Against the Rules with Michael Lewis Podcast: all episodes' AI transcripts and summaries

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Podcast: Against the Rules with Michael Lewis

Description: Journalist and bestselling author Michael Lewis explores the figures in American life who rely on the public's trust, whether in sports, in business, in the courtroom, or on TV. What happens when that trust erodes and we can no longer agree on what's fair and what's not? In the latest season of his podcast, Michael takes on America’s newest form of legalized gambling, sports betting, and how it’s changing what it means to be a player…a teenager…and most of all, a fan. iHeartMedia is the exclusive podcast partner of Pushkin Industries.

Category: Society & Culture

All Episodes

Michael Lewis on the Prof G Pod with full AI transcript and summary

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Update: 2024-12-24
Duration: 00:31:47
Shownotes: Just recently, Michael Lewis was a guest on the "Prof G" podcast with Scott Galloway. He talks about the rise of sports betting and why

the consequences might be a "disaster" for US society. And the two discuss the subject of Lewis's latest book, "Going Infinite." See omnystudio.com/listener for privacy information.

Vegas Sports Bookies on Old-School Betting with full AI transcript and summary

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Update: 2024-12-17
Duration: 00:30:12
Shownotes: On a visit to Las Vegas, Michael Lewis meets three old-school sports bookies. Chris Andrews, Jimmy Vaccaro, and Vinny Magliulo book bets and set odds

at the South Point Hotel Casino. They talk about how they got started in Vegas, the origins of the prop bet, and why it's bad for business to limit smart bets.See omnystudio.com/listener for privacy information.

Gambler Billy Walters on the Sharp's Life with full AI transcript and summary

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Update: 2024-12-10
Duration: 00:37:10
Shownotes: Michael Lewis sits down with Billy Walters, one of the most famous sports bettors of all time. They talk about Walters' impoverished childhood in Kentucky,

and his transformation from an auto dealer to a professional poker player in Las Vegas to a sobered-up millionaire who's been indicted five times. For further reading: Gambler: Secrets from a Life at Risk by Billy Walters.See omnystudio.com/listener for privacy information.

Episode 7: Little Big Short with full AI transcript and summary

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Update: 2024-12-03
Duration: 00:43:13
Shownotes: As a resident of California, Michael Lewis cannot place bets on any of the online sports books at the center of this season. They’re not

allowed to operate in the state. But why? We hear from pastors, Native Americans and short-sellers about why a handful of states are still holding out, and why those efforts are most likely doomed. For further reading: Steve Ruddock’s gaming newsletter Straight to the Point Inside the $400 million fight to control California sports betting by Gus Garcia-Roberts, Washington Post.See omnystudio.com/listener for privacy information.

Get Happier, Help Others: Some Good Ideas About Giving with full AI transcript and summary

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Update: 2024-12-02
Duration: 00:51:09
Shownotes: It's the season of giving: colorful paper and shiny bows, sure, and charitable giving, too. In this special episode, Jacob Goldstein, the host of What's

Your Problem, gets smart about donating. Did you know that spending money on others makes you happier than spending money on yourself? Or that altruistic nerds have discovered four of the most impactful charities in the world (per dollar spent)? Have you ever wondered how poker players think about giving? Dr. Laurie Santos from The Happiness Lab, Elie Hassenfeld of GiveWell, and Nate Silver and Maria Konnikova from Risky Business talk about how to maximize your giving – and why you’ll be happy you did. Link to donate: https://givingmultiplier.org/happinesslab Listen to The Happiness Lab with Dr. Laurie Santos Listen to Risky BusinessSee omnystudio.com/listener for privacy information.

Episode 6: VIP with full AI transcript and summary

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Update: 2024-11-26
Duration: 00:35:35
Shownotes: What does it mean to be a “very important person” in the world of online sports betting? Not necessarily what you think. We hear from

recovering gambling addicts and state regulators frustrated with some of the perverse incentives to keep people on a losing streak. Meanwhile, our show’s own producers hope for a VIP night at the concert of the year. For further reading: Legalizing Sports Gambling Was a Huge Mistake by Charles Fain Lehman. See omnystudio.com/listener for privacy information.

Episode 5: The Mule with full AI transcript and summary

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Update: 2024-11-19
Duration: 00:32:06
Summary: In Episode 5 of 'Against the Rules,' titled 'The Mule,' Michael Lewis explores the complex world of sports betting, focusing on the role of affiliates

known as 'mules' who aid skilled gamblers facing restrictions from betting apps. The episode features discussions with prominent bettors like Rufus Peabody and his partner LJ, highlighting the intricacies and ethical dilemmas inherent in this underground gambling scene. As LJ navigates the pressures of placing bets on behalf of Rufus, the episode illuminates broader themes of trust, fairness, and the evolving landscape of legal sports betting.

