Topic: Eric Rosengren

The segment details the resignation of Fed presidents Robert Kaplan and Eric Rosengren following an insider trading scandal. The host argues that the U.S. government is a "crime syndicate" and laments the loss of local hardware and grocery stores to corporate chains.

Boston Fed President Eric Rosengren announces his early retirement following revelations of his individual stock trading in 2020. Meanwhile, corporate buyout lending has soared to nearly $120 billion, fueled by cheap money from the Federal Reserve. This "buyout boom" is described as a mechanism for private equity firms to consolidate wealth while the middle class faces declining income.