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Inside the Financial Storm: Expert Randy Woodward Unravels the Terrifying Truth of Credit Risk

Lead-Lag Live

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The Fed Takes Over Repo

Sally Kohn: The Fed spent all those years trying to kill LIBOR and sell SOFR. Well, then all of a sudden repo blows up. It goes up an intraday to 10%. And that's how they're controlling rates is they control all lending and borrowing rates on the short end for the whole system. She says new debt based off SOFR is going to be at a much wider spread than it has been in the past because they have to try to get any possible stress from that loan or from that borrower.

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