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Shownotes: The role has many names: “Runner,” “mover,” “betting partner,” and “mule.” As skilled sports gamblers find themselves limited on apps, they turn to these affiliates

to place their bets in return for a piece of the proceeds. Against the Rules decides to explore this murky world by signing up for mule-dom with one of the world’s most skilled sports bettors.See omnystudio.com/listener for privacy information.

An Interview with Ted Olson with full AI transcript and summary

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Update: 2024-11-16
Duration: 00:33:55
Summary: In the episode "An Interview with Ted Olson," Ted Olson reflects on his esteemed legal career, detailing his experiences before the Supreme Court, particularly in

cases concerning states' rights and sports betting. He highlights the strategic importance of understanding justices' perspectives and preparing thoroughly for oral arguments. Olson elaborates on the Murphy case, which sought to challenge a federal ban on sports gambling, emphasizing New Jersey's sovereignty and the economic motivations behind the legal battle. The discussion reveals the complexities of legal arguments in the context of federal and state powers, illustrating Olson's significant contributions to the evolution of sports gambling laws.

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Shownotes: Constitutional lawyer and former US Solicitor Ted Olson recently died at the age of 84. Olson represented the state of New Jersey in its efforts

to overturn a federal ban on sports gambling. Those efforts succeeded, as we hear in our episode "Welcome to the Garden State." But Olson and Michael Lewis talked about many other aspects of his vivid legal career. We're offering their full conversation today.See omnystudio.com/listener for privacy information.

Episode 4: A Hard Way to Make an Easy Living with full AI transcript and summary

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Update: 2024-11-12
Duration: 00:37:05
Summary: In Episode 4 of "Against the Rules with Michael Lewis," the podcast delves into the transformative landscape of sports gambling following the 2018 Supreme Court

decision that legalized betting across many states. The discussion highlights figures like Michael Roxborough, who shifted from gambling to setting odds, and Rufus Peabody, who utilized statistical models to predict sports outcomes. As online platforms evolve, they impose limits on skilled bettors, complicating the betting experience. The episode explores the implications of legalized gambling on the integrity of sports and the dynamics of the betting ecosystem.

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Shownotes: Michael Lewis heads to Las Vegas to explore the way sports betting used to work, up until the day it was rapidly legalized by states

around the country. We meet the betting sharps who figured out what others couldn’t and set the odds for other bookies. That is, up until everyone seemed to have a casino on their smartphone. But the new online casino differs from the old ones in an important way: It doesn’t take all bets. For further reading: Edward Thorp’s Beat the Dealer “Cigars, Booze, Money: How a Lobbying Blitz Made Sports Betting Ubiquitous” by Eric Lipton and Kenneth P. VogelSee omnystudio.com/listener for privacy information.

Nate Silver on the Risky Business of Sports Betting with full AI transcript and summary

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Update: 2024-10-29
Duration: 00:37:40
Summary: In this episode of "Against the Rules," Nate Silver distinguishes between two risk mindsets: the 'village,' which represents risk-averse individuals, and the 'river,' comprised of

competitive gamblers. He discusses the complexities of sports betting, revealing its volatility compared to poker, and critiques current betting platforms for alienating skilled bettors. Despite his indifference to gambling, Silver reflects on its psychological aspects and the social dynamics involved. He warns of the dangers posed by exploitative betting companies to younger generations, emphasizing the need for awareness of poor decision-making in an increasingly digital betting landscape.

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Shownotes: As the US election nears, Michael Lewis sits down with Nate Silver, co-host of the Pushkin podcast Risky Business (along with the writer, psychologist and

professional poker player Maria Konnikova). They talk about why people bet on elections, the problem with sports gamblers in the United States, and Silver’s new book, On the Edge: The Art of Risking Everything. See omnystudio.com/listener for privacy information.

Marci Cottingham on the Religious Passion of Steeler Nation with full AI transcript and summary

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Update: 2024-10-22
Duration: 00:23:55
Summary: In this episode of 'Against the Rules with Michael Lewis,' sociologist Marci Cottingham analyzes the profound emotional connections Pittsburgh Steelers fans have with their team,

particularly symbolized by the Terrible Towel. She explores how this towel has transformed from a mundane object into a sacred symbol, embodying community, belonging, and shared rituals among fans. Cottingham emphasizes the repetitive and fervent behaviors exhibited during games, which parallel religious experiences, and discusses how Steelers fandom incorporates symbolic elements into significant life events, hence illustrating why it could be considered a quasi-religion.

