
Ep. 337 - DeFi Deep Dive w/ KAVA Labs CEO & founder Brian Kerr
CRYPTO 101
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Is There a Problem With Corporate Bonds?
A lot of flexibility bankers had when they made different security products. They could take a really good quality debt, say a corporate bond from apple, and par it with some really bad debt,. Like credit card debt, or something that has really high risk. And what they then could do is, if they put those two things together, they could sell it, ask the average risk. Ah, as as things got smaller, like teysey, what they would do, as they'd stuff more and more bad debt into smaller percentages. So it was like hidden within these baskets of debt. But because a that was just sort of rampant across the financial industry, a lot of people were buying
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