Speaker 1: This is Gary and Shannon and you're listening to KFI
Speaker 1: AM six forty, the Gary and Shannon Show on demand
Speaker 1: on the iHeartRadio app. What does it all mean? We
Speaker 1: are bombarded with all this information. It goes back to
Speaker 1: when we knew these tariffs were going to kick into
Speaker 1: effect this week, Liberation Day and the like. The stock
Speaker 1: market has responded the way all the experts said the
Speaker 1: stock market would respond to uncertainty. What does it all mean?
Speaker 1: Kimberly Classing is joining us. Kimberly is Professor of tax
Speaker 1: Law and Policy at UCLA's School of Law. She also
Speaker 1: works for an institute that is studying this. She is
Speaker 1: a senior fellow at the Peterson Institute for International Economics.
Speaker 1: Joins us now kind enough to share her time with
Speaker 1: us and Kimberly, what does it mean for us? When
Speaker 1: we look at tariffs, we look at the slide on
Speaker 1: Wall Street. Of course that's more four oh one k territory.
Speaker 1: But in terms of what we're going to see with
Speaker 1: higher prices, from the growth free stores to car repairs,
Speaker 1: how are.
Speaker 2: We going to feel this?
Speaker 3: This is going to have a huge impact for consumers.
Speaker 3: And it's ironic that a president who was elected in
Speaker 3: part because people's discontent about inflation, has undertaken a policy
Speaker 3: that will directly increase costs for US households. Most estimates
Speaker 3: think that the full tariffs that he suggested over the
Speaker 3: past few weeks will add up to almost four thousand
Speaker 3: dollars in higher consumer costs. And that's going to be
Speaker 3: much much higher than anything that they can hope to
Speaker 3: get in tax cuts. And most of the tax cuts
Speaker 3: are simply extending current law anyway, So this is going
Speaker 3: to be quite painful. When people go to the store.
Speaker 1: When I hear about China and China retaliating today, they
Speaker 1: use the words like what was it? Raw earth metals?
Speaker 1: Things like that in your thing? What the hell is that?
Speaker 1: How does that translate? Well, it translates into batteries, it
Speaker 1: translates into car operating systems.
Speaker 3: Correct, that's right, And the retaliation in general should be expected,
Speaker 3: and many anticipated that countries would retaliate. The Trump tariffs
Speaker 3: are completely unprincipled. They don't actually bear any relation to
Speaker 3: foreign trading partners trade practices. Most tariffs on US products
Speaker 3: are actually quite low. The numbers that they put up
Speaker 3: earlier this week to try to argue that foreigners were
Speaker 3: tariffing our products were based simply on bilateral trade deficits.
Speaker 3: They really didn't have anything to do with foreign protection.
Speaker 3: So countries are understandably aggrieved, and Canada as well as
Speaker 3: China and many others. The Europeans in addition, have all
Speaker 3: either promised to retaliate or already in the process of retaliating.
Speaker 3: And this is going to hurt Americans, not just in
Speaker 3: terms of their consumption, like we just discussed earlier, it's
Speaker 3: really going to hurt the economy as a whole, as
Speaker 3: exporters face shrinking markets abroad, and as this puts a
Speaker 3: big monkey wrench into supply chains. Is you point out
Speaker 3: these critical minerals are crucial for clean energy production, and
Speaker 3: that's just one area where we're going to see a
Speaker 3: lot of disruption.
Speaker 1: All right, Yes, the term I was looking for rare
Speaker 1: earths those used in computer chips, electric vehicle batteries, like
Speaker 1: you've said, kimberly. Unfortunately, the news is not going to
Speaker 1: get better anytime soon. As we make our way into
Speaker 1: two car repairs and things like that in groceries, and
Speaker 1: it seems according to your institute, it seems like this
Speaker 1: is not going to hit everybody as equally. Can you
Speaker 1: hang on and we can talk about that and tackle
Speaker 1: that when we come back.
Speaker 3: YEP, sounds good.
Speaker 2: All right, great.