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Shownotes: Is there a difference between fandom and religion? In Pittsburgh, it can be hard to tell. Fans of the city’s football team, the Pittsburgh Steelers,

seem to have a cradle-to-grave devotion, complete with a golden relic, the “terrible towel.” Michael Lewis talks with sociologist Marci Cottingham, a native of Steeler Nation, about her work studying the religious overtones of fandom, and why the positive experiences of sports fans should get more scholarly attention. For further reading: Marci Cottingham’s Practical Feelings: Emotions as Resources in a Dynamic Social WorldSee omnystudio.com/listener for privacy information.

Alison LaCroix on How History Rhymes at the Supreme Court with full AI transcript and summary

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Update: 2024-10-15
Duration: 00:34:13
Summary: In this episode of 'Against the Rules,' Michael Lewis and historian Alison LaCroix discuss the Supreme Court's landmark 2018 ruling against the Professional and Amateur

Sports Protection Act. They analyze the historical context of states' rights and the evolving interpretation of federalism, referencing James Madison's concept of the 'federal negative' and its implications on state sovereignty. The conversation highlights significant cases like Murphy v. NCAA, revealing the complexities of power dynamics between federal and state authority, as well as the impact on sports gambling legislation in America.

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Shownotes: It may seem like sports gambling got legalized overnight in the US. But it was in fact a winding road to get there. Michael Lewis

speaks with legal historian and University of Chicago professor Alison L. LaCroix about all the factors that led to the Supreme Court overturning, in 2018, a federal law called the Professional and Amateur Sports Protection Act. And they explore why, in some eras of US history, the Court tends to lean towards “states rights” arguments. For further reading: Alison LaCroix’s The Interbellum Constitution: Union, Commerce, and Slavery in the Age of FederalismsSee omnystudio.com/listener for privacy information.

Episode 3: Welcome to the Garden State with full AI transcript and summary

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Update: 2024-10-08
Duration: 00:44:36
Summary: In Episode 3: Welcome to the Garden State, journalist Michael Lewis discusses New Jersey's critical role in the transition from fantasy sports to legalized sports

betting. The episode features insights from Chris Christie and various local politicians, emphasizing the changing legal landscape influenced by public demand and lobbying efforts. Key figures like Joe Brennan Jr. and Ted Olson provide perspectives on the challenges faced in overturning PASPA, culminating in a Supreme Court decision that reshaped sports gambling laws across the United States.

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Shownotes: How did we get from fantasy sports to legalized sports betting? The path is convoluted, but most of it winds through New Jersey. Michael Lewis

speaks with former governor Chris Christie, among other Jersey politicians, as well as lobbyists for the gaming industry. Plus we hear from Ted Olsen, the lawyer who kept bringing the Garden State’s constitutional challenge until it finally reached the Supreme Court — and hit a jackpot. For further reading: Albert Chen’s Billion Dollar Fantasy Murphy v. NCAA ESPN timeline of how sports betting was legalized SCOTUS Blog: The Tenth Amendment, Anti-Commandeering and Sports BettingSee omnystudio.com/listener for privacy information.

Episode 2: Values of the Game with full AI transcript and summary

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Update: 2024-10-01
Duration: 00:34:18
Summary: In Episode 2 of 'Against the Rules with Michael Lewis,' titled 'Values of the Game,' the narrative centers on Bill Bradley, a former basketball player

and U.S. Senator who exemplified integrity and honesty in sports. The discussion traces his journey from the NBA to politics, where he advocated against illegal sports betting through the Professional and Amateur Sports Protection Act. Despite his ideals, the episode highlights the conflict between American values and economic incentives, particularly as public sentiment increasingly supported gambling, challenging Bradley's efforts to uphold the integrity of the game.

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Shownotes: Bill Bradley was already famous in college as the epitome of certain American virtues: integrity, honesty, and athleticism. As an NBA star, he took those

virtues to the big leagues. As a US Senator, he had a chance to codify some of them into law and prevent the rise of sports betting. But at the same time, others in Bradley's state were making huge money on this illicit form of gambling. For further reading: John McPhee’s A Sense of Where You Are American Bettors Voice, non-profit advocacy for sports bettors co-founded by Gadoon “Spanky” Kryollos. Bill Bradley’s Values of the Game David Hill's The Vapors: Southern Family, the New York Mob, and the Rise and Fall of Hot Springs, America's Forgotten Capital of Vice Professional and Amateur Sports Protection Act of 1992.https://www.congress.gov/bill/102nd-congress/senate-bill/474See omnystudio.com/listener for privacy information.

