Grubstakers - Episode 22: Mark Cuban feat. Mike Recine
Episode Date: July 2, 2018This week we discuss Mavs owner and sexual assault allegations denier Mark Cuban. We're joined by comedian Mike Recine to talk about Shark Tank and the hard work it takes to convince Yahoo to spend $6... billion to buy your business then immediately shut it down when the dot com bubble crashes. Also some talk about the difficult decision to fire Sean from the podcast.
Transcript
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Hey everyone, thanks for checking out Grubstakers, a podcast about billionaires where we ask
the question, is there such a thing as a good billionaire?
This week we're going to be covering Mark Cuban, Dallas Maverick owner, Shark Tank star,
and a man who has dodged some allegations from women time and time again.
We cover all these things with our special guest Mike Racine, oh and also we talk about
why Sean McCarthy was not kicked out of the podcast.
Was it a bird? Was it a plane? Maybe a future lawsuit. All that and more this week on Grub
Stakers. I think we disproportionately stop whites too much. I taught those kids lessons
on product development and marketing and
they taught me what it was like
growing up feeling targeted
for your race. I am proud
to be gay. I am proud
to be a Republican.
You know, I went to a tough school in Queens
and they used to beat up the little Jewish
boys.
You know, I love having the support of
real billionaires.
Hey everybody, welcome to Grubstakers, the podcast about billionaires, and a special
welcome to our new listeners, the attorneys at Covington and Burling.
I'm Sean P. McCarthy, joined as always by Andy Palmer, Yogi Poyle, Steve Jeffries, and
today we've got a very special guest, a very funny stand-up comedian, host of the podcast The Sit-Down, Mike Racine is with us.
Thank you.
And we've got an episode about Mark Cuban, of course the Dallas Mavericks owner, Shark Tank cast member.
But before we get to that, we'll just spend five minutes talking about why...
Your tweet.
Yeah.
We'll spend time talking about why the attorneys at Covington and Burling,
or at least an intern,
is probably listening to this.
Your former coworkers.
Yes, my former coworkers at Covington.
So basically, like...
Also explain why Sean got fired from the podcast.
Right, right, right.
So we'll keep this to, like, five minutes.
But basically, I...
Around, like, left Twitter,
there have been, like, a few different tweets,
which were, like, people saying, like,
oh, I work at Arby's,
and I, like, kick out Trump supporters. And then there was, like, a viral thing of, like, some 4 like people saying like, oh, I work at Arby's and I like kick out Trump supporters.
And then there was like a viral thing of like some 4chan idiot, like spending four hours on the phone with Arby's just to be told that that person doesn't work there.
And so everybody was laughing at them.
And then someone else posted something about how they worked at the Mayo Clinic and they were like telling Trump supporters that they have like what they call the topic pregnancies or something.
So they had to get abortions of their white babies. then that and you know paul joseph watson had
like this is disgusting so you know like all these uh left twitter people were laughing at
these idiots and i just like took the same formula i said uh i had a tweet like at my
foreclosure law firm today i looked up one of the people we were foreclosing on and found out they
were jill stein volunteer i approved the foreosure, even though they were current on payments and now they're going to lose their
house.
Lol.
Hashtag I resist or whatever.
And then like people ignored it,
but like some,
somebody tweeted it at a left Twitter account and then people started like
bothering me about it.
So I said,
well,
if you have a problem,
take it up with my employee,
Covington and Burling,
which is like a,
so for those who don't know,
and again,
I'll try to be quick about this, but it's a DC law firm that Obama's Attorney General Eric Holder worked for what he
did in the 90s was he helped Chiquita Banana or Chiquita Brands settle a dispute with the
government where Chiquita in Colombia was paying like 1.3 or 1.8 million to right-wing terrorist organizations in Colombia to murder union organizers for, you know, banana plants harvesting.
Eric Holder got a settlement for Chiquita Banana for covering up this murder of union organizers in Colombia for like 25 million.
And then they also did a, they were big on the foreclosure crisis. Talk about this on a
future episode, but they wrote a legal opinion for the mortgage electronic registry service,
which basically a lot of mortgage-backed securities in 2008 didn't engage in proper
chain of title transfer. Every time you exchange properties, you're supposed to transfer the
promissory note, the mortgage assignment. Mortgage-backed securities didn't do that for
a variety of reasons, such as they didn't want to pay the $35 fee. You have to
pay to local public records every time you do. So they just set up their own internal system for
keeping track of that, which is totally illegal. But Covington and Burling wrote the legal opinion
and defended this, et cetera, et cetera. And then something like six million people were foreclosed on in 2010 fraudulently thanks to this work so i said coving i worked at covington because i wanted people to
call covington and uh and they did like a bunch of people started calling covington and asking if i
worked there and like trying to get me fired and then eventually somebody posted on facebook that
they called covington and they were like okay so, so this person doesn't work there. Are you
going to sue them for defamation?
And the person on the other end of the line said, well, all
I can say is that we've had that discussion.
So
basically, I don't work for Covington
and Burling, but they're kind of shitty
and I'm glad, you know,
it's funny to me that the only
way you can get people to call
a law firm that helped murder union organizers and help foreclose on six million people is if they think they can get you fired.
Because that's the only way online activism works anymore is they want that immediate dopamine hit of getting somebody fired.
Yeah, someone's going to kill you and they're going to make it look like a suicide and no one's going to question it.
Well, he did tweet about jill stein a
lot also a bunch of people uh flooded the grubstakers account with uh demands to fire sean
yeah uh we don't have an income but if you want to send us money we'll make sure none of it goes
to sean i was already planning on that pre this scandal so chiquita was paying right-wing terrorist
groups to murder union organizers and then what was covington and burling's role in that so uh eric holder when he worked for covington in the 90s this is before he
started with obama but he of course went back to covington after obama um he got a settlement with
the justice department where basically chiquita paid 25 million and they just said that they were
paying off these right-wing terrorist organizations as protection money. And then there was no admission of, you know, murdering union organizers and no investigation, you know.
So he represented them.
Right. He got them a sweetheart deal with the Department of Justice.
And, of course, they repped most of the major banks, which is another reason why there was no real Obama-DOJ investigation into MERS or the major banks.
And his number two,
Lanny Brewer also came from and went back to Covington and Burling.
Now I heard an interview with Eric Holder that was,
if they,
there was anything,
they would have found it,
but they didn't find anything.
Oh,
okay.
So let's,
let's not make accusations willy nilly.
I just love that this fucking piece of shit's gonna run for president.
But hey.
Holder?
Yeah, Holder's gonna run for president after, you know, take this 1.3, 1.6 million a year job after leaving the White House where they saved his office for him.
But yeah, I mean, it's like, you know, I hope they don't sue me for defamation, but I had some big-name journalists reach out,
so you never know what you're going to be famous for.
So if I can raise my profile...
You just saw Sean with a GoFundMe
trying to raise $15 million for his love.
I would like to say,
if there's anyone listening to this at Covington,
please sue Sean,
because the numbers will get from him.
