gary gordon, it's called taming wildcats, stablecoins.are talking about regulated currency that banks created. during this 25-year period 1/3 of all banks failed. they couldn't redeem their own notes. ominous. what lessons account 19th century teach us about stablecoins? let's check in with dr. gary gordon the frank class of 1974 professor of the yale school of management thank you to "mad money." >> thank you very much >> professor, i know many viewers are not familiar with stable dl coin but we're familiar with tether can you explain where stablecoins fit in and explain why yellen, powell and rosengrin are concerned about the concept of stablecoin. >> they're concerned because stablecoin issuers resemble banks. you give them $100 and they give you $100 worth of their coins with the promise that you can redeem your coins at any time one poor one soit's the one for one part which makes them bank like and which is why people get concerned about what's backing them as in the case of tether. >> well, you are an expert on what happened in 200

she has the experience and almost fatherly support of her coach and gary gordon. thomas kish is in charge of the german national high jump, the team having worked with young flies for over a decade. now you also provide some much needed confidence as, as my mind, especially then you recognize my weaknesses and helped me to improve. think on a home any between us, that's extremely important. come come fish beneficial for our work together and for our goal, i'm in the for the 2 of them have already been to the canary islands for whole training. this year. young flush has been using the time without competition to hold her, run out perfecting those all important fulton steps is crucial for her take off and the height she can clear and run up is very talented. in fact, you have to spend age is fine, but, and even then years later, it's not ideal. ideally, she just wants to be proving her talent on the big stage. and it could happen in may. if the pandemic gets in the way, again, it's tough to assess her current level of performance is jeff has no idea when you jump in

bed, bath, & beyond i think the turn is real there this is an emazing experience tech company and gary gordon, he wrote a serious paper last week with a fellow from federal reserve about are these stable coins stable and could they cause the next panic he's written more about the panic of our generation more than anybody and the paper is, let's say, frightening. >> that's a good tease >> stocks rebounding today, at least with yesterd'selofay sl f. we're back after this. on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing. keeping your oyster business growing has you swamped. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. whose resumes on indeed match your job criteria. there's interest you accrue, and interests you pursue. plans for the long term, and plans for a long weekend. assets you allocate, and ones you hold tight. at thrivent, we

. >> did you read the taming wall by gary gordon from yale it talks about tether being $62 billion stablet's basically unstable crypto goes down a great deal. i think people should be following crypto we should put dick quinn in the lower right-hand corner. bitcoin is another one of these weaknesses here's where i think the peak is going to come, when the robinhood deal. >> actually hits the market, $35 billion market value they filed their amended s 1 we've already read through that. >> where we understand their business, which we already had which is pay for order flow. 85% of revenues. isn't that the number? >> 20 to 35% of the shares, david, will be allocated to customers. now, are they being strong handed or weak handed? >> i don't know. there's some of the same customers, amc in particular, jim, has been making that move down to perhaps some would say a more rationale -- >> they did have a nice rally on friday to avoid the july 30 strike. >> they did. >> i wish bed bath went on that list, doing well sometimes we throw things on there. speaking of coming and going, bill ackman spac p

gary chamber of commerce. dr. chuck hughes, an executive director, dr. gordon bradshaw, chairman of the public policy committee for establishing the world civility day which was celebrated on july 8. in 2015, mr. hughes and dr. bradshaw created the community civility council initiative with the gary chamber of commerce and established the world civility day in order to encourage all individuals to be more mindful of our actions and to bring more understanding, more tolerance, and more listening and empathy into our society. i became a public servant in order to bring people together and solve problems, and that only happens when we treat each other with respect and civility. i commend mr. hughes and dr. bradshaw and all of the individuals and the organizations engaged in this initiative for their leadership to recognize the timely and worthy goals of world civility day. thank you, madam speaker, and i yield back my time. the speaker pro tempore: the gentleman from indiana yields back his time. the chair now recognizes the gentleman from tennessee, mr. rose, for

and you go back and read the stories and people like gary bauer who was a domestic policy advisor or gordon humphrey a conservative senator from new hampshire or saying this should not be an administration that gives people appointments based on their bedroom habits, you know, it's that's the level of ignorance and bigotry that really still existed even as late as you know going into the late 1980s. the reagan years were somewhat glamorous years in washington dc was hollywood on the potomac in many ways. president reagan cherished in relished his hollywood friends and seems that mrs. reagan did too. any influence that she brought into the white house social dynamic? that was particularly hollywood based for her years there. brought in a big glamor factor frank sinatra was a fixture it just about all sorts of events and it was such a contrast from the carter years. you know jimmy carter at one point banned the playing of hail to the chief because he thought it was too pretentious. so she not only brings back the the glamor factor. she courts the liberal georgetown scene where you know that e

gordon, thank you so much, i knew you would have the answers. bring back gary and david.ary, i saw your twitter handle on investing overseas. what do you do about something like this? how can an invest be hedged against something like this? >> i think you start by going overseas. people forget that some of the biggest regulatory risks in this country. try to drill for oil in california. try to set up a bank in the united states. you're better off in other areas around the world. the key to international investing is diversify. you never know a leader that is under pressure and tries to pick a fight and blame the foreigners but that can happen anywhere. charles: right. gary, would you sift through all of these ashes? some of these names are down like the educational stocks are down 70, 80%. would you be potentially a buyer of any of them? >> actually they're down 90 to 95%. look, i am watching them closely but i don't have the stomach. when you have a government that has taken out a big, gigantic hammer and smacking everyone of these companies over the head with dictates y