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December 27, 2024 4 mins
Chris examines the chilling implications of Luigi Mangione's high-profile murder trial, raising concerns about its potential societal consequences. Could this case set a dangerous precedent where violence against business leaders is justified by public sentiment? Christopher draws comparisons to past sensational trials and highlights the broader risks of glorifying vigilante justice. www.watchdogonwallstreet.com
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Episode Transcript

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Speaker 1 (00:00):
The Watchdog on Wall Street podcast, explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Luigi Menjoni's very scary murder trial. This is this has
me concerned, has me concerned, and in more ways than one.
First and foremost, I'm very concerned that this is going
to turn into an oj Simpson's esque type of circus,

(00:44):
but with much, much worse consequences. And let me explain
why most Americans, this is the Wall Street Journal Today
from the ap most Americans believe health insurance profits and
coverage denials share responsibility for the killing of United Healthcare CEO,

(01:07):
although not as much as the person who pulled the trigger,
not as much. Survey a in ten US adults did
the person who committed the killing has a great deal
or moderate amount of responsibility, great deal or moderate amount.

(01:28):
Many people are again we're putting Luigi Mangoni out as
a heroic figure, and we're seeing it out there. Do
you understand the consequences the consequences of Luigi Mangione caught

(01:55):
on tape, caught on tape assassinating somebody in the streets
of Manhattan. If he gets off, did you have any
idea what that would mean? Basically, I mean, we got

(02:19):
enough left wing whack jobs here in this country that
they're going to feel justified and killing any that you
would have precedent. You would have precedent here in the
United States America is saying that it's it's okay to

(02:40):
murder someone if you don't like their business or business practices.
I mean, this is right out of that, you know,
right at a Batman movie there with with Bain and everybody,
you know, just assassinating you know, various different people that
are successful and doing well. Do you understand the consequences truck,

(03:04):
because I don't hear anybody really talking about it at all.
And he did go he put in his plea in
not guilty unless he's actually I mean in the in
the his defense if he's saying, that wasn't me, that
wasn't me, I didn't do it, I didn't do it

(03:26):
with somebody else was there, and he gets off if
his attorney is able to convince a jury. And I
don't know what his defense is going to be convince
a jury that he is justified, justified in killing a

(03:47):
CEO because you don't like that CEO. You don't like
United Healthcare, you don't like their business practices. I don't
know what to tell you. I would, I would again.
I'll give you my take right now. I wouldn't be
surprised if his attorney's actually presenting this saying listen, okay, listen.

(04:15):
I know you may want to win here, but you
may want to plead this down. You want to plead
this down. Dude, you really want do you do? You
really want the rippercussions? H If I get this off,
this is again. This is different. This is different than O. J.
Simpson getting off. This goes in the wrong direction. It

(04:39):
could get pretty ugly out there. Something uponder Watchdog on
Wall Street dot Com
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