He just drains your Patreon.
At first I was mad. I was like, ah, fuck, this is going to
lead into something terrible. But then I saw the hits on the
podcast. I'm like, keep doing it, guys. I don't care.
I also said I worked at the
Brookings Institute, which is a think tank in
Washington, and they had to tweet out that
this person has never worked here.
I was pretty proud of that.
It's crazy how quick corporations have to be like,
uh,
someone saying that they work here.
We don't know what's going on.
Let's figure it out real quick.
I do just like that.
It's like,
you know,
I would assume more like people who are just on left Twitter all the time
would know about Covington,
but like the,
the,
they,
the,
the only thing is now they're fucking tweets.
Covington tweets all have like responses being like, please fire this person immediately.
You're foreclosing on Jill Stein supporters.
And it's like, well, you know, at least somebody's given them some negative publicity.
I'm the only candidate in this race that is not poisoned.
All right.
Well, so that was about it for my story.
But, you know, Covington, if you're listening, you know, please have mercy.
Or, you know, if you kill me, like, not in the face.
Where do you want it instead of the face?
Some gut shots.
God, like, so a lot of my research for that.
And, again, I'd like to do more.
Joe McCarthy shot himself 17 times.
Reloaded halfway through there was like uh so a lot of my research comes from this book by david
day and chain of title which is about the 2010 foreclosure fraud i really recommend i'll talk
about it more on a future episode but basically there was like one case that went forward against
a foreclosure mill law firm uh the key cooperating
witness mysteriously died the night before she was to give her sworn testimony um you know like
allegedly of a drug overdose so something to think about junkies you can't really regain
but i'll ask this episode's about mark cuban mccarthy right yes so uh you know what sucks
is when you do finally get murked like we're all gonna have to be like he was murdered yeah all your friends are
gonna yeah i love like just people be like paid to like share all my fucking stand-up clips about
depression or something yeah yeah like oh hey here's the suicide hotline if you're thinking
about just a bunch of people like tweeting out like my prescription for Paxil or some shit.
Yeah, I don't know.
It'll suck, but it's inevitable at this point.
You getting murdered?
Well, I think political murder is really going to take off in five to ten years.
You're just going to have fucking gang war, Chapo and the right stuff or whatever.
Like retail shit against podcast shit.
Podcast war.
All right.
Well, anyway, so that's about the background story.
If you're listening, Covington and Burling, we hope you enjoy the podcast.
You know, do not send any process servers.
I do not leave the apartment ever.
Anyway, so let's get into it.
This week we're talking about Mark Cuban,
and we're very happy Mike's here because he's an avid watcher of Shark Tank.
So he can tell us all about how Mark Cuban behaves.
And, you know, Mark Cuban has talked about how, like,
Shark Tank really raised his profile
and, like, how much more well-known he is because of it.
But so basically he's worth, according to Forbes, as of June 2018, he's worth about $3.7 billion.
He was born in Pittsburgh, 1958, middle-class family.
Father was an automobile upholsterer.
His mom worked odd jobs.
And he grew up in Mount Lebanon, Jewish middle-class suburb around there.
He must feel like such a piece of shit when he looks at the list of other billionaires.
There's 60 billion, 10 billion,
7 billion.
Yeah, I'm sure he like...
We've covered fewer billions
before. Right.
Yeah, I mean it's like...
Ackman was 1 billion. Well yeah, and Ackman
lost like half his fucking money because he's an idiot.
But
it's like, it's something where
even a billion dollars like how could anybody in good like conscience spend that much money
like how the fuck do you even figure out what to do with that much money um so you know 3.7 is it
he must have so many cheez-its at his house he just never runs out
uh but so his his paternal grandparents
came from Russia
maternal from Romania
they were Jewish
I think it probably had something to do
with the pogroms
this is a big running theme
in a lot of people's lives
weren't Cubans Jewish?
yeah I mean
wouldn't have guessed then
yeah
but
and so like
he kind of had like
wait are you saying all the billionaires
are Jews?
no why would you think that?
Anyways, he was born in a middle class suburb, grows up middle class suburb.
And then like at age 16, he comes up with this idea.
There's like a strike at the Pittsburgh Post-Gazette, the local newspaper.
So he comes up with the business idea of running
newspapers from Cleveland to
Pittsburgh. So he essentially
is such an entrepreneur that he figured
out how to be a scab
at like an early age.
And he made a good deal of money doing that.
Scabbing. At 16?
Yeah, at 16. That was a good hustle.
When I was 12, I sold
Wawa sandwiches in the lunchroom at like a 50 cent markup.
I would go buy them the night before and then I would sell them.
I should have sold them for more money.
What's a Wawa sandwich?
Wawa is a convenience store, a Pennsylvania and South Jersey convenience store.
There's some in Maryland too.
I think it might be coming to New York soon.
But it's the best convenience store on the planet.
Are you excited for it to be in New York?
No, because I like leaving New York and going to
Walla Walla.
Mike, maybe if there's a union strike, you'll be able to
start selling them again.
Yeah.
So he
goes to University of Pittsburgh for
a year. He transfers to
Indiana U in Bloomington.
He graduates from the Kelly School of Business, 1981.
He joins a frat as well, which will become relevant later.
And so he has like this story in this documentary I watched.
Basically, he purchased and renovated a bar near campus in Indiana called the Motley's Pub.
And I'm like, they don't really explain where he got the money for that, you know.
But I guess he, like, got some of it from, like, other people becoming shareholders, like, spending X number to get some of the profits in the bar.
Yeah, everyone else in college is, like, buying porn for the first time.
Right, right.
Like, trying to finger someone.
And he's like, I'll buy a bar.
Then they'll have to like me.
Yeah, he got to the fingering people later.
Yeah, he's like the kid with the pool
who can't understand
why he doesn't have friends.
So did he just take out
$50,000 of student loans
and just say, fuck school?
Invested in a bar
and a bunch of other ventures?
Well, it's funny
because the other clip
is him saying,
yeah, when I was in college
I was hustling,
applying for this loan,
applying for this grant,
applying for this scholarship.
And it's like,
I basically lived off
of 20 bucks a week
at the most,
at the most.
And I just hustled.
Get this loan
and apply for this aid
and apply for this grant.
And he was like,
someday I'll be a 50-year-old
on a yacht
who takes Viagra. But it was like, someday I'll be a 50-year-old on a yacht who takes Viagra.
But it's like, that's all the government.
So it's just kind of funny when these people become libertarians
and they're like, yeah, I hustled.
I applied for this welfare program and this welfare program,
and that's why I want to get rid of them all.
Yeah, they always make it sound like,
and this is like a classic dad-uncle argument,
like they bought a box of apples and stood on the corner and sold those apples and when they got their money you
know what they did they didn't go to the bar or buy movies they bought more apples
yeah and it's like and we've talked about a bit a bit on this podcast but again it's like a totally
different economy that they grew up in 60s and 70s were really the boom time in america, it's like a totally different economy that they grew up in. 60s and 70s were really the boom time in America.
