The PBM Hitman

Senator Elizabeth Warren is here! The Massachusetts democrat she sits down with David and Matt to talk about the fights that keep her fired up—from Wall Street and Big Tech to pushing Democrats to get serious about the cost of living. In this wide-ranging interview, we discuss how democrats should respond to Trump's second-term victory, the Google antitrust trial, spar on Fed independence, and much more. According to Warren, housing, healthcare, and antitrust aren’t just policies—they’re positions that reveal who the government and our representatives really work for. It’s a candid, sharp, and fiery conversation—just like Senator Warren herself.If you love Organized Money, support us! Go to Organizedmoney.fm to subscribe to our newsletter, or Organizedmoney.fm/donate to throw us a donation. It helps us keep the lights on!

Google just lost a huge antitrust case—but somehow seems to have walked away the winner. In this emergency episode David and Matt explain how a federal judge ruled that Google is an illegal monopolist, then turned around and let the company keep the very deals that entrench its dominance. From billion-dollar payments to Apple to the future of AI, they dig into what the ruling means, why critics on both the left and right are calling this a huge win for Big Tech and what it tells us about the fight against monopoly power.If you love Organized Money, support us! Go to Organizedmoney.fm to subscribe to our newsletter, or Organizedmoney.fm/donate to throw us a donation. 

The biggest story in football this season isn’t on the field, but in the boardrooms and backrooms of the NFL. In this episode David and Matt dig into the collusion scandal rocking the league—where billionaire owners conspired to block star quarterbacks from getting guaranteed contracts, in cahoots with the NFL Players Association, the union meant to represent player interests.We're joined by the journalist who cracked the story, Pablo Torre, host of Pablo Torre Finds Out, along with Doha Mekki, Former Acting Assistant Attorney General. Together, we try and piece together how how this scandal's collusive DMs, strip club meetings, shady union politics, and brazen conflicts of interest, form a case study in contemporary power, labor, and corruption.If you love Organized Money, support us! Go to Organizedmoney.fm to subscribe to our newsletter, or Organizedmoney.fm/donate to throw us a donation. 

The business of skateboarding has grown from an independent, DIY culture into one almost completely dominated by private equity groups. How did it get gobbled up? In this episode David teams up with former “skate rat” and researcher Daniel Stone of the Center for Economic and Policy Research to expose how private equity has quietly, and sometimes catastrophically, taken over the world of skateboarding. What started as a subversive, counter-cultural movement has become a hunting ground for financial firms snapping up iconic skate and surf brands, only to leave them saddled with debt, stripped of their soul, and disconnected from the local shops and skaters that built them. From the leveraged buyout and hollowing out of World Industries, the collapse of Dwindle Distribution and Enjoi skateboards, and Boardriders’ massive bankruptcy we see how  these firms disconnected iconic brands from their roots, gutted skate teams, and contributed to the decline of local skate shops. This episode is a cautionary tale, showing how even the most rebellious sides of youth culture aren’t safe from Wall Street’s relentless appetite. Check out Daniel's report, No Comply: Private Equity and Skateboarding here.Love Organized Money? Support us! Go to OrganizedMoney.fm to subscribe to our free newsletter, and throw us a donation if you're able. It helps keep the lights on.  

Organized Money is on vacation this week, but we still have a fantastic monopoly story for you. Around the globe, tuberculosis kills more people than any other infectious disease, despite the fact that it's treatable. This episode is about a drug that would otherwise save lives, but is so expensive that many of the people who desperately need it, can't afford it. The reason is because of the ways healthcare companies keep the price of drugs high via patents and loopholes, both here and abroad—and how one man led thousands of people to fight back. This story, which originally ran in 2023, comes from our friends at the podcast An Arm And A Leg, a show about why medical care costs so much, hosted by Dan Weissman. If you like this episode, go check out An Arm And A Leg, and subscribe. 

