Online t is the tomorrow gachi of currency. laughter that reminded me, i should feed mine. I got him laughter jon 12 years ago so hes 12 i wonder how hes doing, that no oh are those digital maggots . He was my best friend for the 15 seconds i played with him. But is the world really ready for unpocketable money . I believe it is a game changer. I think bitcoin is as big as the internet. I see it as the new gold, gold of the future. Jon gold, you say i suppose its only a matter of time before survivalists begin to h had oard bitcoin. And rappers unveil bitcoin grills. laughter and then of course, ten years after that, madonna gets one too. Well, i dont see what could go wrong. Nothings more reliable and secure than the internet. Today one of the biggest bitcoin exchanges called mount gox based in tokyo went bust after it was revealed that hundreds of millions of dollars worth of bitcoins were missing. Jon missing . Oh, you know what you have to do here is your problem, at the bottom of the screen is the little trash can, you know that little trashan down tre you got to chk in the mbeouould yo kw at dyo ll inthe,haio someme inpg pg itacinor won y yhacoro tonol tmoy. Aute anbyheay wat imot xotrth t pcen i aonoxx ex t ardas acfopeleora gicas. lgh wa, wait,ait. A place to trade magic cards, didmy basement. Does that mean my base suect now curncy exchange . How did this happen . Its not likeoney that doesnt ally est can just disappear, right. We think thve been fooled here. I think there is a pretty strong likelihood of that i think a lot of us suspected that for quite some time. The fact that theyre not talking very openly about what is going on, they dleeted all their tweets from their twitter account. Jon they deleted the tweets, that will solve it i think Anthony Weiner tried that route as well. Good luck with that strategy. I bet the money resurfaces somewhere under the name carlos denairo. Listen bitcoin exchange, you have a lot to learn. You cant do braz enfraud in one fell swoop. The institutionalized and normalize systemic fraud which brings to us our new segment, show me the money so i can take it and put in a place where you can no longer get it. Check out our professionally corrupt Financial Institution does business. Banking giant Credit Suisse helped thousands of wealthy americans hide billions of dollars from the irs overseas. A wealthy customer hiding a quarter Million Dollars in panty hose wrapped around her body. Jon [bleep] swiss, let me tell you something. A decent country at a minimum would make these tax dodgers at least smug tell in their asses. Make them earn that tax exempt status. At the very least make them swallow a condom full of nickels. By the way, worst sequel to fistful of dollars ever. Because you see mount gox your bitcoin fraud means will you spend your days hunted down by every international hightech Law Enforcement agency known to main. Meanwhile if you would have institutionalized your corruption this would be the penalty. Credit suisse a Management Team regrets very deeply that despite the industryleading compliance measures we put in place, we had some swissbased private bankers who appear to have violated u. S. Law. Jon it turns out you did not want this money hid ren from your tax laws. laughter so sorry. laughter i have brought you multicoloured swatches. laughter swatch for you, swatch for you. So were good now. laughter i once you get in and make yourself a cornerstone in financial marketplace there is no limit to what you may accomplish perpetrate. First of all, how did Goldman Sacks come to own uranium . laughter jon go on. Goldman itself actually came into the uranium market just in 2009. It bought a wider trading desk which happened to own this Company Called newscorp. International, sitting on approximately two and a half thousand tons of yellow cake at this time. Jon oh my god Goldman Sachs is going to have a Nuclear Weapon before iran laughter heres how bad ass goldman is now. Just the thought of them can topple a government. The Danish CenterLeft Coalition in power since 2011 has been plunged into its deepest political crisis by the investment from goldman Goldman Sachs. Jon all they had to do was invest money in the country and the whole country is [bleep] were leaving. What did goldman invest in over there. Protestors are angry about goldmans 1. 5 billion investment in stateowned utility dong energy. laughter jon dong energy, huh . I think they sell that at a bodaga near my house. laughter supposedly made from real giraffe balls but i dont know, its unregulated. Not that i didnt get results with it but its hardly worth 1. 