So it's like, you know, congratulations.
You probably worked hard.
I mean, if you tried to run newspapers from Cleveland now, you would lose thousands of dollars, even with the strike.
Yeah.
I'm actually standing up for what the American people need and deserve.
All right.
So he purchases this bar near campus.
He's got a sexy voice, huh?
Yeah.
She was a singer in
college. Oh yeah, she's got a folk album.
How about we make that
the show? Let's Google Young Jill stuff.
And we'll
put a cookie on the floor.
So he gets this bar at 21. So he buys and renovates this bar at 21
and so it gets shut down because as he tells it a probation officer calls the alcoholic beverage
commission in indiana because the wet t-shirt contest they had was participated in by a 16
year old who was on probation for prostitution
and then basically they came in and they found that there was like a ton of underage drinking
in his bar and they shut it down um but yeah you know these things happen well that doesn't sound
like the mark keelan we're about to learn more about how long was that bar open i don't know
they don't really specify but it's probably just like a year or two. I like how a bar open by a college student
isn't immediately flagged. Like, no, that's
not happening. What are you talking about? Also, that
girl was on her way to rehabilitation, you know?
That's like the methadone. The wet
t-shirt podcast is the thing
between being
a prostitute and being like a
wife. Right.
She's a secretary now. She got clean. She works for the Dallas Foreign Office. She's a secretary now.
She got,
she got clean.
She works for the Dallas front office.
She's,
she's great.
She works for a loot crate.
She,
she invented think underpants.
Um,
so he gets his bar shut down,
but he graduates business school.
He goes back toburgh for like a year
he he works at melon bank uh which is like you know a pretty shitty bank for a variety of reasons
it was uh founded by the uh melon fortune um and it's been caught up in a bunch of other scandals
but it's neither here nor there but my man got a melon head
but so he he gets fired
or he quits
because he got chewed out
for, according to him,
he started some like
company humor letter
newsletter without permission,
which is like...
Wait, that's why he got fired?
That's what he says
in this documentary.
That is so pathetic.
They cut out the part
where it was all rape jokes.
Yeah, those are always...
He's like, he's that guy.
Oh, I saw this online, just had to share.
It's the White House with watermelons.
This is so funny.
He's Michael Scott.
It's like, what do you call all the N-words at the bottom of the ocean?
Telling street jokes.
It's reply all
i feel like a billionaire just someone with no friends yeah oh most of the time it is yeah well
it's like the other thing he talks about in the documentary is like he was like a fat kid growing
up and like you know didn't get a lot of dates so it's like you know as you'll kind of see like
later in his life you know i mean some people go through that and they overcompensate
and finger girls in Portland involuntarily.
But we'll get to that.
Oh, boy.
Yeah.
Way to kill the mood, Sean.
I'm sorry.
I know.
We were having a good time.
Is this Mark Cuban or half the Portland comedy series?
Jesus.
So he graduates. He goes, oh, yeah. So he graduates.
He goes, oh, yeah.
So he quits or gets fired from Mellon Bank.
And then he goes to Texas in 1982, works as a bartender for a bit.
But then he gets a job as a salesperson for an early computer PC software retailer called Your Business.
He claims to become, like, the number one salesperson, and he learns all about essentially the PC software business, retail, for business essentially, where you're selling whatever the precursor to Excel spreadsheets were.
And during that time as a bartender, he's living with five other dudes in a house in Texas, and they're just kind of living.
You know what it is?
It's like that young bachelor life where it's like, yeah, we were struggling. It's like, well, you mean you just didn't
want to clean more than once and decided to spend a few hundred dollars less in
rent but live eight inches from somebody else? That's really what you're doing?
Yeah, no, his struggle story was basically like what a Chinese
family goes through today on a daily basis. that's a chinese family who made it but so yeah no it so he goes through this and then so basically he claims he was like
fired from this company after a year because like he didn't want to clean up the store
instead he like closed a fifteen thousand dollar deal or. And then the owner was like a dipshit, was like, all right, well, I'm firing you.
So in 83, he starts what's called Micro Solutions.
And basically he does this by like,
he claims going to one of the clients there,
one of his clients and saying like,
hey, will you fund me to go into business?
And he doesn't really specify
how he really got the startup capital,
but you can imagine he probably got some friends and family loans, too.
But so anyways, he gets this friend to go in with or this former customer to go in as his business partner.
And then he claims he worked seven years without taking a vacation or whatever, you know, whatever, like mythology he builds up.
And again, I'm sure he he worked hard but he was right place
right time he was like right in the middle of the computer boom of the 80s he works for seven years
he's selling the software then he sells the thing uh to compu serve which was at the time a
subsidiary of h&r block he sells it for six million in 1990 and he personally gets two million of that
after tax so in 1990 he's a millionaire and uh then he just goes on
vacation is what he says there's so many people who like buy into that mentality of like and i
feel like i did it too where it's like this thing where uh you just don't ask for help you do
everything yourself you don't and like all these guys get oh yeah people like they just did it
without anything you know like the great intellectual intellectual Luis J. Gomez will always be like, billionaires
are billionaires because they work hard and they're smarter than everybody. But they just know how to
grift the right people. It's bending arms. It's just, hey, let me bend
everyone's arm around me for that slight amount of bump to then tomorrow be better
than everyone else. Except for the great Alexander Hamilton. He's the only
self-made book.
Yeah, you know, he really effectively worked the books on those slave trading companies.
But he worked the books.
That's really what we're talking about here.
You know, he didn't have help.
I got the books.
I worked the books.
He was very sad about working the books for the slave traders.
Yeah.
You know, he...
He was shaking his head in disapproval the whole time.
Yeah, but he knew 200 years later he'd be able to sell the rights,
get corny rap songs made out of it.
I don't know.
I've never listened to it.
I have no idea if it's good or not.
You probably will end up liking it. You know, I probably would. And hating yourself for how much you would like it. I've never listened to it. I have no idea if it's good or not. You probably will end up liking it.
You know, I probably would.
And hating yourself for how much you like it.
I would probably like Hamilton.
You know, I don't hate Alexander Hamilton, but that's neither here nor there.
But so anyway, so he sells this company.
He's a multimillionaire.
Mark Cuban does.
Which goes with vacation.
He says, fuck everything.
I'm out.
That Lin-Manuel is going to get me too'd eventually.
Right.
Oh, totally.
No one can be that enjoyed and not, you know.
Well, so like, and again, there's a digression, but Lin-Manuel did an ad or a series of ads for Morgan Stanley.
And, you know, we were talking about the foreclosure crisis at the start of the episode.
Morgan Stanley was one of those people who was when we talk about robo signing, it's not really a good term because what they were doing was essentially creating documents out of thin air and they were just like having somebody sit in a room and sign one of
these and having someone sit in another room and pretend to notarize these completely fictional
documents that they use to throw people out of their homes about six million plus in 2000 in
the foreclosure crisis so again it's like you know whatever take your commercial money but
maybe have a little bit of a conscience when you're going to tweet emotional stuff about don't kill yourself after your fucking business partners are responsible for hundreds of suicides at minimum.
You know what I think he's going to get is a like me too.
Sort of like the Buffy guy.
What's his name?
Oh, Joss Whedon.
Yeah, like Joss Whedon.
Just like cheating on his wife, me too, or whatever. Yeah. There's no way he doesn't already cheat on his wife. Right? Oh, Joss Whedon? Yeah, like Joss Whedon. Just like cheating on his wife, Me Too, or whatever?
Yeah.
There's no way he doesn't already cheat on his wife.
Right.
Oh, yeah.
Yeah, that dude fucking around.
You can see it in his eyes.
He's like a snake.
He's happy.
At least Tony Soprano got to tell him, fuck that guy.
It's the therapy.
All right, so Markan goes on vacation he buys like i guess american airlines
at the time was offering like 185 000 for like lifetime um flights or something like 80 000
miles a year so he buys that and he gets goes on vacation everywhere he spends two years in la
actually mark cuban does he tries to be an actor. He has a couple bit parts.
Yeah, and that's about it.
His acting. He played Macho Mark in a movie because I guess when you
retire, he just hit the gym all the time.
He's like that guy that we've
all met doing stand-up who just has a bunch
of money for something.
Producing shows and it's just
bad. Then he gets on stage
and you're like,
is that guy funny?
And you're like, he's a nice guy.
He's just like a multi-millionaire because of his father's work on the union problem
in Columbia for Covington and Burling.
But so he tries to be an actor for two years
and then...
And begs his teacher to kiss ladies.
Give me a scene where I have to kiss her.
Give me a scene where I have to kiss her.
And he was cool about it.
Right, so he begs his...
According to his own admission, he begs his acting teacher for parts where he has to, like, kiss female actresses.
Which, again, he has been accused of sexual assault and a toxic workplace culture at the Mavs.
So take that for what you will.
But, yeah, no, it's...
Isn't it crazy that a millionaire in the 90s was like,
you know how I'm going to make out with chicks?
I'm going to get into acting and talk to my acting teacher,
and they're going to hook it up.
I can't just make out with women on my own in my own life.
Acting classes.
Yeah, no one who's ever kissed a girl does that.
I like the idea of UCB coaches being low-level pimps.
Yo, if I sign up for the 201 classes,
can you get me a scene with Samantha?
All right, so he does the acting for two years um and then in 95 this is when he really like
essentially like in my opinion he became a billionaire through like you know obviously
some hard work but just sheer luck in terms of riding the dot-com bubble like he wrote it
perfectly so basically what happens is um it it's a company called would eventually be called AudioNet and then Broadcast.com. And it was founded by this guy, Cameron Christopher Jabe or whatever, J-A-E-B sports originally through like this customized satellite device, but later moved to the Internet.
And so he got the broadcast rights to all these radio and professional sports games.
Eventually, like, you know, on the Internet, he was making like, according to him, he was making 80 to 100 calls a day, getting the broadcast rights for all these sports.
And so then Mark Cuban finds out about this in 1994 through his former classmate at Indiana U, Todd Wagner, who was an attorney at the time. And so Wagner introduces Jabe or whatever to mark cuban cuban invest 10 grand in exchange for two percent of the company
uh apparently because he says because he and uh todd wagner wanted to listen to uh indiana
hoosiers basketball games on the internet um and then cuban and wagner eventually work out a deal
where they uh give the original founder 10 of the company and then give him a monthly salary of $2,500.
But they take complete control of the company.
I believe this was in 1995.
And then they completely write him out of the history.
Wow.
Which is just kind of funny because it's like, you know, like you watch the documentary, you read the Wikipedia.
You would have no idea that this guy exists because they bought the company and they're like, yeah, it was our idea.
Broadcast sports on the internet.
We thought of that.
And then Q was like, alright, good work everybody.
I gotta get to acting class.
I just can't get over
this.
Play that
clip again, Andy. That's so fucking
funny. Yeah.
I would just beg the teacher, give me a scene where I have to kiss her.
Give me a scene where I have to kiss her.
He was cool about it.
Man, documentaries were so different before the Me Too movement.
Nervous laugh at the end.
I hate how he's salivating in that clip.
It's been a decade or two after that incident's happened,
and he's still like, yeah, they were fine with it.
What a fucking piece of shit.
He was a happily married man at that point.
He got married in 97, actually.
Yeah.
Okay, well, we'll get to that um but so basically uh they uh uh they really they found
as uh audionet in 95 they keep growing um they broadcast sports for you know essentially through
the internet you can listen to sports games out of local networks so it's pretty popular they
broadcast i think the victoria's secret fashion show at one point, as well as, I think, the 96
presidential... Like the audio of it?
I think that was like in the 90s. They might have
broadcast the video, but...
He's just doing commentary.
Ooh, what a beautiful lady.
He's like,
I bet those boobs feel like a bag of sand.
Yeah, it really seems
like if there's one thing that does not work
in audio format, it is the Victoria's
Secret fashion show.
But,
so he's, the company's...
Wow, those bras. Check them out, everyone.
Playboy Radio.
It's like the 90s, so
they're like, no, we're going to do this one in video,
and it's like four pixels
that are just colors shifting around.
Ooh, check out that beige pixel.
That's nice.
That'd be a problem because people keep jacking off during the commercial breaks or something.
Before we get to the IPO, essentially they go in, but then they also start getting their friends and family to invest.
For the moment, it was only on paper,
but Mark and Todd were suddenly filthy rich friends and family.
He'd shown enough faith to make the minimum investment of $16,000.
We're now worth nearly $20 million.
I like how this entire documentary is,
uh,
is scored by what's probably a band of 58-year-olds.
It is very Viagra-inspired music.
Yeah.
This is so funny that so much of life
just comes down to friends and women.
Right.
It's a running gag that every single billionaire
gets a loan from Friends and Family Corp.
Right.
Yeah, like fucking Jeff Bezos got $300,000 from his parents.
No, Jeff Bezos is 140 times billion smarter than us.
That's why he got the money.
Who's the best people are the Jeff Bezos stans online?
Oh, God.
What is this?
Oh, the people who will defend Jeff Bezos to the death.
Wow.
Like, he made one homeless shelter in Seattle.
Is that not enough for you?
Those are people.
And then he made all of the people that fill it.
Yeah.
Hell yeah, Sean.
All right.
So basically, they do.
Okay, yeah.
They go public July 17, 1998.
And again, this is the height of the dot-com bubble.
So they shoot up to $62 a share.
And he's like, you know, a multimillionaire on paper now. But then I think just like
less than a year later, Yahoo buys it for 5.8 billion in 1999. And again, this is perfect
timing because of course in 2000, you have the dot-com crash. So Yahoo spends almost $6 billion on this company that they shut down completely in 2002.
Wow.
So it's just like one of the absolute dumbest purchases in history.
