I know the motion made as well, and this was 512 00:29:32,280 --> 00:29:35,720 Speaker 1: part of this whole extending it out to June thirtieth 513 00:29:36,240 --> 00:29:40,120 Speaker 1: is um. The motion stated, well, this will give landlords 514 00:29:40,120 --> 00:29:43,920 Speaker 1: and renters an opportunity to come together and and have 515 00:29:44,040 --> 00:29:46,120 Speaker 1: a day, like, have a set day that this is 516 00:29:46,160 --> 00:29:49,560 Speaker 1: going to be over. And I have a I kind 517 00:29:49,600 --> 00:29:51,440 Speaker 1: of have a feeling a lot of landlords are at 518 00:29:51,440 --> 00:29:53,560 Speaker 1: this point are going, you know, at least based on 519 00:29:53,600 --> 00:29:56,200 Speaker 1: what's you know being told to me by this apartment association, 520 00:29:56,520 --> 00:29:58,800 Speaker 1: are probably saying, you know, we're good with just ending 521 00:29:58,840 --> 00:30:02,880 Speaker 1: it whenever. You know, we're not looking for a specific day, right. 522 00:30:02,920 --> 00:30:05,000 Speaker 1: They just want to start getting paid or they want 523 00:30:05,040 --> 00:30:06,600 Speaker 1: to you know, figure out what they're gonna do if 524 00:30:06,640 --> 00:30:09,200 Speaker 1: if a property is foreclosed on. It's what was the 525 00:30:09,520 --> 00:30:12,040 Speaker 1: term that was used by the apartment guy, that is 526 00:30:12,080 --> 00:30:15,520 Speaker 1: a private welfare. I believe if we're at that point 527 00:30:15,960 --> 00:30:18,680 Speaker 1: where somebody says, I can't make the payment on my 528 00:30:18,680 --> 00:30:21,360 Speaker 1: own investment property anymore because my renters aren't coming through. 529 00:30:21,440 --> 00:30:23,400 Speaker 1: I can't evict my renters, I can't make right with 530 00:30:23,400 --> 00:30:26,960 Speaker 1: my own business because of this moratorium. Um so the 531 00:30:27,000 --> 00:30:29,120 Speaker 1: property gets foreclosed on, and then it goes back to 532 00:30:29,160 --> 00:30:31,120 Speaker 1: what the bank? What does that do to the renters? 533 00:30:31,120 --> 00:30:32,760 Speaker 1: Then then the bank all of a sudden it's on 534 00:30:32,760 --> 00:30:34,200 Speaker 1: the hook to make sure that the renters have some 535 00:30:34,280 --> 00:30:38,800 Speaker 1: place to live. Well, yeah, I mean you could kind 536 00:30:38,800 --> 00:30:40,479 Speaker 1: of go on and on and on right with who 537 00:30:40,640 --> 00:30:42,640 Speaker 1: who the financial burden is going to fall on? And 538 00:30:42,680 --> 00:30:45,360 Speaker 1: it It sounds to me though, like the common practice 539 00:30:45,400 --> 00:30:47,719 Speaker 1: here is that corporations go in and they buy up 540 00:30:47,760 --> 00:30:51,480 Speaker 1: this they buy up this housing. And you know, another 541 00:30:51,600 --> 00:30:55,000 Speaker 1: another thing to just point out here is Yukilson tells 542 00:30:55,000 --> 00:30:58,280 Speaker 1: me a lot of these landlords, these are not career landlords. 543 00:30:58,320 --> 00:31:01,320 Speaker 1: They have other jobs. These our investments, These are side 544 00:31:01,320 --> 00:31:05,120 Speaker 1: investments to bolster their retirements and things like that. So 545 00:31:05,160 --> 00:31:07,440 Speaker 1: a lot of these people are really drawing from that 546 00:31:07,480 --> 00:31:10,560 Speaker 1: aspect of their life to stay aflow. Yeah, I get 547 00:31:10,560 --> 00:31:12,640 Speaker 1: the feeling you talk. You're talking about the corporations coming, 548 00:31:12,640 --> 00:31:14,720 Speaker 1: and I'm guessing the corporations are looking at buying these 549 00:31:14,760 --> 00:31:19,280 Speaker 1: things deeply discounted, maybe not collecting rent for the next 550 00:31:19,320 --> 00:31:21,720 Speaker 1: six months. But then then all of a