The U.S. Taxpayer is Literally Bailing Out Gamblers

The U.S. Taxpayer is Literally Bailing Out Gamblers

By Bloomberg

This week, Cowen CEO Jeff Solomon joined to offer his read on financial markets and the recovery in risk assets.Tina Fordham, head of global political strategy at Avonhurst, came on to talk about what Prime Minister Boris Johnson's stay in the ICU meant for the day-to-day running of the U.K. Allstate CEO Tom Wilson explained why he decided to return some money to his customers as stay-at-home orders keep them off the roads. Then noted short-seller Jim Chanos, president and founder of Kynikos Associates, joined for a wide-ranging interview on everything from his Tesla short and the end of the gig economy as we know it to U.S. taxpayers bailing out professional gamblers.

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