5 billion investment, unless im somehow misinterpreting everything about the corporation dong energy because of the relatively juvenile attachment to the word dong. laughter but you know what, look how the Danish People took to the streets. You know youve made it as a corporation when the majority of the country is willing to brave subzero temperatures to keep you out of its country when you havent even done anything yet. Are you there yet, bitcoin . Oh, there you go. Thats yeah. Well, thats the start of a protest. Are you sure that process isnt based on magic of the tiny gathering . laughter baby step, bitcoin, well be right back. Right back. c [ male announcer ] when you switch to sprints new framily plan, friends are like family, so whos gonna be in yours . How about a few facebook friends . [ male announcer ] but the more people you add, the lower the rate. Then add my work group. [ male announcer ] add up to 10 people, and everyone gets unlimited talk, text and one gig of data for as low as 25 a month each. Great who else you got . Hi, mom hi, honey i brought rubina. Hi, rubina uh, are the bills separate . [ male announcer ] all the bills are separate. Oh, hi, my love. Hi [ laughs ] [ male announcer ] the framily plan from sprint, with a new price, new plan, and an all new network. Visit a sprint store today. And an all new network. An entirely new menu created with your busy schedule in mind. Pronto lunch starting at 6. 99. Handmade italian sandwiches, flatbreads, and our signature soup and salad. Starting at 6. 99. And all served pronto at olive garden. You guys ever try one of these bars made over at right twix . Why . Our special cookie is cascaded with caramel and cloaked in chocolate. You never wondered . [ whoosh zap ] [ glass breaks ] aah [ male announcer ] try both. Pick a side. Twix. Jon welcome back to the show, now. In 2012 the Supreme Court ruled that the Affordable Care act did not destroy the country or the constitution. But the court did allow states to opt out of the medicaid expax. Now to the citizens that turned down that federal money feel now, i bet they feel good, al madrigal reports on obamacare was designed to do more than just eliminate jobs. It also gives states the option of tacking federal funds to expand medicaid for their working poor. Luckily 19 states were smart enough to. I, leaving just a few Million People without coverage. Ashley landis of the South Carolina policy council explains why it was the right call for her state. First of all, the cost of medicaids are going to skyrocket. Its not a question of whether this is a great plan, even if it were, we cant afford it. Its eventually going to cost how much. The idea is that the federal government will fund 100 . So zero dollars, you guys cant afford zero dollars. 17 trillion dollars in debt at the federal level. And even if we stop thinking about the pun for a minute, does any plan that starts with my congressman had a great idea ever turn out to be a great idea . You mean like civil rights . Okay. Clean air, clean water. Thats Medicaid Expansion advocate dr. Harry heiman obviously struggling with the question. Federal highway system. Okay,. Immunizations. Name one more. Expanding medicaidance aha aha , not good. Expanding access to Quality Health care is to the good. Mammograms, colonoscopy, pap smear, not good. Okay, okay, so even if this Medicaid Expansion could save peoples lives we cant afford it, the Congressional Budget Office looked at the cost of obamacare over ten years, and showed that it would reduce the federal deficit,. And you trust the Congressional Budget Office to estimate the budget of congress . And hes not the only one who drank the cool aid n states that have rejected it the majority of citizens foolishly want the expansion. Ashley landis explains. I understand that we are not delivering the most popular message here. But certainly low income families who are really struggling are going to be hardpressed to understand all of the nuances. Theyre just so busy being needy they dont knows whats going on. I decided to talk to these misguided medicaid want a haves who are hopelessly hoping for help. I have environmentally induced asthma and dont have a way to get test. My wife has disk disorder. I know you feel like you want medicaid but Medicaid Expansion hasnt been approved in your state. And its a good thing. Its better for america. That seems like the most ridiculous thing to say. How is it better for america, for people who have treatable conditions to become permanently crippled . We cant afford it. And your wife cant she just sit. And take it easy,. Its hard not to seem like a total [bleep] when youre saying this stuff to people. When this guy has asthma, hes all you know, its hard to argue that. I think they can probably get treatment for his asthma. Probably