Episode 1: What’s Wrong with Eric? with full AI transcript and summary

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Update: 2024-09-24
Duration: 00:29:00
Summary: In Episode 1 of "Against the Rules with Michael Lewis," the complexities of sports fandom are explored through Eric Simons' personal journey and academic insights.

Simons reflects on the emotional turmoil he experiences as a fan, prompting a broader examination of why individuals endure such irrationality. Psychology professor Dan Wan's research challenges stereotypes about fans, revealing their social engagement and academic success. The episode highlights the economic significance of fandom, using examples like the Green Bay Packers to illustrate fan loyalty amid rising costs. Coping strategies employed by fans, such as distorting reality and attributing blame, showcase the psychological intricacies of their emotional investments.

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Shownotes: Sports fans experience incredible highs and lows, and spend loads of money on a product over which they have no control. But for a long

time, no one bothered to study the minds or impulses of fans. Michael Lewis finds out how that's changing as writers and academics learn more about the powerful psychology of fandom. Just in time for technology to exploit fandom more than ever. For further reading: Eric Simons’ book The Secret Lives of Sports Fans Research by Murray State University psychology professor Daniel Wann on fandom: https://murraystate.academia.edu/DanielWann The Henry Tajfel Experiments See omnystudio.com/listener for privacy information.

Judging Sam: The Sentencing with full AI transcript and summary

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Update: 2024-03-29
Duration: 00:41:36
Summary: In this episode of 'Against the Rules with Michael Lewis,' the sentencing of Sam Bankman-Fried is analyzed. The hosts discuss the emotional atmosphere in the

courtroom, noting Sam's lack of remorse, which influenced the judge's view. The extensive courtroom theater was highlighted, addressing the legal requirements for victim and defendant testimonies. The implications of remorse on sentencing and the judicial discretion exercised by Judge Kaplan are explored, leading to a surprising 25-year sentence. The episode also covers the potential location of his imprisonment and what lies ahead in his legal journey, touching on the broader societal implications of trust eroding in American life.

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Shownotes: Sam Bankman-Fried was sentenced to 25 years in prison after being convicted of fraud and conspiracy. Michael Lewis and Lidia Jean Kott were there in

court. They talk about what happened with Judging Sam’s legal expert, Rebecca Mermelstein, a former federal prosecutor and partner at O'Melveny and Myers.See omnystudio.com/listener for privacy information.

Judging Sam: Judging the FTX Bankruptcy with full AI transcript and summary

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Update: 2024-03-27
Duration: 00:43:17
Shownotes: While Sam Bankman-Fried has been on trial, the cryptocurrency exchange he founded, FTX, has been going through bankruptcy proceedings. Jonathan Lipson, a professor at Temple

Law School, tells Michael Lewis that he believes the proceedings have highlighted problems with the US bankruptcy system. Jonathan Lipson’s research paper “FTX’d: Conflicting Public and Private Interests in Chapter 11” is forthcoming in the Stanford Law Review. You can read a draft here. You can listen to our previous interview about the FTX bankruptcy with Jonathan’s co-author, David Skeel, here. See omnystudio.com/listener for privacy information.

Judging Sam is Coming Back with full AI transcript and summary

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Update: 2024-03-23
Duration: 00:00:42
Shownotes: This fall we covered the trial of Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX. He was found guilty of fraud and conspiracy

and could face decades in prison. Now, we are covering his sentencing. Check here for those episodes starting the week of March 25th.See omnystudio.com/listener for privacy information.

Michael Lewis on Freakonomics Radio with full AI transcript and summary

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Update: 2024-02-19
Duration: 01:00:59
Shownotes: Enjoy this episode of Freakonomics Radio, where Michael Lewis sat down with Stephen Dubner to discuss his book “Going Infinite: The Rise and Fall of

a New Tycoon.” Description from the original episode:Lewis got incredible access to Sam Bankman-Fried, the billionaire behind the spectacular FTX fraud. His book is a bestseller, but some critics say he went too easy on S.B.F. Lewis tells us why the critics are wrong — and what it’s like to watch your book get turned into a courtroom drama.See omnystudio.com/listener for privacy information.

