In this no-punches-pulled edition of The Macro Show, Hedgeye CEO Keith McCullough explains what the FTX debacle confirmed for him regarding conflicts on Old Wall Street and its media. Many on Wall Street held FTX and its disgraced CEO Sam Bankman-Fried on a pedestal, while the Mainstream Media ignored big red flags – because they didn’t want to lose access and ad dollars.
“I am fired up this morning because I care about this,” said McCullough.
“What [FTX] confirmed for me is what Old Wall 2.0 has turned into: Conflicted, Corrupted and Colluding,” McCullough continues. “In the media, I’m talking about Real Vision, CNBC and Kevin O’Leary. This should make you angry and make you act.”