But it makes Mark Cuban a billionaire on paper.
I think his wealth becomes like $1.3 or so billion in 2000.
It's funny how any of us in this room be like all right that's it
yeah my money gonna take some acting classes you know I'll maybe start a
podcast really like IPAs enjoy my life
it's like creeper heart and basically it's the former he had crazy good luck yeah
oh yeah mark cuban was like he perfectly rode rode the wave and it's just funny because it's like
you know he has like inspirational quotes that he sells t-shirts of which we'll get to but one
of them is like if i can do it you can do it and it's like well clearly not i mean like you got and even like at one point
in the doc he admits he got insanely lucky but of course he still has this kind of like ayn rand
sense that it was like it was my hard work that got me here right which you know and it's like
hard work it's called rise and grind there's a lot of stuff where he talks about like i told my
friends i was gonna be rich growing up and it's's like, oh, man, that's the worst.
That kid that told you growing up he's going to be rich.
That guy, if he became a billionaire, oh, man, all your friends hate you that much more.
That's the same kid who would, like, lie about how many jet skis his dad had.
It's a smart thing to do because then when you get rich, you just don't have any friends you have to share the money with.
Because everybody fucking hates you.
But anyways,
he gets this,
he becomes a billionaire.
His first purchase after he becomes a billionaire
is he buys a Gulfstream 5 private jet
for $41 million through the internet.
Sounds like he bought it used.
You bought it from the internet?
That's said in there?
Yeah.
It was on Craigslist?
It was at the time the biggest financial transaction single
in the history of the internet is what I read somewhere.
You bought it off Craigslist?
You showed up in a parking lot? Yeah after after work at like 8 p.m it's like i don't know this doesn't really look like the
picture it's behind it's parked behind the apartment building the engine explodes mid-air
or some shit sure this isn't stolen yeah Yeah, yeah. You got the cash?
He's like, let's meet at like a Starbucks.
What's the total flight time?
It's like just all of the controls are in like Russian lettering.
It's just a Meg.
It comes in like a Soviet pilot.
Been a political prisoner since the 80s.
Ever since I bought this thing, Oleg Deripaska has been hunting me.
All right.
And then he kind of retires for a bit, but then he buys the Mavs, I think, in 2000, the Dallas Mavericks, the basketball team.
He buys them for about 220 million
from um uh Ross Perot Jr. Ross Perot's son was the owner at the time so why why did Yahoo buy
his company well because it because it was like uh the dot-com boom where like everybody was
convinced that like every single internet company was like just a money-making machine and of course wall
street like fueled this because they took a lot of the ipos because they get like seven percent of
an ipo and then they go off to all their clients and then of course they have like their little
analysts in-house be like hey you better give this a good rating and a buy rating because we're
gonna go ipo it so it's like there was a lot of like feeding of the bubble. And yeah.
It's a jerk off session.
Exactly.
And yeah.
That's why when you invest, boys, you got to work.
You got to work on instinct.
You don't listen to these eggheads.
You buy $5,000 worth of Canadian weed stock right before it crashes.
This is how I lost $400 in Bitcoin.
You're lucky that's all you lost.
I know.
Isn't like weed stock going to rebound or something now that Canada's legalizing?
It's supposed to, but I don't know.
Let me check.
Wait, this is a real thing?
Yeah, Mike bought some weed stock.
He texted me like, Not some.
He's like, you think I should buy this weed stock?
And I was like, I have no idea.
You bought it before it was legal.
Well, it was like medical marijuana. No like medical marijuana it's up a little bit it's at 11 87 canadian dollars but
i bought it for like 17 or 21 i forget which company is this afria yeah but it tanked
went down pretty hard it'll'll come back. Anyway, edit this out.
So, oh, yeah, speaking of Bitcoin, in January 2018,
Cuban announced that the Mavericks would be accepting Bitcoin as payment for tickets in the fall.
Well, another funny thing about Bitcoin is, like,
you hear the Winklevosses talk about it, and they're like,
well, you know, all these old guys, they think money's supposed to be green.
You're like, yeah, fuck those old pieces of shit.
I'm going to be with you, Tyler, and get the computer money.
I'm smart.
You're like Fredo Corleone.
These people are like the Winklevoss twins who know nothing about coming from money or old guys with money.
Yeah.
Harvard yachts or rowing or whatever the fuck crew crew
um all right so i guess uh and then we can kind of jump around with some of the time we have left
but uh there's a sports illustrated article about kind of the sexual harassment culture at the front
office of the mavericks and it's just kind of interesting because again like in this documentary and other stuff with cuban he talks about like when he took over the Mavericks. And it's just kind of interesting because, again, like, in this documentary and other stuff with Cuban,
he talks about, like,
when he took over the Mavericks,
he, like, went through everything
with a fine-tooth comb.
And he, like, you know,
got the players set up.
And he, like, got them a new airplane.
And he, like, got them better lockers.
He's like, get me those cheerleaders.
I want to inspect them.
Top to bottom.
Every single department.
He probably owns one of those FBI shirts.
It's a female body inspection.
Probably owns the company.
That makes those shirts?
Yeah, yeah, probably.
Boardwalk shirts.
But so there was a president of the Mavs,
the Mavericks at the time,
Tierdima Usuri.
A bunch of guidos with the T-shirts.
It was like, guys, Mr. Cuban's coming in today.
Everybody clean up.
Make sure.
So he buys the Mavs in 2000,
and then the president from the 90s to 2015 was this guy named Tirdima
Useri, and this guy was apparently investigated by the Mavs for sexual harassment in 1998.
They cleared him, but they, as according to Sports Illustrated, they cleared him, but
they sent out new sexual harassment guidelines that everybody had
to read and then uh you know ignore total maverick move um but so basically uh again cuban like went
through everything and micromanaged everything but he denies having any knowledge of any of this
and then sports illustrated ran this story uh this year which is basically i think in like 2014 a sports uh an employee
of the um there were multiple sexual harassment claims against uh this president usury and like
one of the quotes was a woman who worked at the maverick says that she was sitting down to lunch
and that he came up to her and sat down next to her and they were having a conversation and he said, he claimed
that he knew what she was going to do
over the coming weekend
and then when she asked what he meant,
he smiled and said, quote,
you're going to get gang banged, aren't you?
And then she responded, no,
actually I'm going to the movies with friends
and he said, no, he insisted,
you're definitely getting gang banged.
So, you know, just that kind of work. He's not a fortune teller, you're definitely getting gangbanged. So, you know, just that kind of work.
He's not a fortune teller, you're telling me?
He's not the office fortune teller?
It would be awkward because she actually was going to get it.
And I just want to remind your listeners,
the only people who actually have game are truck drivers like me.
Working class, salt of the earth men who treat you with respect.
I do like the idea that in court
they're like, no, he is the office fortune teller.
But it's so, like, in that, like, that guy
was trying to get laid, like, in his head, she was like,
mm, maybe I'm gonna get a granddaddy.
Here's my number.
