Money Stuff: The Podcast · Friday, July 24, 2026
The Treasury Department is reportedly considering action against a growing trend of "3:51 exchange" ETFs, which wealthy families are using to defer capital gains taxes on appreciated assets. Bloomberg News identified over 100 such ETFs, including those linked to the family behind Hot Pockets and the GameStop saga.
“The Treasury Department considers some of these products as abusive and is looking at its tools tools that has available to address this proliferation.”
“One of them is the guy who invented the hot pocket.”
“Yeah, the family behind the hot pocket gay plot in sure of Game Stop fame, and then the one Yet.”