AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Uncovering the Truth of the 2008 GFC | The Snider Series | Episode 4 (WiM097)
The "What is Money?" Show
The Collateral World Is a Multiplier
The collateral itself isn't just fungible in terms of the market price of it. It's fungible in who owns the damned thing? O no os. So in the securities lending world and the collateral world, there's actually a multiplier. And it's actually like fractional reserve, lending of collateral,. where the system creates additional collateral through re use and repledging - which only when times are good. Here you have another potential point of contagion and confusion.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode