The Cockroach Theory (Oct. 19, 2025)

Welcome to the latest episode of Confessions of an Insider.

This week, we went on a deep, investigative mission into the financial underbelly of the auto industry.

The theme, inspired by a warning from JPMorgan’s CEO, was “The Cockroach Theory”—the idea that when you see one major failure, more are likely hiding in the dark.

We connected the dots between two massive bankruptcies, a Wall Street shadow banker, and the fear of a spreading crisis.

Here is what we’re covering:

THE SUBPRIME MELTDOWN: TRICOLOR COLLAPSE

  • Our investigation into the multi-billion dollar bankruptcy, the DOJ investigation into alleged fraud, and the $600M+ black eye it left on Wall Street banks.

THE PARTS SQUEEZE: FIRST BRANDS BANKRUPTCY

  • We break down the collapse of the auto parts giant, the CEO’s sudden exit, and its connections to a high-debt private equity model and the murky world of shadow banking.

THE EXPOSÉ: THE “COCKROACH THEORY”

  • We tie it all together, revealing the catastrophic conflict of interest at the heart of the crisis and explaining why these events are a warning sign of a much deeper problem.

For the full, in-depth investigation and analysis, listen to the full podcast episode embedded on this page.


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  1. […] The Cockroach Theory (Oct. 19, 2025) (Oct 19 – Podcast Show Notes) […]

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