Listen "Betting the Fund: Slapshots, Subprime, and the Spectacular Fall of Phil Falcone"
Episode Synopsis
What happens when a small-town hockey player from Minnesota’s Iron Range swaps his stick for a Bloomberg terminal and $26 billion in other people’s money? You get Phil Falcone—the hedge fund king who shorted subprime to riches, then torched it all, borrowing from his own fund, rigging bond markets, and backing a satellite network that nearly broke GPS nationwide. This is decision deafness in action: how a man who couldn’t hear “no” went from billionaire to pitching crypto TV—with his name misspelled in the deck.This episode was researched and written by Cherise Lloyd. Some music was created by using UDO. You can find show notes, transcripts, and sources at www.overleveragedoverconfident.com. Follow us on Instagram at Overleveraged Overconfident. Support the show on Patreon and help us keep deep-diving into those spectacular financial fails.. Overleveraged Overconfident is part of Seven Seven Spider, which specializes in deep dive research and financial storytelling. All research uses publicly available sources, so no confidential or regulatory information, just my keen sense of spotting nonsense.
More episodes of the podcast Overleveraged, Overconfident
Decades:Lira, Lies and Franklin National
24/09/2025
Excel-lent Mistakes: A Hall of Shame
21/07/2025
The Bond King's Bad Bet
30/06/2025
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.