Jason Hartman talks with Norm Champ, a partner in the New York office of Kirkland & Ellis LLP about preventing the next crisis. Find out some helpful financial tips from the author of Mastering Money: How to Beat Debt, and Be Prepared for Any Financial Crisis. As the former director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), Norm’s experience and viewpoint has many valuable lessons. 

Key Takeaways:

[2:05] Where is the next financial crisis going to come from?

[5:00] The home in which you live, is not necessarily something that needs to be owned

[11:00] Renting vs owning, taking care of the property is one of the major benefits to seeing ownership

[15:00] Understanding affinity fraud

[20:00] What is the Volker Rule? Was it supposed to replace the Glass-Steagall Act?

[28:00] There are some benefits from circulation between the private side and the public side

Websites:

www.NormChamp.com

www.JasonHartman.com