Speaker 1: We're talking to Kimberly Clossing. She's a senior fellow at
Speaker 1: the Peterson Institute for International Economics, and they've actually studied
Speaker 1: what these tariffs, how they're going to play out for
Speaker 1: us looking at what's going on on Wall Street, but
Speaker 1: in our real lives.
Speaker 2: We'll get into more of that week.
Speaker 4: You're listening to Gary and Shannon on demand from KFI
Speaker 4: Am six forty.
Speaker 1: President Trump sounding an upbeat note about the tariffs today,
Speaker 1: even as the stock market is doing what we have
Speaker 1: been reporting to you it is doing, following more than
Speaker 1: sixteen hundred points at times this morning, he said, I
Speaker 1: think it's going very well. He likened the United States
Speaker 1: to a sick patient in need of surgery and said
Speaker 1: the market drop after his announcement was to be expected.
Speaker 1: I don't know how much patience the president has. I
Speaker 1: would bet on not a lot, which is why I
Speaker 1: still have the question on the table, of the question
Speaker 1: of the endgame. This doesn't seem to be like a
Speaker 1: president who plays for the endgame, because when the endgame
Speaker 1: is realized for something like tariffs, you're looking at twenty thirty,
Speaker 1: forty years down the line to when things like production
Speaker 1: and factories and all that have the time and the
Speaker 1: infrastructure to move back to this country. If that's in
Speaker 1: fact what they do, I think it's a very idealized
Speaker 1: way of thinking that belongs or lived in the fifties
Speaker 1: and the sixties of by American and let's make everything here.
Speaker 2: And I love the idea.
Speaker 1: It's just that in twenty twenty five, with the way
Speaker 1: that we live in a global economy, it's hard to
Speaker 1: think about that in feasible terms, just in logistics alone.
Speaker 1: So I don't think this is a man that is
Speaker 1: long on patience. And I'm just wondering how many days
Speaker 1: of a hammering in the form of the stock market
Speaker 1: alone will he be able to withstand. And I know
Speaker 1: that the thinking is that these other countries, China and
Speaker 1: the like will come to the table and there will
Speaker 1: be an agreement worked out that benefits this country more
Speaker 1: than we're benefit right now by the tariff rules that
Speaker 1: are in place.
Speaker 2: But are they willing? I mean, who has more to
Speaker 2: lose or is.
Speaker 1: It that much of a give and take between us
Speaker 1: and the other global powers that we're talking about. I
Speaker 1: just don't know. I don't know where the goalpost is
Speaker 1: on that we're talking to. Kimberly Clossing. She is Professor
Speaker 1: of Tax Law and Policy at UCLA School of Law.
Speaker 1: She also is a senior Fellow at the Peterson Institute
Speaker 1: for International Economics. And Peterson has actually done a story
Speaker 1: or a study, I should say, a study about the
Speaker 1: tariffs on America's three biggest trading partners and who that
Speaker 1: will affect the most, And it seems like Peterson has
Speaker 1: found that it's going to affect the people who can
Speaker 1: least afford it the most.
Speaker 2: Kimberly, is that accurate?
Speaker 3: Yes, that's accurate. In the works that we've done, we
Speaker 3: found that the reason troiffts are regressive tax that they
Speaker 3: fall more heavily on poor and middle income cloud people
Speaker 3: is really pretty simple. Those are the people who spend
Speaker 3: most of their paycheck, and people further down in the
Speaker 3: income distribution also tend to buy more traded goods. So
Speaker 3: when you look at the share of income that they
Speaker 3: lose from tariffs, it's very large and burdensome. Whereas a
Speaker 3: rich person might be able to save a big chunk
Speaker 3: of their income, and because of that savings, they can
Speaker 3: insulate themselves from tariff because they won't be paying the
Speaker 3: tariff on the part of the income that they save.