The Rise and Fall of Crypto Billionaire Sam Bankman-Fried from Talk Easy with full AI transcript and summary

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Update: 2023-12-12
Duration: 01:04:48
Shownotes: Enjoy this episode from another Pushkin Industries podcast, Talk Easy with Sam Fragoso. Upon taking a walk with crypto billionaire Sam Bankman-Fried, writer Michael Lewis

had a sense that there might be a story here. In the intervening two years, that story has taken a series of twists and turns, resulting in Lewis’ new book Going Infinite: The Rise and Fall of a New Tycoon. At the top, we walk through Bankman-Fried’s Manhattan trial, the subject at the center of this winding story, and why Lewis was first interested in observing him. Then, he unpacks Bankman-Fried’s belief in effective altruism, his probabilistic approach to trading, and how his Stanford law professor parents shaped his thinking. On the back-half, we discuss the ten-day period of FTX’s collapse, the scene in the Bahamas as Bankman-Fried filed for bankruptcy, and why Lewis felt a kinship with Sam’s parents in that moment. To close, Michael reflects on his own journalistic tendencies and how he managed to write this book in the aftermath of great personal tragedy. For thoughts, reflections, and guest suggestions, drop Sam a line at [email protected] omnystudio.com/listener for privacy information.

Judging Sam: Millennial Frauds with full AI transcript and summary

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Update: 2023-11-17
Duration: 00:30:48
Shownotes: Lidia Jean Kott talks to journalist Elizabeth Lopatto about what it was like to cover the trial, the similarities it shared with Elizabeth Holmes’ trial,

and what this all says about millennials, fraud, and the future of the tech industry. This conversation was recorded on November 13. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: The Aftermath with full AI transcript and summary

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Update: 2023-11-09
Duration: 00:34:22
Shownotes: It's all over. Sam Bankman-Fried was found guilty on all seven counts. But what now? Michael Lewis, Lidia Jean Kott, and Judging Sam’s legal expert,

O’Melveny defense attorney Rebecca Mermelstein, reflect on the outcome and look ahead to sentencing, SBF's other legal troubles, and the fate of the cooperating witnesses. This conversation was recorded on November 7. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Guilty on all counts with full AI transcript and summary

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Update: 2023-11-03
Duration: 00:08:42
Shownotes: The jury, after about 4 and a half hours of deliberation, has delivered its verdict – guilty on all seven counts. Lidia Jean Kott was

in the courtroom when it happened. Her conversation with financial reporter Jacob Goldstein was recorded on November 2. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus. See omnystudio.com/listener for privacy information.

Judging Sam: The jury's job with full AI transcript and summary

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Update: 2023-11-02
Duration: 00:20:32
Shownotes: CORRECTION: In an earlier version of this episode, our guest incorrectly stated that in the case of a hung jury, a defendant cannot be retried

without risking double jeopardy. This is incorrect. If the jury hangs, then the defendant can be retried. We have edited the episode to remove this and apologize for the error. It’s nearly time for the jury to begin their deliberations. They’ll file into a backroom at the courthouse, and SBF’s fate will be in their hands. But what goes on behind those doors? How will the jury get to its verdict? Trial consultant Ellen Leggett returns to the show to talk through the process with Lidia Jean Kott. This conversation was recorded on October 27 and updated on November 1. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: The Hail Mary That Wasn’t with full AI transcript and summary

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Update: 2023-11-01
Duration: 00:24:22
Shownotes: We're finally in the home stretch. Today the prosecution finished their cross examination of Sam Bankman-Fried, the defense followed up with a redirect, and then

both sides rested. It’s Michael’s last day at court, but Lidia Jean will attend until the bitter end. They sit down to talk through the trial day’s events. This conversation was recorded on October 31. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Sam Bankman-Fried Faces Cross-Examination with full AI transcript and summary

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Update: 2023-10-31
Duration: 00:13:44
Shownotes: Sam Bankman-Fried finishes direct and faces withering cross-examination by the government’s chief prosecutor, Danielle Sassoon. Michael Lewis and Lidia Jean Kott share notes during lunch,

then Lidia Jean sits down with Pushkin financial reporter and host Jacob Goldstein to talk through the day’s events. This conversation was recorded on October 30. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Sam Bankman-Fried Takes The Stand with full AI transcript and summary

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Update: 2023-10-28
Duration: 00:21:09
Shownotes: The day is finally upon us: Sam Bankman-Fried takes the stand. Michael Lewis and Lidia Jean meet up after a long day in court and

discuss everything that went down. This conversation was recorded on October 27. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Michael Lewis comes to court with full AI transcript and summary

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Update: 2023-10-27
Duration: 00:17:54
Shownotes: Michael Lewis finishes his book tour and joins Lidia Jean Kott in court. His timing, as usual, is impeccable. The government rests its case. And

then, everyone thinks Sam Bankman-Fried will take the stand. Instead, in a surprise twist, Judge Kaplan sends the jury home. LJ and Michael meet up on the courthouse steps to talk through the day’s events. This conversation was recorded on October 26. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: After The Prosecution Rests with full AI transcript and summary

