Bailout Breakdown With Jim Chanos
MRKT Matrix
00:00
What's Systemic?
"What is systemic right now is the impact that higher rates will have on the entire economy specifically, I think on the banking sector," he says. "The reason these banks are down is because they trade on net interest margin and their cost of capital is going to move higher." The rating agencies never had down home prices in their model, John MacIntosh argues.
Transcript
Play full episode
