The GOP Death Wish

Interview with Kurt Gerwitz

Professor Kurt Gerwitz discusses Fitch’s downgrade of U.S. credit worthiness. In Gerwitz’s finance class, a significant project involves students delving deep into the research of a publicly traded company in Colorado. In the previous semester, the class focused on Pure Cycle Corporation, a publicly traded water utility in competition with Denver Water. This exploration led the students to gain insights into various interconnected subjects, including land development, interest rates, and the intricate ways capitalism influences and empowers diverse economic transactions. Recently, Gerwitz engaged with “The China Hustle,” a documentary investigating instances of securities fraud committed by Chinese firms within the US stock market. While acknowledging the dissimilarity between the situations, Gerwitz draws a connection between the documentary and the recent incident involving Silicon Valley Bank. He does so by emphasizing the common thread of prevailing socialist ideals contributing to both security fraud and the downfall of the bank.