Speaker 3: So I think this consumption hit is one of the
Speaker 3: many reasons you see the market going down. But one
Speaker 3: thing you should be aware of it with the market
Speaker 3: as well, is that the market is fully capable of
Speaker 3: thinking long term. It's a reflection of the future profits
Speaker 3: of the economy. What these big drops in the stock
Speaker 3: market are telling us is that the market itself doesn't
Speaker 3: believe in this long term story. So this is a
Speaker 3: a deeply wrong headed and misguided economic policy approach.
Speaker 1: If you were a betting person, is not what you do, Kimberly,
Speaker 1: but you're you're you are very well informed, obviously very
Speaker 1: well read and well researched when it comes to the economy,
Speaker 1: and like you said, the stock market not betting on
Speaker 1: on the endgame here. How how long can the market
Speaker 1: sustain this kind of these kind of days on.
Speaker 2: Wall Street before all hell breaks loose? You know, I
Speaker 2: think short.
Speaker 3: You're already seeing the hit in terms of their retirement
Speaker 3: savings and any assets they have invested in the market.
Speaker 3: I don't think this is going to turn into long
Speaker 3: term gain. I think if the President sticks with this strategy,
Speaker 3: it will turn into long term pain as well. And
Speaker 3: there have been countries that have tried these high tariffs
Speaker 3: over decades and they found it just makes them poor.
Speaker 3: Just ask Argentina or Brazil how they prospered under these
Speaker 3: types of import substituting policies. They've been firmly rejected did
Speaker 3: by economists for a reason. So I'm hopeful that the
Speaker 3: President will eventually give in on this and just realize
Speaker 3: that that policy is not saying the dividends that he'd
Speaker 3: hoped and learned something from these early days, because I
Speaker 3: think the longer he sticks with it, the more pain
Speaker 3: we're all in for as a country.
Speaker 1: All Right, Kimberly, Classing professor at UCLA Tax Law and Policy,
Speaker 1: the School of Law there, appreciate.
Speaker 2: Your time this morning. I know you're super busy, and
Speaker 2: thank you very much.
Speaker 3: Take care you too.
Speaker 1: All right, Coming up next, what are we rushing to buy?
Speaker 1: Because we are, we're rushing to buy things. Here's the
Speaker 1: short list, TVs, Soy, Sauce, Lululemon. We'll get into more
Speaker 1: of what you could run short on's the heck of
Speaker 1: a mix, right, it sounds like a nice afternoon to
Speaker 1: me get home, put on some Lulu La. I lost
Speaker 1: hours to the stupidest reality show yesterday, that Amy. It's
Speaker 1: which One, The Secret Millionaire. It debuted last week. It's
Speaker 1: the first season, and I don't know if it was
Speaker 1: just decompressing from real news for all day, but my god,
Speaker 1: I sunk into that thing yesterday.
Speaker 2: My couch was hurting. There's enough good ones on there.
Speaker 2: You don't have to watch the bad one, I know.
Speaker 1: But you couple that with some Lululemon and some soy sauce,
Speaker 1: and that is an afternoon on your big screen TV.
Speaker 4: Absolutely, you're listening to Gary and Shannon on demand from
Speaker 4: KFI AM six forty.
Speaker 1: We'll be hooking up with Amy King coming up at
Speaker 1: the top of the hour to talk all about the
Speaker 1: wiggle waggle Walk, which has become legendary around here. We
Speaker 1: all laughed and giggled at it the first year around
Speaker 1: or so years ago, and now we it's like a child, right, Amy,
Speaker 1: It's like one of our children.
Speaker 2: The wiggle waggle walk.
Speaker 1: We loved to wiggle and we love to wiggle and waggles,
Speaker 1: so we'll talk about it. Four space tourists who orbited
Speaker 1: the North and South Poles returned to Earth today. They
Speaker 1: splashed down here in the Pacific to end their privately
Speaker 1: funded polar tour. A bit coin investor Chun Wang chartered
Speaker 1: a SpaceX flight for himself and three others. This was
Speaker 1: in a dragging capsule outfitted with a domed window. They
Speaker 1: got three hundred and sixty degree views of the polar
Speaker 1: caps and everything in between. How cool. By the way,
Speaker 1: if you're wondering the price tag, they're not saying. Chun
Speaker 1: Wang will not say how much he paid for the
Speaker 1: three and a half day trip. They took off from
Speaker 1: Kennedy on Monday night, and then they returned today here
Speaker 1: to southern California. The first human spaceflight to circle the
Speaker 1: globe above the poles and the first Pacific splashdown for
Speaker 1: a space crew in fifty years. The people invited were
Speaker 1: Norwegian filmmaker Jeannick Mickelson, German robotics researcher Rabia Rose, and
Speaker 1: Australian polar guide Eric Phillips. They all shared the stunning
Speaker 1: vistas during their voyage. They said it was so epic
Speaker 1: because it's another kind of desert, just goes on and
Speaker 1: on all the way. All four suffered from space motion
Speaker 1: sickness after reaching orbit, but by the time they woke
Speaker 1: up on day two they said they felt fine. They
Speaker 1: cranked open the window cover right above the south pole.
Speaker 2: How cool is that? But also, what.
Speaker 1: Is motion sickness for four people in a capsule?
Speaker 2: What does that look like?
Speaker 1: I'm not curious enough to know about the polar about
Speaker 1: the poles?
Speaker 2: Shall we say to know?
Speaker 3: All right?
Speaker 1: Well, since President Trump announced these sweeping tariffs on imported
Speaker 1: goods on Liberation Day Wednesday, Americans have apparently been busy
Speaker 1: adding to kart.
Speaker 2: This is from the Wall Street Journal.
Speaker 1: They talked to one guy who promptly checked out with
Speaker 1: two hundred and forty four dollars worth of workout apparel
Speaker 1: from Lulu Lemon. Lulu Lemon, by the way, is a
Speaker 1: Canadian brand, so that is why people are stalking up
Speaker 1: on the Lulu Lemon.
Speaker 2: There was a sweater.
Speaker 1: He bought one hundred and fifty dollars sweater from House
Speaker 1: of Sonny, which is a UK brand. See this is
Speaker 1: where I am. I am woefully dumb. I have no
Speaker 1: idea about brands and where they come from. And I've
Speaker 1: never heard of House of Sonny and all of that.
Speaker 1: I'm very much into the target tank tops that you
Speaker 1: can get for seven to nine dollars.
Speaker 2: That's my jam.
Speaker 1: Let's see here they talked to somebody, Sean McKenzie. He
Speaker 1: ran out to buy three eight packs of Guinness, filling
Speaker 1: up on the refrigerator's vegetable drawer with cans of Guinness. Guinness,
Speaker 1: by the way, is having a big research a renaissance,
Speaker 1: shall we speak here in America at least a lot
Speaker 1: of people drinking Guinness.
Speaker 2: Again. The guy that they talked to that and I
Speaker 2: don't know if it's.
Speaker 1: A guy or a girl actually, or if we're even
Speaker 1: using a box of that nature because the name is
Speaker 1: Cedar Roach.
Speaker 2: Interesting name, Cedar Roach.
Speaker 1: Cedar says, I knew I was what was vulnerable and
Speaker 1: what I wanted, so I wasn't going to delay. Cedar
Speaker 1: Roach is a twenty two year old public policy major
Speaker 1: at smu OH. She She She said that the tariff
Speaker 1: news has been the talk of the campus, especially for
Speaker 1: its political impact on alcohol prices. Let me just go
Speaker 1: back for a minute there. Cedar is her name, and
Speaker 1: Cedar is twenty two. When you were twenty two, did
Speaker 1: you have that kind of money that would buy you
Speaker 1: lulu Lemon?
Speaker 2: No? Uh? That is that is crazy.
Speaker 1: She bought two hundred and forty four dollars worthout a
Speaker 1: work of worth, a workout apparel from Lululemon at twenty two.
Speaker 2: Wow, that's incredible.
Speaker 1: Maybe she's got a side job, Maybe she's selling her
Speaker 1: body to the night or something.
