Bailout Breakdown With Jim Chanos
MRKT Matrix
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Is This Really a Credit Transmission Device?
In the late summer of 1998, the LTCM crisis where you had, in effect, highly leveraged players who had bought long duration bonds. And I think that they were caught off sides, right? They had basically lent long and borrowed short. But this is really a funding problem at a select number of banks that just simply mismanaged banking 101," he says.
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