okay,. I dont remember the specific situation but i do know that doctors dont turn away patients in need. Az pa guy, i just checked. You can probably get treatment. Okay . Youre good. I tried the walkin clinic. It doesnt work. So instead i have been in the emergency room 7 times in the last two years who picks up that bill. Youre asking me to live my life in the emergency room. The problem is, its hard to talk about this stuff with the real people that actually affected by it. Luckily, i had an idea. Way better. Way better. Its easier to pretend what they are saying doesnt affect real people. Exactly, smiley face, you hit it. But we are, were real people. I was talking to smiley face. Theyre taking an idea logical stand at our expense. All right, no kidding no one would ever say that. Problem solved. So bravo texas tennessee florida, on all the others who stood up to the 5 million working poor desperate desperate for help. But just in case ever have doubts, this is for you. Hi, im al madrigal, Medicaid Expansion say horrible idea. I would love to have treatment for my asthma but i know that theres more at stake. Im to the going to say that. Rejecting Medicaid Expansion is good for all of us. But its not. Okay. Well, actually america can afford. Okay. I want you to just say what i [bleep] tell you to. You want to be in this or not. We have to keep washington out of health care. I want washington in my health care. Hi. I would like to have treatment for my wifes degenerative bone disorder thing but i realize that its more at stake. [bleep] laughter theres a new leader in network speed. Tmobile. An entirely new menu created with your busy schedule in mind. Pronto lunch starting at 6. 99. Handmade italian sandwiches, flatbreads, and our signature soup and salad. Starting at 6. 99. And all served pronto at olive garden. cheers and applause welcome back, pie guest tonight, a business and Technology Writer for new york magazine, his new book is called young money, inside the hidden world of wall streets post crash recruit, kevin roose. Kevin applause jon a fine book, young money there you should get that its a fine book. You know, i think everybody expects wolf of wall street to some extent. The excess, the queludes. The excess of qua lewds. Right. You followed eight young recruits. And i have to say, its more like the sad eyed lambs of wall street. They really seem like they are being not taken to, you know they seem sad. Well, theyre very well paid so obviously, but i think before the crash in 2008 people sort of expected like champagne an calfier when they got to wall street, instead these guys got like excel spreadsheets an carpal tunnel. Is it because because you know, the people that you follow, do you think you followed them and they spoke to you because they are more selfreflective and so the group is maybe not as representational, or that this really is something that is occurring now down there . Well, i think its some of both. I think obviously people who talk to a reporter, all these banks have rules against people talking to the press. So anyone talking to me was putting themselves at risk of getting fired. So in some ways you have to be a little bit disgruntled or just sort of dumb to talk to a reporter. But i think laughter were going go with disgruntled, how about that, lets go with disgruntled. All lovely people. And i think whats shocking for me is that i interviewed them this is not at all what they expected. They were very depressed, working these insane hours and i dont think it measured up to any of their expectations. What do you think did they expect, so, was it a moral and ethical quandtry . Or just it didnt fit up to the gatsbiesque dream of them being a master of the universe. I think a little bit of both. Some were ground down by the 100 hour weeks. Jon a hundred hours. A hundred hours that is a lot of hours. Jon tremendous. I put in hours laughter so they work very hard and their lives are very unpredictable. But i also think there is a sense in which the crash sort of changed what it meant to work on wall street as a young person. This used to be the sexiest thing you could do. And thats why for so many years, you know, a third of students from Ivy League Colleges would go work on wall street. And what were seeing now is that that is no longer the case. More and more people are interested in going to Silicon Valley and fewer are interested in going to Goldman Sachs. Jon right. And it didnt seem like extraordinary abuse or extraordinary doke dense, the story os of the long hours, one gentleman writes he had to work, i dont know, five days straight, like he couldnt ever leave an at one point at 2 a. M. He broke and yelled at someone. And im like