Uncovering the Truth of the 2008 GFC | The Snider Series | Episode 4 (WiM097)
The "What is Money?" Show
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Barsterns
Bar sterns got to the brink of bankruptcy and insolvency, not because it was losing money from no borrowers who weren't paying on their mortgages. Bersterns didn't have enough collateral to survive the revaluation of the collateral they had been using. That's what brought leman. brothers failed because it couldn't meet j p morgan's collateral call. A i g failed sit couldn't make tripateripo collateral calls. Well, them. So interesting em and that that is mechanically how the tide goes out as expectations now shift towards this continuous downdraft.
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