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Keeping it Simple | Ep. 24: We Don’t Need No Stinkin’ CFOs.

Keeping it Simple with Simplify Asset Management

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The Importance of Personal Responsibility in Banking

"I believe in personal responsibility as opposed to blaming somebody else," he says. "The question here is, and by the way, lending long versus short isn't a problem." He asks: Why didn't first republic hedge? Because if they've hedged any of that risk, they'd be fine because they have zero credit risk.

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