00:00Because I'm also joined by Ray Locker, author and security expert, joining me from Washington, D.C.
00:06As Rohit said there, Mr. Locker, thanks for joining us.
00:09But Rohit's saying that, look, multiple investigations are going to take place.
00:13This is a major security breach.
00:15Serious questions will be raised over oversight, over the possible role of the Trump administration.
00:21How much did they know about this?
00:23Do you believe that this is not the last that we've heard of it?
00:26And this could go much further and much higher in the food chain, if I may call it, or certainly
00:32in the power chain?
00:34Oh, absolutely.
00:35I mean, Jensen Wang's future is the least of it.
00:38And the affair is the least of it, or the affairs.
00:42You have all sorts of ramifications here.
00:45What did the U.S. government know about this?
00:47You know, what did Trump do?
00:48What did Commerce Secretary Howard Lettnick do?
00:51We're seeing him being named as somebody who kind of put the kibosh on any kind of limits to the
00:57sale of NVIDIA chips.
00:59I mean, that's all very damaging.
01:01And all it takes in a situation like this is for one thing to break the seal, and then everything
01:07spills out.
01:08And I think we're going to see that over much of 2027, because the implications of this are huge.
01:15I mean, what if you're a bank or somebody who's leveraged against NVIDIA stock, and this stock plummets?
01:21Then it creates ripple effects throughout the entire economy.
01:24And then there's a run on all sorts of things, like we saw, you know, with the financial crisis in
01:292007, 2008, etc.
01:35You know, we're already seeing the share price of NVIDIA falling by 10% in the U.S. markets.
01:40So there's the economic angle, but there's also the security angle.
01:46Just how much, who knew how much?
01:49Do you believe that Congress, particularly now that the Democrats are dominating the Congress come January,
01:55will push for an even deeper investigation into the entire NVIDIA affair?
02:01Oh, absolutely.
02:03I mean, look, politically it's good for the Democrats, because it makes Trump look bad.
02:07That's obvious.
02:07But the ramifications are far deeper than any kind of political view of this or partisan gain.
02:14I mean, this could cripple big chunks of the U.S. economy.
02:17We need to know, as a nation, why these things happen and how to prevent them from happening in the
02:23future.
02:28You know, prima facie, though, what does it appear to you?
02:33A massive intelligence failure?
02:34Is that what it appears to you?
02:37Is it just one man and his wrongdoing that's being exposed?
02:42Or is it just as during the midterm campaign in the U.S., it was suggested many tech billionaires are
02:48getting away much too easily?
02:51What does this suggest?
02:52What, you know, prima facie, what does the entire case suggest to you there, Mr. Locker?
02:58Well, in one case, I mean, it's like people like Wong has been seen as too powerful to challenge.
03:05And so there's a cult of personality that comes up around many of these leaders.
03:10Oh, they're so wise.
03:11Let's look at, let's dress like Jensen Wong and I'll wear a black leather jacket.
03:15You know, let's idolize these people.
03:17Well, they're only human.
03:19And just because you're good at designing a chip for a computer doesn't mean you're all seeing and all powerful.
03:25And that's something that needs to, I think, be stopped in terms of like, let's have some perspective here.
03:31But, you know, the intelligence failures are massive, particularly when it comes to the executive branch and the president and
03:39the commerce secretary really not doing anything about this.
03:43Because in many cases, the people in the intelligence community did their jobs.
03:47They said, who is this woman who's hanging around with Jensen Wong?
03:51What company does she run?
03:52What are the deals, details of this company?
03:55You know, where are our chips going?
03:57They were asking the right questions and bringing up the right, you know, information to Trump.
04:02And he just ignored it.
04:04And the ramifications of that are severe.
04:11Ramifications are severe and could go well beyond Jensen Wong and even touch, as you're saying, the Trump administration.
04:18Ray Locker for joining me there from Washington, D.C. to give us some context in this big breaking story.
04:24We appreciate you joining me here on the show tonight.
04:28Thank you very much.
