Transcript
Donald Trump (0:00)
This is an iHeart podcast.
Eric (0:04)
To grab the bell. We can see what's going on on Wall Street. It's been an interesting day to say the least. The good news is most of the indices were up. The Dow is down at one point, is down 2, 300 points. Ends up down only about 60 points. S&P up 24. It's a nice move of the S and P. Nasdaq also up meaning both of those that hit record territory. Both of those have been very, very good across the board. Oil earlier I saw it up a touch and yet it's 60, 62 dollars a barrel. Gold was strong again. Yet another strong day for gold. Up $78 to the ounce. Really approaching the $4,000 per ounce level for the first time ever. And you're gonna like the guys in the control. We're gonna like this silver. Just ripping at $48. $48 of silver. Amazing, amazing. And then crypto. I'm watching it all night watching Bitcoin trade. 122, 124, 125. We got almost, we did, we, we breached 126,000 level in Bitcoin. That's great news. Ethereum 4720. Very, very strong. Solana up. CRO up. All right, folks. Americans were watching the justice system with growing concern. Remember we watched Donald Trump being treated the lawfare by the left. Did he clean it up? He got in there. He wants to change things. And they are, they are. But we're watching it with growing concern. From Washington to Wall street to the heart of Te and more people are asking the same question, is the law still blind? You know what that means, you know, and that, that little scale where lady liberty, lady law is blind because you're not supposed, doesn't matter who you are, it should be treated equally. Or has the law become a political weapon? One long running bankruptcy case we want to talk about may hold the answer. The case involves Highland Capital Management, a Dallas based investment firm that once managed billions upon billions of dollars. Six years ago, Highland entered bankruptcy after a 100 million dollar arbitration dispute. Since then, more than 850 million dollars has been paid out. 850 million paid out. The company remains solvent. Yet the bankruptcy drags on generating over $260 million in fees, lawyers fees, likely and professional fees and expenses. Many Americans see this as a system completely out of control. One that punishes those who play by the rules while rewarding those who manipulate the rules. Think lawfare, think Trump. They point to what's happened to Highland's founder, James Dondero, a man pushed out of the company he built from the very ground up. Even a $300 million charitable investment fund created through Highland has been dismantled, its assets assets redirected through a maze of settlements and legal rulings that few can even follow anymore. At the center of the controversy is the U.S. bankruptcy judge. Her name is Stacy Jernigan. She was appointed in 2006. She's faced sharp criticism for writing and selling novels that portray hedge fund managers in harsh, fictionalized terms, the same types of figures appearing before her in court. So she's judging these cases with subjects, plaintiffs, defendants who are the same people she's writing negative books about. Legal observers say that the blur between the line between art and impartiality raises serious questions about whether personal opinions have influenced judicial decisions, especially there. Attorney Michael Edney of Hunton Andrews Kurth says, we're urging the court to adopt rules that ensure the perception and the reality of an impartial judiciary. A judge should not simultaneously preside over cases and write books portraying the industries and litigants before her in a negative light. It just doesn't work. Across the country, Americans are seeing lengthy, high cost legal campaigns that appear to push political outsiders or business leaders who don't fit the establishment mode. It pushes them into a corner. They see it in the courtroom and the battles involving former presidents. Hello, Trump. And they see echoes of it in cases like Highlands, where process itself becomes the punishment. You can wipe people out by just keeping them in the process. They have to defend themselves. Lawyers cost a ton of money. That's what this case is. That's what this case is really. It's raising these grave questions, including whether insiders traded on non public information, whether mandatory financial disclosures were ignored, and whether sweeping legal releases insulated powerful players from accountability. If those allegations proved true, it would mark one of the most expensive and politically charged bankruptcies in modern history. For millions of Americans who've already lost faith in the fairness of of the courts, Highland stands as a symbol of what happens when power and politics replace transparency and, more importantly, justice. For many, it's not about one businessman or one company. It's about the principle of fairness itself. A justice system that can bankrupt the solvent, silence dissent and protect insiders is a system that ordinary citizens can no longer trust. The Highland capital case is still moving through the courts, but its implications reach beyond, far beyond any one firm. Many Americans now believe that without real transparency and accountability, confidence in our justice system will continue to erode. When any courtroom can Appear political. No matter who's on trial or who's on the bench, every citizen's rights are at risk. Restoring faith in the rule of law isn't a partisan goal. It shouldn't be. It's an American one. The first step, many say, is demanding a system that's truly fair and. And impartial accountability to those people. It serves blind justice. It's called, Folks, Heartland in Texas. My first guest was a TV anchor for the ABC affiliate in Illinois when she learned of Charlie Kirk's assassination. She went on to give a heartfelt nonpartisan tribute to Charlie Kirk. Take a look.