sudden, they've 551 00:31:21,760 --> 00:31:24,280 Speaker 1: got the equity. As soon as the moratorium is over, 552 00:31:24,320 --> 00:31:26,200 Speaker 1: the evict the tenants, and suddenly they've got equity in 553 00:31:26,240 --> 00:31:27,840 Speaker 1: a home that they can sell for double or triple 554 00:31:27,880 --> 00:31:30,640 Speaker 1: what they paid for it, uh, you know, right about now, 555 00:31:30,920 --> 00:31:34,200 Speaker 1: or renovate or renovate. Ukoston was saying that a lot 556 00:31:34,240 --> 00:31:36,120 Speaker 1: of them, Yukoson was telling me, a lot of them 557 00:31:36,200 --> 00:31:38,600 Speaker 1: end up buying these They buy these buildings, and then 558 00:31:38,640 --> 00:31:40,960 Speaker 1: he said, this is actually, you know, hurting affordable housing 559 00:31:41,000 --> 00:31:43,520 Speaker 1: in the sense that these corporations buy up these buildings 560 00:31:43,880 --> 00:31:46,400 Speaker 1: and then they knock them over and renovate them into 561 00:31:46,440 --> 00:31:50,440 Speaker 1: something much more exquisite. So yeah, that's a that's another 562 00:31:50,480 --> 00:31:54,920 Speaker 1: whole other element of this. As as for the apartment association, 563 00:31:55,760 --> 00:31:57,680 Speaker 1: that is frustrating. I certainly hope that we come to 564 00:31:57,720 --> 00:31:59,200 Speaker 1: some sort of an agreement. I don't want to seem 565 00:31:59,440 --> 00:32:02,120 Speaker 1: unsympathetic to the people that are finding hardships, but I 566 00:32:02,120 --> 00:32:04,680 Speaker 1: believe that the number of people who are still suffering 567 00:32:04,680 --> 00:32:07,920 Speaker 1: those same hardships is not significant enough to keep running 568 00:32:07,960 --> 00:32:10,080 Speaker 1: up bill up it. Would you say ten billion dollars? 569 00:32:10,120 --> 00:32:13,360 Speaker 1: That was well beyond number. Yeah, and I should I 570 00:32:13,360 --> 00:32:15,480 Speaker 1: should point out that was a state number. But as 571 00:32:15,480 --> 00:32:19,480 Speaker 1: he says, more than eighty percent of landlords in La County, 572 00:32:19,480 --> 00:32:21,920 Speaker 1: if that's true, he's saying more than eighty percent of 573 00:32:21,920 --> 00:32:24,600 Speaker 1: them are are small independent owners that are that are 574 00:32:24,840 --> 00:32:27,200 Speaker 1: taken this one. Yeah, and I buy it too. I 575 00:32:27,240 --> 00:32:29,040 Speaker 1: believe it. I mean, we've always been told real estate 576 00:32:29,040 --> 00:32:31,400 Speaker 1: as a safe investment and now we're finding out Nope, 577 00:32:31,520 --> 00:32:35,040 Speaker 1: not not the case. Blake. Always great reporting. Thank you 578 00:32:35,080 --> 00:32:36,680 Speaker 1: so much, Blake Troley out of the Kfine news room. 579 00:32:36,720 --> 00:32:38,040 Speaker 1: Always good to hear from you, my friend, have a 580 00:32:38,160 --> 00:32:40,680 Speaker 1: have a very merry Christmas, happy holiday, happy New Year, 581 00:32:40,720 --> 00:32:43,400 Speaker 1: and everything else that goes with it, my friend. All right, 582 00:32:43,400 --> 00:32:48,600 Speaker 1: thanks Christy, take care pop. While the moratorium may go on, 583 00:32:48,800 --> 00:32:52,640 Speaker 1: there is one institution in Los Angeles that is coming 584 00:32:52,680 --> 00:32:55,960 Speaker 1: to an end, never to be seen again. Something you 585 00:32:56,000 --> 00:32:59,040 Speaker 1: may have even shared with your grandparents. Say what that is? Next, 586 00:32:59,040 --> 00:33:00,960 Speaker 1: it's Chris, marylynm In John and km K IF I 587 00:33:01,040 --> 00:33:03,480 Speaker 1: am six forty live everywhere in your eye heart radio 588 00:33:03,480 --> 00:33:06,720 Speaker 1: app pay Mark. You were talking about that Mega Millions, Jackpott. 