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Update: 2023-10-25
Duration: 00:28:39
Shownotes: After a few days off, the trial resumes tomorrow, October 26. The prosecution has said they will likely be ready to rest their case by

midday. Michael Lewis, Lidia Jean Kott and Rebecca Mermelstein, a partner at the law firm O’Melveny & Myers, sit down to analyze the prosecution’s case and talk about what might happen next, including the possibility of Sam Bankman-Fried taking the stand. This conversation was recorded on October 23. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: An FTX Victim Speaks Out with full AI transcript and summary

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Update: 2023-10-24
Duration: 00:20:33
Shownotes: Voices of the victims of Sam Bankman-Fried’s alleged crimes have been few and far between during the prosecution’s presentation of its case. On today’s show,

Lidia Jean Kott sits down with Jake Thacker, a tech worker from Portland, Oregon who borrowed money to bet big on FTX, only to be left holding the bag. He says he’s now bankrupt and unsure whether he’ll be able to keep his home. This conversation was recorded on October 23. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Week 3 is in the books with full AI transcript and summary

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Update: 2023-10-20
Duration: 00:18:26
Shownotes: Another week come and gone, and like everything SBF, it wasn’t without a healthy dose of drama. Lidia Jean Kott catches Michael Lewis and Jacob

Goldstein up on all that has gone down. This conversation was recorded on the evening of October 19. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Listen Now: Spellcaster - The Fall of Sam Bankman-Fried with full AI transcript and summary

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Update: 2023-10-19
Duration: 00:08:31
Shownotes: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But when Sam's

crypto exchange FTX collapsed, billions of dollars went missing, and Sam was in handcuffs, those who knew him were left wondering — who was Sam really? A well-meaning billionaire who made a mistake? Or a calculated con man? From Wondery and Bloomberg, the makers of The Shrink Next Door, comes a new story of incredible wealth, betrayal, and what happens when “doing good” goes really, really, bad. Binge all episodes of Spellcaster ad-free right now by joining Wondery Plus in the Wondery App or on Apple Podcasts. Listen to Spellcaster. See omnystudio.com/listener for privacy information.

Judging Sam: Michael Lewis Talks Money with Matt Levine with full AI transcript and summary

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Update: 2023-10-18
Duration: 00:27:04
Shownotes: Today on the show, Michael talks with Matt Levine, business columnist at Bloomberg News and author of the newsletter “Money Stuff.” Matt knows more about

how crypto markets work than just about anyone else. And also about how they don’t work. Like when there’s a more than eight billion dollar hole nobody seems to have been able to fill. Matt and Michael talk trial, SBF and FTX. This conversation was recorded at 2pm on October 17. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.comSee omnystudio.com/listener for privacy information.

Judging Sam: Nishad Singh Takes the Stand with full AI transcript and summary

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Update: 2023-10-17
Duration: 00:08:41
Shownotes: It was supposed to be a quiet Monday in court, but it turned out to be everything but. Nishad Singh, a former top executive at

FTX, and a close personal friend of the Bankman-Fried family took the stand. Lidia Jean calls Michael Lewis from court during her lunch break to get his take on Singh, and updates us with the latest as the SBF trial enters its third week. This conversation was recorded on the evening of October 16. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Week 2 Catch-up with Michael Lewis with full AI transcript and summary

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Update: 2023-10-16
Duration: 00:25:36
Shownotes: Week 2 of Sam Bankman-Fried’s trial is in the books. The prosecution has called witnesses, including star witness Caroline Ellison, and the defense has cross-examined.

There have been dramatic, emotional moments, a secret recording and laughter in the overflow rooms. Lidia Jean has been in court, and Michael has been on book tour. In this episode they catch each other up. Michael is curious how the characters he got to know while reporting his book have come off in court. This conversation was recorded on October 14. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Ellison Testimony Wraps Up with full AI transcript and summary

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Update: 2023-10-13
Duration: 00:18:01
Shownotes: Caroline Ellison, former co-CEO of Alameda Research and Sam Bankman-Fried’s ex-girlfriend, spent 3 days on the stand this week. Ellison recently pled guilty to financial

fraud, and is cooperating with the prosecution. In this episode Lidia Jean Kott discusses Caroline’s testimony with Jacob Goldstein, financial reporter and author of the book Money. This conversation was recorded in the evening on October 12. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Caroline Ellison Takes The Stand with full AI transcript and summary

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Update: 2023-10-11
Duration: 00:16:46
Shownotes: Caroline Ellison, former co-CEO of Alameda Research and Sam Bankman-Fried’s ex-girlfriend, takes the stand and has a lot to say. Ellison recently pled guilty to

financial fraud, and is cooperating with the prosecution. In this episode Lidia Jean Kott discusses what came up on Day 1 of Caroline’s testimony with Jacob Goldstein, financial reporter and author of the book Money. This conversation was recorded in the evening on October 10. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To access bonus episodes, and to listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plus.See omnystudio.com/listener for privacy information.

