Jay Newman on the Hidden Story of How Money is Moved Around the World
Macro Hive Conversations With Bilal Hafeez
00:00
The World of Money Center Banks
For two to three years, lemon and bear sterns pretty much had this, you know, nason market to ourselves. Then all of a sudden, city bank started writing down his portfolio. And then the market really started roaring to life with a lot of competitors trading desks at the major banks like j p morgan and like city bank. But i was reading about somebody who had sued the republic of paraguay and had actually collected and seased assets of the central bank. I realized that under the right circumstances, if you had a debtor that could actually afford to pay, that the loans were enforceable. So i developed a business plan, and i went to my boss at and
Transcript
Play full episode
