Unusual Whales cover image

Unusual Whales Pod #10: The Housing Crisis, Markets, and Real Estate

Unusual Whales

00:00

Is That Really the Biggest Wall Street Story?

The problem is the person holding the bag doesn't even know they're holding the bag, right? These systemic institutions clearly, you know, I love the London whale episode with Jamie Diamond who's supposed to be the smartest banker in the world. So what I know from Bear Stearns, I think it's a great example. You've got a highly levered firm that is tipping in and out of bankruptcy, and they did not know it. Once they did, they got the hell out. They just got it. And that's what's going to happen, I think, at some point. Somebody's going to see, and you keep bringing up the London episode. It's

Play episode from 54:13
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app