AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Uncovering the Truth of the 2008 GFC | The Snider Series | Episode 4 (WiM097)
The "What is Money?" Show
The Canary in the Coal Mine
The three months libare, which is the london inter bank, offered rate, increased 12 basis points. That meant that for more than a month, euro dollars were in very short supply as libor persisted above its pevio structurally apparent relationship. At the same exact time, federal funds were overly plentiful. And thus the geographic fragmentation that eventually led to the panic was opened, never to be resolved by a policy making framework incapable of understanding exactly what happened.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode