• David Enrich, New York Times Finance Editor on His Book, “The Spider Network” Exposing the Massive LIBOR Rigging Scandal

    November 16, 2017

    Listen to Podcast of the Show

    David Enrich photoThis week Richard and Joe welcome David Enrich, the Finance Editor at the New York Times and author of The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History. He previously was the Financial Enterprise Editor of the Wall Street Journal, heading a team of investigative reporters. Before that, he was the Journal’s European Banking Editor, based in London, and a Journal reporter in New York. Enrich has received numerous journalism awards, including in 2012 an Overseas Press Club award for coverage of the European debt crisis, a George Polk Award for coverage of insider trading, two SABEW awards and a Gerald Loeb Award for feature writing for “The Unraveling of Tom Hayes.” Enrich was also part of teams of Journal reporters who were finalists for Pulitzer Prizes in 2009 and 2011.

    David’s book, The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History, unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. The book was published in March 2017 to critical acclaim. CNBC and the FT recommended the book as one of their summer reads. It was also shortlisted for the 2017 Financial Times and McKinsey Business Book of the Year Award.

    National Review called The Spider Network “a nonfiction epic…an engrossing, entertaining tale.”
    Bloomberg Businessweek called it an “exhaustively reported tale”
    Author Harlan Coban praised it as a “terrific nonfiction book.”
    The New York Times called it a “vivid depiction of the ethos of the core financial institutions upon which the global economy depends.”

    In 2006, an oddball group of bankers, traders and brokers from some of the world’s largest financial institutions made a startling realization: Libor – the London interbank offered rate, which determines the interest rates on trillions in loans worldwide – was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed “Gollum”; the broker “Abbo,”; a Kazakh chicken farmer; a broker known as “Village”; an executive called “Clumpy”; and a broker nicknamed “Big Nose.” Eventually known as the “Spider Network,” Haye’s circle generated untold riches – until it all unraveled in spectacularly vicious, backstabbing fashion.

    The Spider Network provides insights of the scam as well as a provocative examination of a financial system that was crooked throughout, designed to promote envelope-pushing behavior while shielding higher-ups from the consequences of their subordinates’ rapacious actions.

    David grew up in Lexington, Mass., and graduated from Claremont McKenna College in California. He currently lives in New York with his wife and two sons.

    Listen to our talk radio show Saturday night at 7pm on KFMB 760 AM

    Listen LIVE

    Listen to a podcast of the show


  • Legal Giants Judge H. Lee Sarokin and Bill Lerach

    November 9, 2017
    Listen to Podcast of the Show Richard and Joe welcomed two giants of the legal profession, retired District Court, Judge H. Lee Sarokin, and the “King of Class Action Lawsuits”, Bill Lerach. Judge H. Lee Sarokin Judge H. Lee Sarokin (retired) is a graduate of Dartmouth College and Harvard Law School. After a 25-year career as a ... Read more
  • O’side Turkey Trot 2017

    November 7, 2017
    12th Annual Move Your Feet Before You Eat November 23rd 2017 Register Recognized as one of the Top Trots in the country by Runner’s World Magazine, the trot attracts visitors from 46 States and 460 cities. We invite you to come “move your feet before you eat” this Thanksgiving at Oceanside’s 12th Annual PMCU Turkey Trot 10k ... Read more
  • Andy Friendly, Emmy-nominated Television Producer, Programmer and Executive

    November 1, 2017
    Joe interviewed television producer and executive, Andy Friendly. Andy Friendly was born the week his father, Fred Friendly and his partner, Edward R. Murrow launched their pioneering documentary series “See It Now” on CBS in 1951. Ever since he was fortunate to have a unique and intimate view into the inner workings of the television ... Read more
  • Shaina Gross, President, and CEO of Susan G. Komen San Diego

    October 25, 2017
    Listen to Podcast of the Show Richard and his wife Mari (who runs The Brighter Side, a boutique for women with cancer) interview Shaina Gross about a subject close to their hearts, breast cancer awareness and Susan G. Koman San Diego. Shaina Gross is President and CEO of Susan G. Komen San Diego and Shaina succeeds ... Read more
  • Ken Kramer talks “ABOUT SAN DIEGO”

    October 18, 2017
    Listen to Podcast of the Show Richard and Joe welcomed Ken Kramer, creator, producer, and host of the television series “ABOUT SAN DIEGO” seen on KPBS. The long-running show has explored the unique places and people of San Diego. It would be hard to find a San Diegan that has not heard or viewed one of ... Read more
  • Margret McBride, Literary Agent and Chair of the La Jolla Playhouse Board of Trustees

    October 12, 2017
    Listen to Podcast of the Show Richard and Joe interviewed Margret McBride, literary agent and chair of the LaJolla Playhouse Board of Trustees. Margret is owner and president of the Margret McBride Literary Agency and has placed over 400 books with mainstream publishers such as Hachette, HarperCollins, Penguin/Random House, Simon & Schuster, Houghton-Mifflin, Norton, Macmillan/McGraw Hill, ... Read more
  • Peter Seidler, Managing Partner of the San Diego Padres

    October 5, 2017
    Listen to Podcast of the Show Richard and Joe talk baseball and more with the managing partner of the San Diego Padres, Peter Seidler. Peter is the Managing Partner of the Padres ownership group which acquired ownership of the Padres in 2012 and is the lead investor in the ballclub. He currently sits on Major League ... Read more
  • James B. Guthrie, Founder, and President of the Irving J. Gill Foundation

    September 29, 2017
    Listen to Podcast of the Show Richard and Joe welcomed James B Guthrie, AIA, founder and president of the Irving J. Gill Foundation (IJGF). Since the foundation’s inception in 2015, it has endeavored to preserve architect Irving J. Gill’s legacy so that the public, generations of architects, allied professions and enthusiasts may learn from and ... Read more
  • Battle of the Sexes 2.0 with Valerie Ziegenfuss and Dolly Riggs, Daughter of Bobby Riggs

    September 20, 2017
    Listen to Podcast of the Show Listen to Bonus of Track with Dolly Riggs and Val Ziegenfuss With the release of the new movie “Battle of the Sexes” coming on September 29th, this week’s show was all about the famous “Battle of the Sexes.” In a jammed packed show, Richard and Joe were joined by Valerie Ziegenfuss, ... Read more
  • Rafi Kohan, Freelance Writer, Editor and Author of “The Arena” with Don Bauder

    September 14, 2017
    Listen to Podcast of the Show Listen to Bonus Track with Don Bauder If you’ve ever wondered how they coordinate those fighter jet flyovers with the national anthem, how many hot dogs they serve in a day at Citi Field, how boozy pregame tailgates are kept in line, or what on earth AstroTurf is made of Richard ... Read more