Michael Green: Evolving Market Structures and COVID-19 (EP.05)
Infinite Loops
00:00
The Agency Problem in a World of Uncertainty
The agency problem that has been with us for a long time. And it's, again, now we're back in kofka territory. The street sought t buffet, thinking that he would be able to price this,. He somewhat innocuously sold these puts and extracted terms by which he would not have to post collateral when those trades went against him. This was actually the original nexus of the buffet trade That occurred in late two thousand six, early two thousand seven.
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