Judging Sam: Catching up with Michael Lewis with full AI transcript and summary

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Update: 2023-10-09
Duration: 00:21:07
Shownotes: Week 1 of Sam Bankman-Fried’s trial is in the books. The jury is seated, opening statements have been given, and witnesses are taking the stand.

Lidia Jean has been in court, and Michael has been on book tour. In this episode they catch each other up. Michael wants to know what it’s like inside the courtroom, and Lidia Jean is curious about what new information Michael is learning. This conversation was recorded on October 7. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plusSee omnystudio.com/listener for privacy information.

Judging Sam: Opening Statements with full AI transcript and summary

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Update: 2023-10-06
Duration: 00:23:07
Shownotes: SBF’s trial has been on for three days, and a lot has happened: jury selection, opening statements, and the first witnesses. Pushkin co-founder Jacob Weisberg

sits down with reporter Lidia Jean Kott and Rebecca Mermelstein, a partner at the law firm O’Melveny and Myers, to talk about what’s happened in court so far. This conversation was recorded on October 5 at 3 pm ET. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plusSee omnystudio.com/listener for privacy information.

Judging Sam: Jury Selection with full AI transcript and summary

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Update: 2023-10-04
Duration: 00:31:46
Shownotes: The trial of former FTX CEO Sam Bankman-Fried got underway yesterday in the Southern District of New York. First order of business? Empanelling a jury.

Reporter Lidia Jean Kott was there. To get more insight into how jury selection works, Lidia Jean sat down with trial consultant Ellen Leggett. Their episode was recorded on October 2 at 6pm ET, with an update after court on October 3. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plusSee omnystudio.com/listener for privacy information.

Judging Sam: The Case Against SBF with full AI transcript and summary

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Update: 2023-10-03
Duration: 00:30:28
Shownotes: Sam Bankman-Fried's trial starts today in the formidable Southern District of New York, with Judge Lewis A. Kaplan presiding. If convicted, the former multi-billionaire and

CEO of crypto exchange FTX could spend the rest of his life behind bars. In this episode, Michael talks with court reporter and producer Lidia Jean Kott and former Southern District of New York prosecutor Rebecca Mermelstein, now a defense attorney with O'Melveny and Myers, about the charges against Sam and what we might expect as the trial gets underway. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.comThis conversation was recorded on September 26th.To listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plusSee omnystudio.com/listener for privacy information.

Judging Sam: Going Infinite – Jacob Weisberg interviews Michael Lewis with full AI transcript and summary

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Update: 2023-10-02
Duration: 00:33:05
Shownotes: For the past year and a half, journalist Michael Lewis has been following crypto entrepreneur and former CEO of FTX Sam Bankman-Fried. The resulting book,

"Going Infinite: The Rise and Fall of a New Tycoon", is out October 3. When Michael started his reporting, SBF was heralded as a wunderkind, a genius, a crypto innovator, a major philanthropist and political donor. Now, Sam Bankman-Fried is standing trial on multiple charges, including wire fraud, securities fraud, and misusing billions of dollars of customer funds. If convicted, he could spend the rest of his life behind bars. Michael was there – with unprecedented access – to see it all happen. In this episode, Pushkin's Jacob Weisberg interviews Michael about how he chose Sam as his book subject, what he thought the book was going to be about, and when he sensed things were going to come crashing down for Sam and FTX. This conversation was recorded on September 13. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plusSee omnystudio.com/listener for privacy information.

On Background: Preparing for Sam Bankman-Fried's Trial with full AI transcript and summary

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Update: 2023-09-12
Duration: 00:30:29
Shownotes: The former CEO of now-bankrupt crypto firm FTX, Sam Bankman-Fried has been charged with fraud and conspiracy. His trial is supposed to begin in October.

In the final episode of On Background, Michael Lewis speaks to former prosecutor Rebecca Mermelstein, now a defense attorney with O’Melveny and Myers, about how prosecutors are building the case against Bankman-Fried, and how his defense team can prepare him. For our coverage of Sam Bankman-Fried’s trial, check back here soon! See omnystudio.com/listener for privacy information.

