Government Shutdowns and Financial Scandals | Weekly Business Briefs w/ Martin Perdomo
What happens to small businesses when the US government shuts down? From sky-high loan interest rates to severe disruptions in federal contracting, we tackle the harsh realities that American businesses face in the event of such a crisis. We lay it bare, showing you how small businesses nationwide stand to lose more than a hundred million dollars in financing every single day of the shutdown. The impact on the federal workforce and local economy is equally daunting, casting a grim shadow on the financial landscape.
Our discussion doesn’t stop there. We also uncover the ongoing Sam Bankman Freed fraud case that has sent shockwaves through the business world. As we navigate the allegations against Freed, we dive into the aftermath of his actions, revealing how this has led to a mass exodus of investors and a significant plunge in the value of FTX’s proprietary cryptocurrency token. As a palate cleanser, we wrap things up with a lighter note – the Federal Reserve’s surprising foray into the world of Instagram. Unearth why even the most traditional institutions now feel the urge to engage on these platforms. We encourage you to join us and participate in this important and timely conversation.
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