I love how her first response isn't like,
what the fuck are you saying? But I'm going
to the movies this weekend.
And he's just like, oh, what movie do you think you're going to see?
She's like, well, it was a French art house film,
so he was partially right.
Yeah, no, he knew that she was going to Mark Cuban's bar,
the Motley's pub, for the wet t-shirt contest.
Where is this guy from?
Oh, I don't know.
I haven't done much research on him.
But essentially, he was...
What, Uzari?
Oh, he's from Los Angeles.
He grew up in Compton, yeah.
But so, he was...
So, there were, like, multiple complaints about him.
Like, another one was a woman said that
he, like, approached her in an elevator and said like
come on just one time or something like that um but so he was let go in 2015 um on amicable terms
and then of course mark cuban claims that he knew nothing about it when sports illustrated
published this article in 2018 and we believe him And then there were just like other weird stuff where it was like,
let's see.
So basically like somebody... Mark Cuban's like,
dude, couldn't you just take an acting class? Ha ha ha!
Alright, so
Mark hires some
guy to be, I guess, the beat reporter
of the Mavericks. It was a guy named Sneed.
And then he was arrested.
Sneed was arrested for...
He hired Grima Wormtongue.
So again, from the Sports Illustrated article,
Sneed in 2012 pleaded guilty to misdemeanor charges of family violence
after apparently he like choked
and beat his girlfriend and said
I'm gonna fucking kill you or something
he was kept on by the
Mavericks
and they all said we never would have expected this from a
Sneed
he was kept on by the Mavericks
and then later he dated
someone on the Mavericks and then later he Maverick move he dated someone on the Mavericks
and then in uh 2014 he uh hit her in a domestic dispute um so yeah you know multiple um uh
domestic violence guy being hired and it was just like you know so like one of the uh people who
spoke to Sports Illustrated about this story said on background, quote, trust me, Mark knows everything that goes on.
So, you know, it kind of strains credulity.
Yeah, it doesn't seem like Mark wouldn't know about this stuff.
I mean, he seems like a hands on.
Right.
Especially because that Sneed guy was, like, arrested at his workplace.
Yeah.
You know who did know, though?
The fortune teller.
He tried to warn her. at his workplace yeah who did know though the fortune teller but so uh uh basically uh you
know they said that the reason mark they alleged the reason mark turned a blind eye was that uh
this president usury was able to get the mavericks uh 240 million dollars for their stadium from the
city of dallas i believe40 million in public money.
And he also brought the 2010 NBA All-Star game to Dallas.
So the idea is that Mark kind of turned a blind eye because they were making money.
That's about it.
Yeah, that sounds about right.
Sounds like him.
We're making money?
Who gives a fuck if people are being abused?
And we kind of mentioned Ayn Rand a bit.
So Cuban's a big fan of Ayn Rand, who is the objectivist philosopher,
who essentially believes that because your existence is the only thing you can conceive of,
you are the only person who matters, this kind of stuff.
And she wrote a bunch of books about great men who ignore government bureaucracies
and make the world better.
And just one quote from Mark Cuban
about Ayn Rand's book, The Fountainhead.
Quote, it was incredibly motivating to me.
It encouraged me to think as an individual,
take risks to reach my goals
and responsibility for my successes and failures.
I loved it.
I don't know how many times I've read it,
but it got to the point where I had to stop
because I would get too fired up.
What?
I didn't know that's
at the core of objectivism, that you're the only
person you can conceive of.
So everybody else is just like a hologram?
Basically. I mean, it was
like, because Ayn Rand, you know,
thought of the libertarian movement as her
bastard offspring or something.
But that's really where her philosophy began and ended,
was that the power of the individual and the great individual and the individual is what matters.
And because you are the only person you know for sure exists and can conceive of,
you are the only person who matters.
I'm just imagining Mark Cuban in an argyle sweater with collars coming out,
sitting in a nice, comfy reading chair with reading glasses coming down,
and then all of a sudden he's just like, yeah, and spikes the book.
You know, nothing like the prose of a 60-year-old Russian woman.
Just babbling.
But, you know, so of course he uh very inspired by the protagonist in the fountainhead
which is why he went on to commit sexual assault um this i like milton friedman
uh but just like so uh again i haven't read the fountainhead but there's like a scene where the
main character the hero the individualist architect who, like, knows better than all of the critics and all of the socialists.
He is, like, he rapes the main love interest, who's, like, the wealthy daughter of some one of his clients or something.
And basically...
In the Fountainhead?
What?
That's in the Fountainhead?
That's in the Fountainhead, yes.
And so there's been, like, a lot of discussion about this scene.
But I just want to... But so basically Aynand writes it in a way where he rapes her
but she likes it and just one quick pull quote from it which is that ayn rand writes the act
of a master taking shameful contemptuous possession of her was the kind of rapture she had wanted
and so it is just kind of like this i don't know maybe if you read the fountainhead
you internalize this idea that this great man you know grabbing fucking women in his acting class is
what they really want deep down and for like 15 years americans america's fed chair uh was a huge
fan of this did bernie sanders say something like that too he? He did, yeah. That was in his... He wrote a short story.
Oh, I just want to say that.
I like the beef.
He said that in a debate with Hillary Clinton.
That's so quick on his feet.
Yes, Bill Clinton is a rapist, and Hillary likes it.
Well, I still fucking hate Hillary.
But so we're kind of jumping around,
but I guess we should talk about the actual sexual assault allegation
against Mark Cuban was a Portland paper
called the Willamette Week,
or however you pronounce it.
Willamette.
Willamette.
It grew up two hours from there.
Yeah, whatever.
But so they published this story
where they found it through police records,
Portland police records,
but then they contacted the woman
and then she confirmed it.
So basically, just a quote from the Willamette Week,
the woman told police she encountered Cuban
in late April 2011.
This is during a playoff game
or just before a playoff game or just before a
playoff game between uh the mavericks and the uh portland trailblazers she encountered him at a bar
in um in portland asked him to pose for a photograph while they smiled for the camera
she claimed he thrust his hand down the back of her jeans and penetrated her vagina with his finger
and so basically uh she wasn't sure what to do about this.
She told her then boyfriend, she told friends and family.
Then a week later she went to the Portland police and they opened up an investigation
into this.
They had seven photos from the woman, apparently two of which they deemed significant because
you couldn't see Mark Cuban's hand.
Like it was clearly on her back or her butt
or whatever and she had like a grimacing expression or something like that uh but that was the only
evidence they had and so then one of the investigators like calls up mark cuban and like
it's like do you remember this and he's like no of course i was of course not i was with kevin
love the whole night i was he he claims he was like a little drunk but not plastered,
whereas the woman says he was just shit-faced
and this took place at like 2 a.m. or something.
But so they investigated,
and then the DA eventually decided not to prosecute.
But I do like that in response to this...
This one's going into the he's rich pile.
In response to this, Cuban got two urologists at George Washington University
to provide the detective investigating with a written opinion
that Cuban could not have physically committed the crime because, quote,
Cuban is a large male with large hands,
making penetration without lubrication of the woman in the standing position virtually impossible.
