DiscoverThe Majority Report with Sam Seder3601 - Private Equity's Favorite Democrat w/ David Dayen
3601 - Private Equity's Favorite Democrat w/ David Dayen

3601 - Private Equity's Favorite Democrat w/ David Dayen

Update: 2026-03-16
Share

Digest

The podcast begins with a personal reflection on cat companionship, contrasting it with dog ownership. This is followed by advertisements for Smalls Fresh Cat Food, NutriFall hair growth supplements, and WildGrain bake-from-frozen products. The main discussion then shifts to geopolitical issues, including tensions surrounding Iran, the Strait of Hormuz, military strategies, and the FCC's role in war coverage. The conversation also touches upon Iran's nuclear ambitions and international alliances. Later, the podcast delves into a rare bipartisan housing bill, analyzing its provisions, particularly the \"build to rent\" aspect and its impact on private equity. Senator Brian Schatz's opposition to this provision is examined, along with concerns about his leadership ambitions. The discussion broadens to include anti-tax sentiment within the Democratic Party and an update on the Live Nation antitrust case. The episode concludes with a reminder about listener support and promotions for other podcasts.

Outlines

00:00:00
Personal Reflections and Product Promotions

The speaker shares a personal journey of realizing their preference for cats over dogs and even people, attributing it to a strategy of making their cat's food appealing. This is followed by advertisements for Smalls Fresh Cat Food, NutriFall hair growth supplements, and WildGrain bake-from-frozen subscription boxes, highlighting their features and offering special discounts.

00:03:21
Geopolitical Analysis: Iran, Strait of Hormuz, and Military Strategy

The show introduces guest David Dayan to discuss political topics. The conversation then focuses on geopolitical tensions surrounding Iran, including US efforts to secure shipping through the Strait of Hormuz amidst rising oil prices. Military strategies, aerial and naval superiority, and the concept of \"shaping operations\" in the Strait of Hormuz are discussed. The FCC's stance on war coverage and the limited reporting on the Iran war are also examined.

00:14:03
Iran's Nuclear Ambitions and International Relations

Questions are raised about Iran's potential alignment with adversaries regarding nuclear weapons and the implications for international security and the Strait of Hormuz. A critical analysis of military tactics, including the effectiveness of drones and mines, is presented, alongside a discussion on US-Iran relations and the benefits other countries might gain from US actions against Iran. The speaker critiques Iran's response as an exercise of sovereignty.

00:20:23
Trump's International Threats and War Narratives

Donald Trump's threats towards NATO countries are analyzed in the context of his desire for shared international glory. The discussion also touches upon varying perspectives on US military casualties and the narratives surrounding prolonged conflicts and withdrawals.

00:24:40
Afghanistan Withdrawal Report and Product Advertisements

A review of a Republican committee's report on the Biden-Harris administration's withdrawal from Afghanistan, focusing on casualties during the Abigay-Tarris attack, is presented. This is followed by advertisements for NutriFall hair growth supplements and WildGrain bake-from-frozen products.

00:33:46
Bipartisan Housing Bill: Genesis and Provisions

The podcast returns to discuss a rare bipartisan housing bill, co-sponsored by Elizabeth Warren and Tim Scott. Its potential impact on the housing market, including provisions for affordable housing and zoning reforms, is explored.

00:38:29
Private Equity, \"Build to Rent,\" and Senator Schatz's Opposition

Donald Trump's executive order targeting private equity in the single-family home market is discussed, along with its inclusion in the housing bill. A detailed explanation of the \"build to rent\" provision, its restrictions on private equity, and the potential impact on the housing market are analyzed. Senator Brian Schatz's vocal opposition to this provision is examined, questioning his motives and effectiveness.

00:53:51
Concerns Over Senator Schatz and Democratic Party Strategy

Concerns are raised about Senator Brian Schatz's potential leadership ambitions within the Democratic party, citing past actions. The discussion shifts to a growing anti-tax sentiment within the Democratic Party, examining proposals for tax cuts and their potential impact on government services and fiscal policy.

01:15:36
Antitrust Case Update and Listener Support

A brief update on the Live Nation antitrust case is provided, highlighting ongoing state trials and new evidence. The importance of listener support for the show's operations, enabling commercial-free episodes, is emphasized.

01:19:34
Podcast Promotions and Closing Remarks

Promotion for the \"Left Reckoning\" podcast, featuring discussions on US labor and Zionism, and an upcoming interview about Molly Crabapple's book on the Bund, is presented. The hosts engage in lighthearted banter and address listener comments, concluding the broadcast.

Keywords

Cat Companionship


The evolving relationship between humans and cats, moving beyond traditional pet ownership to a deeper emotional connection, often influenced by lifestyle changes and personal preferences.

Fresh Cat Food


A category of pet food emphasizing high-quality, natural ingredients, often delivered directly to consumers, aiming to improve feline health and well-being.

Housing Bill


Legislation aimed at addressing housing affordability, supply, and market dynamics. This can include provisions for affordable housing development, zoning reforms, and regulations on investment in the housing sector.

Private Equity in Housing


The involvement of private equity firms in purchasing and managing residential properties, particularly single-family homes, often for rental income. This practice raises concerns about rent prices, evictions, and market accessibility for individual buyers.

Build to Rent


A real estate development model where single-family homes are constructed specifically for the purpose of being rented out, rather than sold to individual homeowners. This is often undertaken by institutional investors and private equity firms.