Speaker 2: What can't you live without? Let's do a little gas
Speaker 2: go around here?
Speaker 1: If things are running short, If she's Cedar is stocking
Speaker 1: up on Lululemon, and what's his name, Sean? Her boyfriend
Speaker 1: is stalking up on Guinness? Do we have our guests?
Speaker 2: Go around here? Kno, there we go? What uh?
Speaker 1: What can't you live without? I'll go, I can't think
Speaker 1: of something I can't live without?
Speaker 3: Right?
Speaker 2: What ConA? What can't you live without? I can't live
Speaker 2: without my hookahs? Hokahs? Okay, how many pairs do you have?
Speaker 2: You say? I have like four? I think four pairs
Speaker 2: of hokahs? And my wife has both. But she's a nurse,
Speaker 2: so it's like, oh, she.
Speaker 1: Lives in those yeah, and she probably has all different
Speaker 1: colors to match all the different colors of scrubs and
Speaker 1: all that is correct.
Speaker 2: Nah, that's cool. I love that.
Speaker 1: I love everything about being a nurse. That's just what
Speaker 1: you wear. I couldn't do any of the other stuff.
Speaker 2: They are.
Speaker 1: They are miraculous people to me who can do all
Speaker 1: of the things that nurses do. I do think I
Speaker 1: could wear the scrubs and the hokahs every day. That's
Speaker 1: where it ends. But that's on like a nice life, Amy,
Speaker 1: what can't you live without?
Speaker 4: Yeah?
Speaker 2: That's a tough one. Yeah, I mean really, what can't
Speaker 2: we live?
Speaker 1: Right? That's a very good You're like a Buddhist. You're
Speaker 1: a Buddhist, Amy. Happiness comes from within there you go, Keana,
Speaker 1: do you have something that you can't live without that
Speaker 1: you need to stock up on?
Speaker 2: Coffee? Coffee? Yeah, sounds like you need a little right now.
Speaker 1: I do have one, but it's almost empty, and one
Speaker 1: is not enough.
Speaker 2: No, it's not. No, I'm a curic. I'll probably go
Speaker 2: pop a gickup in there.
Speaker 1: And I had three shots of espresso before I woke
Speaker 1: up this morning.
Speaker 2: Before you woke up. This mainline that.
Speaker 1: If they if you could hook up an ivy to
Speaker 1: the to the side of my bed with espresso. I
Speaker 1: just put that needle in right away. Anyway, thank you,
Speaker 1: conem So. Anyway, people stocking up on things. I don't
Speaker 1: know if we're at the time for toilet paper yet.
Speaker 1: I hope, I hope not to That was a dark
Speaker 1: time and it wasn't. It didn't have to do with
Speaker 1: the toilet paper. It was the visuals of people lining
Speaker 1: up with toilet paper that was the most depressing thing
Speaker 1: of the whole thing, Like, what are we doing here, folks.
Speaker 1: We are better than this, We are better, we are
Speaker 1: we we are not we are not all right? Coming
Speaker 1: up next like timeshares needed more bad press. My god,
Speaker 1: I get what the kids call an I get anxiety
Speaker 1: thinking about sitting through one of those timeshare boondoggles that
Speaker 1: they have when you get a free room somewhere and
Speaker 1: they're like, oh, yeah, you just got to come to
Speaker 1: our little talk, our little meeting for half an hour.
Speaker 1: It's never half an hour. And all the people they
Speaker 1: send in and then the closers they send in, they
Speaker 1: never let you leave. It's like guantanamobey at those things.
Speaker 1: It's awful. And now they're holding timeshare owners hostage for
Speaker 1: trying to get out of them in Mexico. Not really,
Speaker 1: but we'll get to the nuances when we come back.
Speaker 4: You're listening to Gary and Shannon on demand from KFI A.
Speaker 1: So I was just texting with a friend about time shares.
Speaker 1: I asked him if I could share the story. He
Speaker 1: hasn't gone back to me, But hey, what would Tim
Speaker 1: Conway Junior? Do I think he'd share the story?
Speaker 2: He'd still share. You're damn right he would, Kiana. So
Speaker 2: time shares terrify me.
Speaker 1: It always sounded too good to be true before I
Speaker 1: knew what they really were.
Speaker 2: Like, you just get a cool place to.
Speaker 1: Go wherever you want to go for spending what five
Speaker 1: hundred bucks a year or something like that, Like I
Speaker 1: don't know.
Speaker 2: That was kind of the way I theorized it.
Speaker 1: It just sounded like, well, let's deal with this, and
Speaker 1: then when you go to one of those timeshare meetings.
Speaker 1: One of my best friends we went to Vegas one
Speaker 1: time and she.
Speaker 2: Said, oh, yeah, I got us a free room.
Speaker 1: I just got to sit through this this hour meeting
Speaker 1: where they're going to try to sell us on having
Speaker 1: a place there, And I'm like, it's an hour. How
Speaker 1: bad could it be holy hell, it could be so bad.
Speaker 1: You just honestly feel like Captain Phillips. You're sitting there
Speaker 1: and there's no way of leaving, and they keep bringing
Speaker 1: in new people and you're having to be fake and smile.
Speaker 1: And then at one point in that hour, which doesn't
Speaker 1: feel like an hour, it feels like four weeks, you
Speaker 1: start being fake.
Speaker 2: You start fake, you stop fake.
Speaker 1: Smiling because it's just it's getting to the point where
Speaker 1: it's tedious.
Speaker 2: I'm not interested. I'm not interested. Oh, let's bring in Susan.
Speaker 1: Susan comes in with her power Blazer and Susan's like, hey,
Speaker 1: so I hear you guys are thinking about it.
Speaker 2: Well, let me just tell you and they I mean.
Speaker 1: The salesmanship is incredit It really is a marvel if
Speaker 1: you go to a good one. These people are good
Speaker 1: at what they do. They're good at selling you on
Speaker 1: this stuff. Why because they like money. They make a
Speaker 1: lot of money. Let's see here one of my friends. Okay,
Speaker 1: so he says, I can share the story he heard.
Speaker 1: He teased this story. He said, we owned three time
Speaker 1: shares and paid a company to get out of them.
Speaker 1: Best decision, he writes, I was gonna sell time shares,
Speaker 1: you make huge money. He says, ten years ago, I
Speaker 1: talked to a guy who was selling him making two
Speaker 1: hundred and fifty thousand dollars a year. He was living
Speaker 1: in Hawaii. So there is money to be made off
Speaker 1: of you. And then so there's a nightmare of sitting
Speaker 1: through that that there's the slight enjoyment of when you
Speaker 1: buy into it.
Speaker 2: And you're like, oh, this is really cool. This is
Speaker 2: gonna be great for my husband and I.
Speaker 1: We're gonna go here, we're gonna go do this and
Speaker 1: it's gonna be wonderful, and it'll be like living in
Speaker 1: five star hotels. And that's the part that almost got me.
Speaker 1: It was like, oh, we're going to stand in really
Speaker 1: nice places. Okay, No, it's got to be too good
Speaker 1: to be true.
Speaker 2: Right.
Speaker 1: Well, there was a couple in Michigan that has finally
Speaker 1: been released. They spent a month in a Mexican prison,
Speaker 1: a real prison, not one of those hour long can
Speaker 1: we get you to buy into this boondoggle crap, a
Speaker 1: real prison because they had a payment dispute with their
Speaker 1: time share company. Oh my god, this is the worst
Speaker 1: of the worst, right Paul fifty eight year old Navy
Speaker 1: veteran and his wife, Christy sixty taken into custody after
Speaker 1: their plane landed in can.
Speaker 2: Kun a month ago. Today.
Speaker 1: Prosecutors there had accused this couple of defrauding their timeshare company.
