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SPACs are back—and so is the stupidity. In this episode of Watchdog on Wall Street, Chris unloads on the latest “American Exceptionalism Acquisition Corporation” and explains why investors keep falling for the same garbage.
Here’s what you’ll hear:

• The outrageous Trump “no crying in the casino” disclaimer written into a SPAC prospectus
• How Chamath Palihapitiya’s so-called “SPAC empire” has left investors with losses of 70–98%
• Why penny stocks and boiler room scams are suddenly popular again
• The ugly truth: it’s not illegal, just gross—and gullible investors keep lining up
• Why chasing “get rich quick” plays will always end the same way

Investors aren’t unlucky. They’re just stuck on stupid.