Geopolitical Tensions


Strained relations between countries, often involving military posturing, economic sanctions, or conflicts, impacting global stability, trade, and resource availability, such as oil supply.

Strait of Hormuz


A vital chokepoint for global oil transportation, located between the Persian Gulf and the Gulf of Oman. Control or disruption of this waterway has significant implications for international energy markets and geopolitical stability.

Iran Nuclear Program


Iran's efforts to develop nuclear technology, which has been a source of international concern due to the potential for weaponization and its impact on regional and global security.

FCC Broadcast Licenses


The Federal Communications Commission's authority to grant and revoke licenses for broadcast media. This power can be used to influence or regulate media content, particularly concerning national security or foreign policy issues.

Anti-Tax Sentiment


A political or public inclination to reduce or oppose taxes. This can manifest in various ways, from advocating for lower tax rates to opposing tax increases, and can influence policy debates and electoral outcomes.

Q&A

  • What is the speaker's personal realization about their preferences for pets and people?

    The speaker initially thought they were a dog person, then realized they were not, and subsequently developed a strong bond with their cat, ultimately concluding they are not even a "people person."

  • What are the key benefits of Smalls Fresh Cat Food mentioned in the advertisement?

    Smalls offers protein-packed recipes made with preservative-free, 100% human-grade ingredients, delivered to your door. It's recognized for improving cat health, with options to satisfy various cravings.

  • What is the significance of the bipartisan housing bill passed by the Senate?

    The bill, a rare bipartisan achievement, was co-sponsored by Elizabeth Warren and Tim Scott. It aims to boost housing supply and affordability by promoting manufactured housing, increasing funding for affordable housing, and incentivizing states to reform land use and zoning laws.

  • How does Donald Trump's executive order address private equity in the housing market?

    Trump's executive order aims to prevent private equity firms from dominating the single-family home market, particularly by restricting their ability to purchase homes for rental purposes without selling them after a certain period.

  • What is the "build to rent" provision in the housing bill and its implications?

    This provision restricts private equity firms from holding "build to rent" properties for more than seven years (extendable to ten with a tenant), after which they must sell at fair market value. This aims to curb institutional ownership of single-family homes.

  • Why is Senator Brian Schatz's opposition to the housing bill's "build to rent" provision considered significant?

    Schatz, a potential future Democratic leader, vocalized opposition to the provision, calling it "Soviet." However, he did not offer amendments or change votes, suggesting his actions might be aimed at signaling support to the private equity industry rather than genuinely altering the bill.

  • What is the emerging anti-tax sentiment within the Democratic Party, and what are the concerns?

    Some Democrats are proposing significant tax cuts, even for the middle class, which critics argue could undermine funding for essential government services like Medicaid and ACA subsidies, and potentially lead to a race to the bottom with Republicans on tax policy.

  • What is the latest development in the Live Nation antitrust case?

    States have restarted their antitrust trial against Live Nation after the Department of Justice settled. New evidence, including text messages from Live Nation executives, has emerged, and the case is proceeding to a jury trial, with potential for Kid Rock to be called as a witness.

  • What is the purpose of the "Left Reckoning" podcast promotion?

    The promotion highlights an episode discussing the history of US labor and Zionism and an upcoming interview with Molly Crabapple about her book on the Bund, a leftist, anti-Zionist Jewish movement.

  • What personal anecdote does the speaker share regarding their son's bar mitzvah?

    The speaker shares a heartwarming and emotional experience at their son Saul's bar mitzvah, praising his speech and its egalitarian sentiments.

Show Notes

Sam Seder and Emma Vigeland welcome David Dayen, executive editor of The American Prospect and co-host of the Organized Money podcast, to discuss his piece on Brian Schatz, Chuck Schumer's heir apparent in the Senate, who attacked a bipartisan housing bill solely to support private equity.

David's report: https://prospect.org/2026/03/13/brian-schatz-comfort-with-big-money/

Check out David's podcast: https://www.youtube.com/@OrganizedMoneyPodcast

 

The Congress switchboard number is (202) 224-3121. You can use this number to connect with either the U.S. Senate or the House of Representatives.

Follow us on TikTok here: https://www.tiktok.com/@majorityreportfm

Check us out on Twitch here: https://www.twitch.tv/themajorityreport

Find our Rumble stream here: https://rumble.com/user/majorityreport

Check out our alt YouTube channel here: https://www.youtube.com/majorityreportlive

Gift a Majority Report subscription here: https://fans.fm/majority/gift

Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/

Join the Majority Report Discord! https://majoritydiscord.com/

Get all your MR merch at our store: https://shop.majorityreportradio.com/

Get the free Majority Report App!: https://majority.fm/app

Go to https://JustCoffee.coop and use coupon code majority to get 10% off your purchase

Check out today's sponsors:

Today's Sponsors:

• JUST COFFEE: Go to https://JustCoffee.coop and use coupon code MAJORITY for 10% off your purchase!

• COZY EARTH: Go to https://cozyearth.com/MAJORITYREPORT for up to 20% off

• WILDGRAIN: Get $30 off your first box + free Croissants in every box. Go to https://Wildgrain.com/MAJORITY to start your subscription

• SMALLS: For a limited time, get 60% off your first order, plus free shipping, when you head to https://Smalls.com/majority

Comments 
In Channel
loading

Table of contents

00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

3601 - Private Equity's Favorite Democrat w/ David Dayen

3601 - Private Equity's Favorite Democrat w/ David Dayen