All right, I will admit that is kind of where my mind went.
Yeah?
I don't know.
These must have been pretty loose-fitting jeans.
She was just so wet from the idea of a master taking shameful, contemptuous possession of her.
All right, well.
Guys, what else?
No, I don't know.
So he's been married since 2000. Anyways, you guys were mad at Sean before.
No, I, yeah, all right.
I mean, that's the story.
The DA investigated.
They didn't come up with anything.
But, you know, the woman,
she told the Willamette.
I guess why would you
lie about that right you know why would you ever say mark cuban touched you as a lie what was your
game from that maybe he was trying to buy mbc uh but so basically uh you know dho's not to
prosecute woman uh told the paper that she stands by her claims 100 mark cuban's attorneys deny him 100%. And that's where we're at.
And he's essentially talked about
running for president for 2020, but his wife
won't let him. So, you know, I mean,
maybe he should think about
that advice. To be fair, his wife won't let him
run for president, but he's certainly doing things his
wife wouldn't like constantly. So let's not
pretend. It is
funny, though, to be that guy's lawyer and you
look around, you're in your backyard,
and you probably have a beer in an in-ground pool,
and you're like, yeah, I got this money from saying Mark Cuban didn't finger a woman.
That's why you're a rat.
I think we all wish we had more money,
but just the awful shit you have to do sometimes.
I like the idea of being like a
university uh urologist at george washington university and being like honey great news we
get to go on vacation this year because somebody accused mark cuban of rape or sexual assault
can we talk about shark tank real quick yeah i don't know if you guys know this but i hate that
show i think it's stupid and the reason i think it's stupid is because it's just a lazier infomercial because infomercials are hey here's some useless crap and let's pitch it to the
audience which is uh the consumers shark tank is hey i made a product and let me pitch it to four
people and if they're interested we'll get the public which is not how that should work that's
that's stupid i have mark cuban like something i probably hate it um and apparently
there's a shark alitics website where they've done and analysis on all of the investments they've
done and mark cuban has invested uh a little under 20 million dollars on air basically and it's all
around the u.s and it's just like i don't care what Cuban thinks going to be profitable tomorrow. I don't give a
fuck about this. He's a businessman.
And the worst thing is is that it makes people
think that the American dream is that much more
achievable. It's like well look that guy made
a condom made out of fucking hemp and now
he's got a million dollars and it's like well that's
that's not realistic for any of us.
The condom or that business venture.
I finally had a cool house
ice cream sandwich like this summer because the grocery store across the street sells them.
And I always wanted one because I would see the truck and never get it.
And it's like, they're like, you know, artisan ice cream sandwiches.
Sure, sure.
I'm eating it.
I'm like, fuck this.
Fuck this thing.
But then people will hold that whoever started that company up as like a modicum, the right word, a modicum of success.
An example of success.
But it's like, that's not...
I almost didn't look like an idiot.
I had to go see what a fucking stupid wop I am.
But it's like,
yeah, you just made
a shitty, or like a slightly
better version of a thing that already exists.
It's not even slightly better. There's one guy who won a Shark Tank
that they didn't invest in. It was
one cup wine, this dude.
And now that shit's everywhere.
And they're like, well, we passed on the one
cup of wine, dude. And it's like, who gives a fuck?
What was one cup of wine? It's just a
plastic cup of wine that's in one cup.
It's basically, you can buy a six rack of
wine, but instead of a bottle,
you can buy it in these plastic containers.
Yeah, it's just something people
haven't seen before and they're like yeah i will i will say this for shark tank though is like
some desperate person pitching a useless idea to like a bunch of dumb billionaires is pretty much
how our economy runs yeah like that's how things get sold yeah but it is very like the the royals
will see you now and
see if your life will be better than the peasant you are they don't know they don't keep track of
performance uh on shark tank yeah what's his record oh it's uh i'll send you the link i don't
i'm looking at sharkalytics um it just it covers like his what steak he took on for each one. Yeah, but it is a show.
But that's exactly the problem with it.
It's not a show where you're actually watching people conduct real business
and seeing if shit's working out.
It's, hey, will a rich person throw money at me?
And it's like, I don't know, man.
Which they probably wipe their ass with those investments.
Like $100,000 is like a dollar to the rest of us and also like i mean i probably have a little more
money than you guys but it's just one of those things we're like you know that's a perfect
example of why that shows stupid because it inspires idiots to think that they could make
more money when it's like no you have no fucking idea i've had people who are business majors say that they watch Shark for inspiration all the time.
Seriously.
Well, it's kind of interesting because he mentioned he'd raised his profile.
And so he started this company.
It was a joint venture with Nelly and Nelly's business manager, Mike Chaffin.
It's a company called Three Commas.
And I had no idea that if you watch Silicon Valley,
the character who talks about like three commas and trace commas is just directly ripped off from Mark Cuban.
Because basically they sell these shirts that have three commas on them,
as they explain to represent that there are three commas and a billion dollars.
But so they have like the Mark Cuban line,
and it's just like dumbass quotes from mark cuban and all of the shirts are on sale except for the one that says
and for that reason i am out or whatever quote mark yeah that's a perfect example why that show
fucking sucks yeah do they have the mark cuban quote that was uh i didn't touch that one
they have the one where he's telling the detective,
fuck, fuck, oh, fuck.
I thought she was cool with it.
It's funny.
You can go to the Willamette week or whatever,
and you can read the transcript,
because I guess they got, I don't know,
through Freedom of Information or whatever,
they got the transcript of the detective interviewing him,
and he talks to the detective without his lawyer,
and half the transcript is him just going, oh fuck the detective is like well this is
you know it's a class two felony which is like the weakest felony but you know penetration without
permission is a felony he's like oh my god oh lord oh fuck and he and then he later he goes like
well you know like if he told her friend if she told her friends and five of them are willing to tell the judge that I did this, I'm fucked.
I'm fucked, aren't I?
And I'm paraphrasing.
It looks like it was acting classes that pay off.
But just a couple other of the quotes that are all on sale on the Mark Cuban line of the three commas.
He has a quote,
I'm an entrepreneur, you're a want-trepreneur,
which doesn't make any sense.
He said there's a shirt you can get that says,
when I die, I want to come back as me, quote Mark Cuban.
If I can do it, you can do it.
You know, the best thing about these shirts
is that we all have a very perfect image of the kind of person who wears them in our heads right now.
Yeah.
It's not about the journey.
It's about the journey, not the end, which is like, that's like, that's not even your quote.
One of my well-known supporters, Mark Cuban, was there in the front row.
And he really, I think, unsettled my opponent.
But I'll tell you, Mark Cuban's a real billionaire
who actually uses profit sharing.
You know that winning line?
Yeah, yeah.
Donald Trump's not a real billionaire?
Yeah, all the factory workers that lost their jobs in Ohio
were really convinced by this guy sharing profits
with his 200 employees or whatever.