It's hard to keep track of the number of trade deals, threats, carve-outs and deadlines and random stops and starts in the Trump administration's wild approach to tariffs. To untangle the chaos, Matt and David sit down with trade expert Lori Wallach, Director of Rethink Trade at the American Economic Liberties Project and a senior advisor to the Citizens Trade Campaign.  Lori breaks down how Trump’s "rando" policies have created confusion for businesses, investors, and even trading partners, often serving corporate interests or foreign political drama rather than American workers. From the surprise shutdown of a notorious import loophole to the murky reality of deals and exclusions, they reveal the real impacts on manufacturing, prices, and policy—plus the performative side of trade announcements that keep everyone guessing and frustrated.Love Organized Money? Support us! Go to OrganizedMoney.fm to sign up for updates videos, and more. We're an independent podcast supported entirely by our listeners, so your donations help us keep the lights on. 

Last week, the journalist Sohrab Ahmari broke a story titled The Antitrust War Inside MAGA: Powerful Lobbyists Are Battling Populist Reformers. In it, he reported that the recent $14 billion deal in which Hewlett-Packard acquired its competitor, Juniper Networks, was quietly shepherded along with help from the Justice Department, complete with martini-sipping backroom deals. Two attorneys within the department who objected to the shady procedural maneuvers were reportedly fired.Today on the show, Matt and David bring Ahmari on to unpack the situation, what it could mean for antitrust policy under the second Trump administration, and whether this signals the end of populist influence within the MAGA movement.Love Organized Money? Support us! Go to OrganizedMoney.fm to sign up for updates videos, and more. We're an independent podcast supported entirely by our listeners, so your donations help us keep the lights on. 

In this episode of Organized Money, hosts Matt Stoller and David Dayen are joined by journalist and author Bridget Read to unravel the shadowy world of multi-level marketing (MLM) and pyramid schemes. Drawing from Bridget’s new book,  Little Bosses Everywhere, How the Pyramid Scheme Shaped America, they explore how companies like Amway, Herbalife, and Mary Kay built vast empires by selling not just products but the promise of entrepreneurship and financial freedom—when in reality, most participants end up losing money. The conversation reveals MLM’s deep ties to American politics, highlighting how the industry helped shape the modern conservative movement and evade federal regulation, with figures like the DeVos family fueling both business and political influence. From cult-like positive thinking and self-help roots to the exploitation of vulnerable communities, the episode exposes how the allure of “being your own boss” often conceals a cycle of extraction, false hope, and systemic harm that reaches far beyond personal finances—shaping culture, politics, and the American dream itself.Like Organized Money? Support us! Go to organizedmoney.fm/donate and help us keep the lights on. 

Costco is a great place to buy bulk toilet paper, cheap hot dogs, or even a mortgage—but for some customers, their recent Coscto experience has felt a little off, especially when dealing with their vendors. In this episode Matt and David  talk with Steve Hunt, a Costco customer service worker and former Oklahoma City mayoral candidate, about how private equity takeovers of vendors selling everything from water delivery and window blinds, to discounted event tickets through Costco are quietly eroding product quality and customer service. What looks like the ultimate consumer haven is, in fact, a view into how private equity’s cost cutting tactics are degrading everyday services, exploiting Costco’s reputation for trust, and leaving customers and employees stuck in the middle. Check out Steve's substack and his article: New York City: The Extraction Engine, the Extreme Center, and the Hollowing of Oklahoma City or Dasha Nekrasova vs. Woody Guthrie.Like Organized Money? Support us! Go to organizedmoney.fm/donate and help us keep the lights on. 

In this episode, a rare piece of good news in prescription drug pricing. Matt and David speak with Antonio Ciaccia, president of 3 Axis Advisors and architect of Ohio’s Medicaid pharmacy overhaul, and Benjamin Jolly, pharmacist and advocate with the American Economic Liberties Project. Together, they unpack how Ohio kicked pharmacy benefit managers (PBMs) out of its Medicaid program, saving $140 million in just two years, paying pharmacists fairly, and making it easier for patients to get their medicine.Antonio shares how he uncovered hidden costs and sparked a legislative revolution, while Benjamin explains why this model is spreading to states across the country and the political divide.  If you love Organized Money, support us! Donate at OrganizedMoney.fm