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Keeping it Simple | Ep. 24: We Don’t Need No Stinkin’ CFOs.

Keeping it Simple with Simplify Asset Management

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The Fed Takes the Vol Risk and the Rate Risk From the Private Sector to the Public Sector

The Fed took the vol risk and the rate risk from the private sector to the public sector, he says. First Republic made a loan for 30 years with a five year fix on the front end that trades in the market, both five year arm, they trade like water. The bank could have done an easy 10 year swap and locked in a profit on the thing, Mooher argues.

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