Wealthion - Be Financially Resilient cover image

Financial & Social Crisis Brewing Due To Flawed Leadership? | Bethany McLean

Wealthion - Be Financially Resilient

00:00

The Shadow Banking System

John Avlon: Money market funds are a classic example of shadow banking. He says they're not supposed to be guaranteed by the government, but end up being bailed out when there's a crisis. The Fed has had in both the 2008 financial crisis and in the pandemic extend credit lines to central banks around the world, he says.Avlon: It's this giant shadowy system of interconnections that are pivotal to the functioning of the financial markets.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app