i done know, that happens here after like four hours. Right n some ways its hard to feel sorry for people who are making this much money out of college. But midway through the book as i was shadowing these eight people i sort of realized i wouldnt switch lives with them. Theyre miserable and it really takes a toll. I think also changes them. Wall street in some ways is like joining a new religion. You have to learn entire new ways to act, talk, dress, think, an over the course of the three years they sort of morph. Jon and obviously the circumcision doesnt help. Theres an incredibly interesting chapter where you stumble upon and you attend this incredible dinner called, its not phi beta capa, its a play on that. And it is all the kings of wall street in this very private affair, basically making fun of all those that they have destroyed during their career. Its a bizarre event. Its called the Kappa Beta Phi an 80yearold wall street secret society. Its made up of former heads much aig, Goldman Sachs, city group, anyone who is anyone on wall street is involved in this thing. They have an annual din wrer they take a bunch of neofeiths as the induckees are called, and mick them dress up in drag, perform skits and musical numbers. And a lot of those skits and musical numbers have to do with making jokes about the bailouts there was one song that they did that was a parody of abbas Dancing Queen that was called bailout king. Jon bailout king. And they all kind of dance around, everyone lost their like that kind of thing. Exactly. I felt like i was witnessing like the i lum nationali, it was like. Jon the induction ceremony to opus dei and when they found out you it is a chilling home. What are you doing, observing our ritual. They grabbed my labels. There were attempts to bribe me to not, to get me to not write the story. No one has ever been inside this thing from the outside. And so i think they were just terrified that someone had seen what they do behind closed doors. Jon and they have no sense that, well, they must know then that it would be perceived negatively. Because as soon as they saw you they are like well, they tried they tried to say you know, were just a bunch of friends having fun. There is nothing to see her it and but i think they knew. I mean this was in 2012, this was right after the occupy wall street movement. Keeping a low profile and this was the event where they let it all hang out. Jon its an incredible look at a group that the recruits feel depressed and the people without did it all still dont feel chastised. Stick around for just a little bit for that. Sure. Jon young money on the book shelves now, kevin roose. Well talk a little bit more when we come back. applaus how do they pack so much juiciness into these starburst minis . They built a factory in miniminneapolis. Theyre experts at shrinking regular starburst. Everythings mini there. Wait, what . [ beeping, whirring ] [ female announcer ] starburst minis. Unexplainably juicy. The big bang of light beers. The one that started it all. 96 of the hardest working calories in the business. And for a limited time, miller lite is back in the original light can. Im saving a ton of time by posting them to my wall. Oh, i like that one. Its so quick its just like my car insurance. I saved 15 in just 15 minutes. I saved more than that in half the time. I unfriend you. Thats not how it works. Thats not how any of this works. [ male announcer ] 15 minutes for a quote isnt how it works anymore. With esurance, 7 1 2 minutes could save you on car insurance. Welcome to the modern world. Esurance. Backed by allstate. Click or call. Welcome to the modern world. Land speed record nine times. What was he chasing . What are you chasing . You get 4 lines onw at ts network. Ilies including unlimited talk unlimited text. And 10 gigs of data to share. 10 gigs . 10 gigs. All for 160 dollars a month. You know, i think our family really needed this. Its really gonna bring us closer together. Yep. Yep. Yep. Yep. Yep. Yep. Introducing our bestever family pricing for instance, a family of ur gets 10 gigs of data with unlimited talk and text for 160 dollars a month. Only from at t. Jon thats our show, here it is, the moment of zen. Its so out there Science Fiction but some people really believe in it. This has been a real knock on the bitcoin bulls this week. I still dont understand i still dont understand it but i know its two. Two, three. applause and cheering dramatic music plays silence, puny audience and welcome to. Who dares to be a millionaire . Tremble before morbos mighty likeability, as i chitchat with our first contestant, philip j. Fry. applause and cheering dramatic music plays raucous shouting give him hell, morbo