I do like that Mark Cuban was like...
God, man, what a terrible fucking...
Mark Cuban was one of like four men accused of sexual assault
that Hillary Clinton enthusiastically accepted the endorsement of, including
her fucking husband.
Only one that wasn't running against her.
I guess she's
expecting people to be clapping like seals.
Like, ooh, a billionaire!
He's on Shark Tank.
That is what people expect, though.
I mean, what sucks is, previous
to every episode of this podcast, I'm always
like, I don't know if we got enough dirt. And then the moment where at the 30-minute mark, I, like, what sucks is previous to every episode of this podcast, I'm always like, I don't know if we got enough dirt.
And then the moment we're at, like, the 30-minute mark, I'm like, no, this guy is a rightful piece of shit.
I don't want Shark Tank, but I need you to tank yourself to the poles.
Oh, yeah.
Tell Donald Trump, I'm out.
I'm out is like
so shitty
you know what
if you're poor
it just means you're cool
yeah
Mrs. Clinton
the results are coming in
oh fuck
oh fuck
oh fuck
oh fuck
every state
but so
he's a real billionaire
right
yeah I don't know like I just
how dare you say Donald Trump's not a billionaire
you fucking whore
yeah and so he had like some rally
in Pittsburgh where he like
told this extremely unenthusiastic
crowd that you know in Pittsburgh we call Trump this extremely unenthusiastic crowd that, you know, in Pittsburgh, we call Trump a jag-off
or something. And then he's wearing a shirt
with Batman on it. I thought that's a Chicago thing, too. A jag-off?
I don't know. Is it shorter for jack-off?
What is going on there? I don't know. I don't know. This is what they say.
Because you wouldn't be like, oh, it's jagging off.
Like, that doesn't seem.
It's just a pejorative.
It's short for what he should have done before going to that bar in Portland.
My friend Kevin was telling me he was in a bar one time and, like, Hillary Clinton came on.
And there was, like, this older guy with his wife.
And the guy looks at the TV and he goes, that fucking.
And he said the C word.
And then the guy's wife goes, honey, no politics.
Oh, yeah.
So another thing about Cuban is he was going to distribute the 9-11 conspiracy movie Loose Change in 2007 with Charlie Sheen narrating it.
So Cuban owns 20. What a great voice.
Cuban is a co-owner of 2929 Entertainment,
which, among others, owns Magnolia Pictures,
it owns Paramount Theaters,
it owns AXS TV.
He was going to
distribute Loose Change
through Magnolia Pictures
with Charlie Sheen narrating,
but he backed out because it was controversial, understandably.
But he claims this is the reason the SEC investigated him
for insider trading in 2008.
And Stephen, I know you read a little bit about that,
but basically my understanding is someone gave him a tip-off
that the stocks in some company he was invested in
were about to be diluted,
so he immediately sold like a quarter of a million
and got out just in time.
He told the courts that while he was angry
about the sale going through,
he didn't know that it was confidential.
Which someone could have warned me
before I bought that Canadian stock.
The truth is that they were really mad at him
for telling the truth about the gold in Building 7.
I thought it was against distributing loose change because he thought it was a policy of giving poor people money.
The fine was basically loose change to him, though.
Right.
But, oh.
$750,000 loss is what he avoided by making this trade.
So it's like you i don't know you avoided
paying 50 cents for your sandwich or something right yeah yeah but so a um the it went through
the appeals which is probably something he would do anyway now yeah it's the way those people act
um yeah the sec investigated him it went through the appeals court, and then 2013, a federal jury in Texas found him not guilty.
So, good for him.
He definitely didn't do any insider trading.
And weren't you saying, like, somebody gave him maybe a tip-off to, like, get out of tech, like, just before the stock market, the tech bubble?
It didn't sound like anything illegal, per se.
It's just super, like, someone said, like, hey, you should diversify your wealth in the year 2000 right before
the crash. Right, right before the dot-com bubble
crashed.
So he's like, you know...
Well, folks...
Did they do a Shark Tank episode with the loose change guy
pitching
to Q-Town?
So I made this film. I think you guys
could maybe enjoy it.
Look at how the building falls perfectly.
Next thing you know is the tank.
It's a guy who threw the Jews at 9-11.
What if Massad goes on Shark Tank and they're like,
we have this thermite technology,
and it'll do like a controlled demolition,
and you can make it look like an airplane's flying into the building
you want to destroy. Cuban's like,
I've heard about this. I'm in.
You guys seem like you're really
hustling. I'm in.
But yeah, that's it.
Mark Cuban, future
presidential candidate, possibly
independent 2020. Possibly single
by then too. I'm going to make a meme of myself.
I'm going to have my finger on my temple. It's going to say,
you think the government did 9-11?
That would imply the government is competent.
I have my name below it.
I'm a fucking genius.
You might make a billion
dollars from it. Who knows? You go viral on
Our Libertarian. And then you can
tell the story once you're a billionaire about how you were selling
those sandwiches. I used to sell
all those sandwiches.
This kid,
Matt Paul refused to pay me cause there wasn't mayonnaise on his sandwich.
I had to shut down my business.
Really?
Yeah.
I still think about killing that kid.
Um,
but,
uh,
uh,
yeah,
thank you,
uh,
for being here.
Uh,
Mike Racine,
very funny standup comedian,
host,
the sit down podcast about organized crime.
You should all check it out. It's very funny.
Matt Anderson? Yes.
Matt Anderson's there, too. Lovely fella. Yeah, the integral
part of the show.
And, yeah, I guess we'll be back next
week. Anything else before we wrap up here?
I think that's everything. And with that, I'm Yogi
Pollywalt. I'm Andy Palmer. Sean McCarthy.
Steve Jeffries. Alright, thanks, Mike. Thanks. How, I'm Yogi Paliwal. I'm Andy Palmer. Sean McCarthy. Steve Jeffries.
All right.
Thanks, Mike.
Thanks.
How are you?
Good to see you again.
Real quick, Donald Trump and LeVar Ball, currently still arguing, LeVar Ball refuses to thank Donald Trump for getting his son, LiAngelo, out of China.
Should LeVar Ball just say thank you?
I mean, why?
No, I think you should send him an unlimited supply
of Big Baller brand shoes.
Yeah.
Because that's really what this is all about.
Donald Trump just wants the free shoes.
You know he's not gonna-
Is that what it is?
Is that what it is?
I mean, I just don't understand.
Do you think Donald Trump has a lot to do with it?
I mean, I mean-
Actually, okay, on the real, they're so much alike.
Yeah.
Because Donald will say what he needs to to say in PR, in the mindset, and be talked about.
So does LeVar.
Right.
Donald doesn't apologize for anything.
Neither does LeVar.
LeVar knows if he apologizes, there's nothing else to talk about.
Exactly.
LeVar doesn't apologize.
He'll be in the news all day, every day, and the president will end up having to talk about it.
What's better for Big Baller Brand?
It's straight out of the Donald Trump playbook.
Congratulations, LeVar.