589 00:33:06,760 --> 00:33:09,560 Speaker 1: I just bought my ticket today because I thought, man, 590 00:33:09,680 --> 00:33:11,640 Speaker 1: Mega millions up to half a billion dollars and we're 591 00:33:11,680 --> 00:33:14,680 Speaker 1: barely talking about it right now. Yeah, billion, two hundred 592 00:33:14,680 --> 00:33:18,320 Speaker 1: and seventy million if you take the cash option, man, 593 00:33:18,800 --> 00:33:20,640 Speaker 1: I just pulled it up. I went to a lottery 594 00:33:20,960 --> 00:33:24,200 Speaker 1: USA dot com and they do all the math for 595 00:33:24,280 --> 00:33:25,920 Speaker 1: you on the taxes. Now, California is one of the 596 00:33:25,920 --> 00:33:30,360 Speaker 1: states as zero on the taxes if you win the lottery. 597 00:33:30,560 --> 00:33:37,520 Speaker 1: Most states have some tax but California, Florida, Delaware zero, you, 598 00:33:37,640 --> 00:33:40,240 Speaker 1: Hampshire if you if you win the lottery, they don't 599 00:33:40,280 --> 00:33:44,520 Speaker 1: hit your South Dakota, Tennessee, Texas, similar, Wyoming, similar. So 600 00:33:44,680 --> 00:33:46,640 Speaker 1: you're not gonna get hit with an additional state tax 601 00:33:46,720 --> 00:33:50,360 Speaker 1: on that. But if you do the cash lump some option, 602 00:33:51,040 --> 00:33:53,960 Speaker 1: as you said, two hundred and seventy which is a 603 00:33:54,040 --> 00:33:55,640 Speaker 1: it's a little high based on what Mega Millions has 604 00:33:55,640 --> 00:33:58,240 Speaker 1: shown us right now, but not too much. Basically, you 605 00:33:58,320 --> 00:34:00,880 Speaker 1: still have to pay your federal tax is at twenty 606 00:34:00,880 --> 00:34:04,200 Speaker 1: four percent. So the way it pans out, if you 607 00:34:04,240 --> 00:34:06,800 Speaker 1: win the Mega Millions jackpot, which is five hundred ten 608 00:34:07,120 --> 00:34:11,000 Speaker 1: million dollars right now, half a billion. Then by the 609 00:34:11,080 --> 00:34:15,200 Speaker 1: time you're done taking your cash lump sum and paying 610 00:34:15,200 --> 00:34:21,560 Speaker 1: your taxes, you will collect two hundred two million. So 611 00:34:22,640 --> 00:34:26,000 Speaker 1: you're only collecting about forty percent. That's nearly enough to 612 00:34:26,040 --> 00:34:29,600 Speaker 1: buy a modest house in LA That is not enough 613 00:34:29,960 --> 00:34:33,560 Speaker 1: to pay the bail for Sam Bankman free. And yet 614 00:34:33,640 --> 00:34:36,720 Speaker 1: that guy is chilling in Palo Alto at his parents' mansion. 615 00:34:38,400 --> 00:34:41,680 Speaker 1: Not bad, not bad. I suppose could you get buy 616 00:34:41,680 --> 00:34:43,520 Speaker 1: in two hunder two million. I suppose we could. But 617 00:34:43,520 --> 00:34:45,279 Speaker 1: it is a bit of a downer. When somebody's like, oh, 618 00:34:45,320 --> 00:34:47,960 Speaker 1: I want half a billion dollars, They're like, oh my gosh, 619 00:34:47,960 --> 00:34:49,600 Speaker 1: you have half a billion dollars. Oh no, I have 620 00:34:49,680 --> 00:34:52,279 Speaker 1: less than a quarter million because of taxes. And that's 621 00:34:52,280 --> 00:34:54,480 Speaker 1: in a state that's tax friendly. If we were to 622 00:34:54,520 --> 00:34:58,240 Speaker 1: go to New York, where they charge you ten percent tax, 623 00:34:59,080 --> 00:35:00,719 Speaker 1: hold on, I gonna pull up, Yeah, New Year, it's 624 00:35:00,719 --> 00:35:03,720 Speaker 1: almost eleven percent tax. If you win the five hundred 625 00:35:03,800 --> 00:35:06,880 Speaker 1: ten million dollars Mega Millions jackpot and you bought your 626 00:35:06,880 --> 00:35:10,200 Speaker 1: ticket in New York, you're gonna collect one hundred seventy 627 00:35:10,280 --> 00:35:15,200 Speaker 1: three million, one hundred and seventy four million. Who I know, 628 00:35:15,360 --> 00:35:18,479 Speaker 1: but it does seem like, wait a minute, Eric's please 629 00:35:18,520 --> 00:35:21,480 Speaker 1: identify yourself as the originator of the boohoo so he 630 00:35:21,520 --> 00:35:27,719 Speaker 1: doesn't leading away. But you know, that's really incongruous about California, 631 00:35:27,800 --> 00:35:30,840 Speaker 1: bearing in mind how much they absolutely hoses for taxes 632 00:35:30,840 --> 00:35:34,160 Speaker 1: in every other respect. I mean, I'm also a freelance writer, 633 00:35:34,280 --> 00:35:37,280 Speaker 1: and boy, oh boy, did they nail you on taxes 634 00:35:37,320 --> 00:35:41,160 Speaker 1: for that. Self employed is the worst to be in California. Yeah, 635 00:35:41,160 --> 00:35:44,359 Speaker 1: Oh my goodness. My wife's got a business that you know, 636 00:35:44,760 --> 00:35:48,360 Speaker 1: being in California, but her business is registered in Arizona. 637 00:35:48,360 --> 00:35:50,279 Speaker 1: You'd think that would make a difference. Oh, California is like, 638 00:35:50,320 --> 00:35:52,279 Speaker 1: oh no, we're still gonna hit the hell Audia, even 639 00:35:52,320 --> 00:35:54,160 Speaker 1: though your business isn't even done here. We're gonna hit 640 00:35:54,200 --> 00:35:59,920 Speaker 1: the hell Audia. It's terrible. It is brutal. Oh boys, 641 00:36:00,120 --> 00:36:02,440 Speaker 1: sad times there you see that the pony rides are 642 00:36:02,440 --> 00:36:05,600 Speaker 1: gone from Griffith Park. This made me a little bit sad. 643 00:36:05,800 --> 00:36:07,560 Speaker 1: Let's just play a little bit of that clip from 644 00:36:07,560 --> 00:36:10,120 Speaker 1: ABC seven there on the last day of operation of 645 00:36:10,160 --> 00:36:12,600 Speaker 1: the iconic pony Rides and Petting Zoo at Griffith Park. 646 00:36:12,760 --> 00:36:15,680 Speaker 1: A confrontation took place. It was animal rights out of 647 00:36:15,680 --> 00:36:18,520 Speaker 1: the kids versus those in favor of keeping the place open. 648 00:36:18,800 --> 00:36:21,120 Speaker 1: There was tugging of each other's signs, and park rangers 649 00:36:21,160 --> 00:36:23,759 Speaker 1: showed up to keep things peaceful. The pony rights have 650 00:36:23,920 --> 00:36:27,520 Speaker 1: been in the dates back to nineteen forty eight, and 651 00:36:27,640 --> 00:36:30,000 Speaker 1: it's now coming to an end. For some parents. They 652 00:36:30,040 --> 00:36:32,320 Speaker 1: came when they were kids, and now it's them bringing 653 00:36:32,360 --> 00:36:35,080 Speaker 1: their kids to ride the ponies. One lost time, the 654 00:36:35,160 --> 00:36:38,760 Speaker 1: wait time, Chris four, that's us. So the pony rides 655 00:36:38,760 --> 00:36:40,160 Speaker 1: are going away. And a lot of this has to 656 00:36:40,160 --> 00:36:42,480 Speaker 1: do with the protesters who said that the ponies were 657 00:36:42,480 --> 00:36:44,920 Speaker 1: being mistreated, and it was you know, they say, this 658 00:36:45,000 --> 00:36:47,040 Speaker 1: is not Look, I don't want to see anybody's animals 659 00:36:47,040 --> 00:36:49,279 Speaker 1: being mistreated, right, But at the same time, if the 660 00:36:49,280 --> 00:36:53,600 Speaker 1: animals aren't being mistreated, they're ponies. I know, they're Mani ponies, 661 00:36:53,640 --> 00:36:56,279 Speaker 1: but they're they're also giving rides to many humans too, right, 662 00:36:56,320 --> 00:36:58,799 Speaker 1: So it's not like we're putting my fat ass on 663 00:36:58,840 --> 00:37:00,920 Speaker 1: top of one of those Shetland Poe ponies and trotting 664 00:37:00,960 --> 00:37:05,319 Speaker 1: around in a circle. So I gotta tell you, I'm 665 00:37:05,360 --> 00:37:08,719 Speaker 1: sorry to see this go. I am if that means 666 00:37:08,719 --> 00:37:11,000 Speaker 1: that we got to have somebody come in and take 667 00:37:11,000 --> 00:37:12,400 Speaker 1: a look and see