The Sudden Celebrity of Sir John Knight from Revisionist History with full AI transcript and summary

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Update: 2023-08-31
Duration: 00:48:26
Shownotes: In the battles over gun rights, a shadowy English nobleman from the 17th century has unexpectedly taken center stage. Who was he? What did he

do that has — 300 years later — endeared him to a generation of legal scholars? Revisionist History explores the cult of personality around the mysterious Sir John Knight. Enjoy this episode from Revisionist History, another Pushkin Industries podcast.See omnystudio.com/listener for privacy information.

On Background: The Political Spender America Deserves with full AI transcript and summary

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Update: 2023-08-15
Duration: 00:29:02
Shownotes: During the 2022 election cycle, crypto mogul Sam Bankman-Fried gave as much as $40 million in political donations. That whopping sum caught the attention of

campaign finance watchdogs, even before Bankman-Fried was arrested and charged with various financial crimes. Michael Lewis talks to Jordan Libowitz of the Campaign for Responsibility and Ethics in Washington (CREW) to understand the complex world of campaign finance law. And we hear why SBF, in confessing his dark-money deeds, may be a game changer. (NOTE: after this episode was recorded, federal prosecutors announced they were dropping a campaign finance charge against Bankman-Fried.) Go to atrpodcast.com to submit a question for Michael to answer in an upcoming episode.See omnystudio.com/listener for privacy information.

On Background: Who Buys Distressed Assets? with full AI transcript and summary

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Update: 2023-07-11
Duration: 00:35:25
Shownotes: Andy Mitchell could be called a "doctor for business." His firm, Lantern Asset Management, buys up businesses in immediate need of cash and willing to

sell at bargain-basement prices. Michael Lewis calls up Mitchell to get the "distressed asset" angle on the company at the center of Lewis's next book: the now extremely distressed crypto exchange, FTX. But along the way, we hear about other businesses on the skids, including the maker of Twinkies, and the Weinstein Company. Head to atrpodcast.com and submit a question for Michael to answer in an upcoming episode.See omnystudio.com/listener for privacy information.

Introducing Lost Hills: The Dark Prince with full AI transcript and summary

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Update: 2023-06-29
Duration: 00:11:04
Shownotes: Sharing a preview of Lost Hills Season 3: The Dark Prince. Host Dana Goodyear takes a deep dive into the surf world to explore the

legacy of Malibu's Dark Prince, Miki Dora. A surfer known for his style, grace and aggression, he ruled Malibu from the 1950s to the 1970s. Celebrated for his rebellious spirit, he was also a conman who led the FBI on a 7-year manhunt around the world. Hear it all at: https://apple.co/losthillsSee omnystudio.com/listener for privacy information.

On Background: Effective Altruism Still Has Friends with full AI transcript and summary

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Update: 2023-06-13
Duration: 00:34:27
Shownotes: One-time crypto-currency king Sam Bankman-Fried was a big proponent of a philosophical movement known as “effective altruism,” or EA. Advocates of EA say we should

use data and reason to find the best ways of doing good. EA’s popularity grew as investors like Bankman-Fried used it to guide generous donations to causes. Micheal Lewis speaks with two college students who got involved in effective altruism through clubs at their universities. Gabriel Mukobi and aL Xin explain the philosophy behind effective altruism and what impact the rise and fall of Sam Bankman-Fried has had on the movement. Questions for Michael? Submit them by visiting atrpodcast.com.See omnystudio.com/listener for privacy information.

On Background: Crypto Skeptic Proven Right with full AI transcript and summary

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Update: 2023-05-16
Duration: 00:31:51
Shownotes: If you spend any time reporting on the world of crypto currency and Bitcoin, then you’re going to run across the name Molly White. She’s

a software engineer who has been called "the cryptocurrency world's biggest critic." Michael Lewis gets her on the line for a lively conversation about why she spotted hucksterism and fraud early on in crypto's rise. Questions for Michael? Submit them by visiting atrpodcast.com. See omnystudio.com/listener for privacy information.

On Background: A History of Bankruptcy in the US with full AI transcript and summary

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Update: 2023-04-11
Duration: 00:33:12
Shownotes: Often when a corporation declares bankruptcy, that happens at the end of a long and difficult road. But entering bankruptcy proceedings also means setting out

on a new and equally difficult road. That’s where Michael Lewis finds the subject of his next book, Sam Bankman-Fried. The company Bankman-Fried founded, FTX, entered bankruptcy late last year. For some perspective on what could be one of the messiest bankruptcy cases of recent times, Michael turns to David Skeel. Skeel is a professor of corporate law at the University of Pennsylvania and one of the foremost historians of bankruptcy in the US. Send a question to Michael Lewis, and he might answer it on an upcoming episode of Against the Rules. Head to atrpodcast.com.See omnystudio.com/listener for privacy information.