Speaker 1: The couple has been released their criminal charges dismissed after
Speaker 1: they reached a reparation agreement with the company. As part
Speaker 1: of the agreement, the couple agreed to pay for damages,
Speaker 1: which would then be distributed to three nonprofit organizations. So
Speaker 1: it goes back to a twenty to twenty one timeshare
Speaker 1: agreement between the couple and the company called Palace Elite.
Speaker 1: This is a subsidiary of the Palace Company. The couple's
Speaker 1: family says these allegations against them are false.
Speaker 2: Of course.
Speaker 1: They say that they've successfully disputed charges with their credit
Speaker 1: card from a resort company that they claim breached their
Speaker 1: contract by failing to provide services. You ever look at
Speaker 1: the fine print or your timeshare agreement. I have no idea,
Speaker 1: but I would imagine it's voluminous. Is that the word
Speaker 1: a lot? There's a lot of fine print. That's what
Speaker 1: I bet. Paul says about their prisons day. We had
Speaker 1: no access to phones, Internet. They were cut off from
Speaker 1: each other for roughly a week. They told you what
Speaker 1: to do and when to do it. Christy said they
Speaker 1: had a language barrier. They didn't speak Spanish, so they
Speaker 1: didn't know how to ask for help or anything. They
Speaker 1: have emphasized their gratitude for the outpouring of support from
Speaker 1: US officials. She says, I don't even know how we're
Speaker 1: going to repay or thank people. But the company has
Speaker 1: has put out a statement. The Palace company and the
Speaker 1: couple agree that one hundred and sixteen thousand dollars, the
Speaker 1: amount that was contested by them and refunded to them
Speaker 1: by American Express, will be donated to the Bona Fide
Speaker 1: established nonprofit Mexico in Mexico benefiting orphaned children.
Speaker 2: Right like, that's going to happen, but it'll be interesting.
Speaker 1: The State Department is not weighed in the State departments
Speaker 1: as were aware of the situation.
Speaker 2: But we don't have the specifics. We're not ready.
Speaker 1: To comment on the specifics. All we know is that
Speaker 1: they were taken into Constady arrest warrants were issued after
Speaker 1: that criminal complaint was filed by the company alleging fraud.
Speaker 1: They claim that this couple canceled thirteen credit card payments
Speaker 1: to the hotel chain, totaling that one hundred and sixteen
Speaker 1: grand Now. Prosecutors did not elaborate on the evidence, but
Speaker 1: said that the activity constitutes fraud. They say the company
Speaker 1: failed to provide promise services a few months in their
Speaker 1: timeshare contract, so they filed the complaint with their credit
Speaker 1: card company, trying to get the refund of about one
Speaker 1: hundred and sixteen thousand dollars back in the payments. They
Speaker 1: argued that the company breached their contract. What it sounds
Speaker 1: like to me, not knowing all the details, is that
Speaker 1: this was a couple who thought they gained the system,
Speaker 1: who thought, oh, you're trying to screw me, No, screw you,
Speaker 1: and here's.
Speaker 2: How we're going to do it.
Speaker 1: We all know somebody like that in our lives, right,
Speaker 1: who's like, okay, so here's what you do. Now, here's
Speaker 1: how you get them right. And I think that was
Speaker 1: this couple, and then the timeshare was not playing ball,
Speaker 1: f around and find out right and landed them in prison.
Speaker 1: Don't mess the bottom line, don't mess with the timeshare.
Speaker 1: People don't buy into it, and you got to get
Speaker 1: out of it unless you.
Speaker 2: Enjoy it, then enjoy yourself.
Speaker 1: If it's working out great for you, good for you,
Speaker 1: that's wonderful, then the dream is real.
Speaker 2: Live and Let Live.
Speaker 1: Coming up next, Amy King Wiggle Waggle Walk.
Speaker 2: I'm excited. Do people still dress up? I don't know.
Speaker 2: I have so many questions. We'll find out. Amy King
Speaker 2: will join us.
Speaker 1: A big weekend there for the Pasadena Humane Society. We'll
Speaker 1: talk about it right here on Gary and Shannon.
Speaker 2: You've been listening to the Gary and Shannon Show.
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