Bloomberg News Senior Wealth reporter Heather Perlberg wrote it. It is one of our most read stories on the Bloomberg today. So what they are is a system of 11 banks that is sort of a depression era relic. Now it's turned into this arcane kind of web that is really helping finance banks, helping them with daily liquidity management and doing lots of things that have nothing to do with housing.
Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia’s pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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