how things are treated, to make 668 00:37:12,440 --> 00:37:14,279 Speaker 1: sure that the owner is on the up and up 669 00:37:14,400 --> 00:37:16,400 Speaker 1: by the owner. By the way, the owner did interviewed 670 00:37:16,400 --> 00:37:18,160 Speaker 1: with ABC seven two and he says, listen, the only 671 00:37:18,200 --> 00:37:21,359 Speaker 1: complaints that came in were from protesters and the vets 672 00:37:21,400 --> 00:37:23,200 Speaker 1: that they had said that the ponies were fine just 673 00:37:23,280 --> 00:37:27,160 Speaker 1: the same. It was enough breuhaha in southern California to 674 00:37:27,200 --> 00:37:30,080 Speaker 1: have somebody in the political process say, oh, we just 675 00:37:30,160 --> 00:37:34,000 Speaker 1: can't do that anymore. And now it's gone operated since 676 00:37:34,000 --> 00:37:37,839 Speaker 1: the late nineteen forties. Think about this. You may have 677 00:37:37,880 --> 00:37:41,480 Speaker 1: somebody who was a child that enjoyed those pony rides 678 00:37:42,080 --> 00:37:44,759 Speaker 1: before the Korean War. You may have a kid that 679 00:37:44,920 --> 00:37:48,920 Speaker 1: was born right after the end of World War Two 680 00:37:49,400 --> 00:37:51,640 Speaker 1: that enjoyed those pony rides and then took their great 681 00:37:51,719 --> 00:37:54,799 Speaker 1: grand kids to ride the ponies. And the whole thing 682 00:37:54,920 --> 00:37:58,239 Speaker 1: ends because the protesters successfully convinced Ela to ditch the 683 00:37:58,239 --> 00:38:00,440 Speaker 1: pony rides. I have to ask you, I'm since I'm 684 00:38:00,480 --> 00:38:03,239 Speaker 1: not from here, did they strike you as cruel to 685 00:38:03,280 --> 00:38:07,719 Speaker 1: the animals everything I've seen? No, I mean, I didn't 686 00:38:07,760 --> 00:38:10,719 Speaker 1: grow up in southern California, either as someone who rode 687 00:38:10,760 --> 00:38:14,640 Speaker 1: them as kids. I didn't see them ever mistreated, right, 688 00:38:15,120 --> 00:38:17,640 Speaker 1: I mean, I've seen pony rides in other places where 689 00:38:17,640 --> 00:38:19,239 Speaker 1: I grew up. Mark, maybe you have the same thing. 690 00:38:19,239 --> 00:38:21,359 Speaker 1: It's like, you know, the traveling carnival would come through 691 00:38:21,400 --> 00:38:22,920 Speaker 1: and some of those would have petting zoos, and they 692 00:38:22,960 --> 00:38:24,480 Speaker 1: might have the pony rides and things like that, And 693 00:38:24,480 --> 00:38:26,120 Speaker 1: I gotta tell you that life seemed a lot harder 694 00:38:26,160 --> 00:38:30,719 Speaker 1: than the ones who were permanent at Griffith Park. So no, thanks, Eric, 695 00:38:30,719 --> 00:38:34,160 Speaker 1: I appreciate you backing us on this. It didn't strike 696 00:38:34,200 --> 00:38:36,400 Speaker 1: me as being awful, not at all. But I think 697 00:38:36,440 --> 00:38:38,680 Speaker 1: this sort of follows the whole elephants in the circus 698 00:38:38,719 --> 00:38:41,360 Speaker 1: type thing like, oh, it's terrible. You can't have animals 699 00:38:41,360 --> 00:38:46,080 Speaker 1: doing animal things. Yeah, they're animals. No, we're not prodding them, 700 00:38:46,360 --> 00:38:50,799 Speaker 1: we're not having bull fights, we're not bear baiting. Which 701 00:38:50,800 --> 00:38:55,120 Speaker 1: is it's ponies carrying kids. It's not cruel, nor is 702 00:38:55,120 --> 00:38:59,279 Speaker 1: it unusual. They're ponies. It's what they do. All right. 703 00:38:59,280 --> 00:39:01,360 Speaker 1: We'll talk about this holiday travel mess and it is 704 00:39:01,400 --> 00:39:04,360 Speaker 1: a disaster nationwide. Next. Chris Merrill in for John and 705 00:39:04,400 --> 00:39:06,400 Speaker 1: Ken kf I am six forty We're live everywhere, in 706 00:39:06,400 --> 00:39:07,319 Speaker 1: your Eyeheart Radio app