Prediction Held up AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Friedman: Regulators Will Release Follow-up Rules Followed by Anti-Abuse Guidance

Manny Friedman · Manny Friedman – EJF on Economic Opportunity Zones (EP.91) · Mar 18, 2019 · at 29:57

Manny Friedman, founder of EJF Capital, discusses the regulatory roadmap and implementation timeline for federal Opportunity Zone legislation with Ted Seides.

0:00 / 0:21exact quote · 21.4s
720p mp4 · rendered on demand · StarZero watermark
“There will be another set of regulations that will allow people to really be aggressively doing things, and then there'll be abuse regulations, because whenever you create a program of a trillion dollars or more, it's only natural that there'll be abuses, and so that will be the third set of regulations.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Manny Friedman

Prediction Not checkable as stated
Friedman: Tax incentives will force all US startups into Opportunity Zones
“It's going to encourage every single business that's going to start up United States. It's going to force it for tax reasons, for economic reasons, to be in an opportunity zone.”
Manny Friedman Mar 18, 2019 ▶ 10:15 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Opinion
Friedman: The Community Reinvestment Act has largely been a failure
“The truth is, it's been a failure to a great extent, because there's so much paperwork, it's so artificial at times, that you make non-economic investments, and the money disappears, and that gets people upset, gets everyone upset.”
Manny Friedman Mar 18, 2019 ▶ 18:58 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Prediction Not checkable as stated
Friedman advises shorting Silicon Valley and selling Palo Alto real estate
“In fact, I would short Silicon Valley right now. If you have real estate in Palo Alto, you should be selling it, because if you're in Silicon Valley, you're, Except for a small place in Silicon Valley, which is an opportunity zone, those businesses are all goi…”
Manny Friedman Mar 18, 2019 ▶ 39:19 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Prediction Not checkable as stated
Friedman: Active managers will profit massively when indexation hits 95%
“I'm waiting for the day when the key is to have staying power to last, is when, you know, the machines or the indexes are 95% of the market. Then you'll make money hand over”
Manny Friedman Jul 23, 2018 ▶ 29:58 Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Prediction Open · timeframe Mar 2024
Friedman: Opportunity Zones will attract over $1 trillion in capital
“Right now it's probably seven, eight trillion dollars, but it's growing in another two and a half trillion dollars every year, and so that over a period of time, we believe at least a trillion dollars of capital is going to flow from one area, one geography, t…”
Manny Friedman Mar 18, 2019 ▶ 8:11 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Prediction Not checkable as stated
Friedman: Opportunity Zones Will Negatively Impact Traditional Real Estate Markets
“It's going to have a negative impact on a lot of real estate that's in more traditional areas.”
Manny Friedman Mar 18, 2019 ▶ 30:30 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.