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2min chapter
Explaining Macroeconomics, The Fed, Interest Rates and Valuations (with Matt McBrady)
ACQ2 by Acquired
The Securitization Market Is Not a First Order Driver of Making More Loans
Banks don't carry a big debtload on their ballads sheet in the way that they sort of classically always have, because they don't actually own the debt that they're lending out. So in the old days, it was is loan and hold,. or originate in whole banking that was like o had loan officer as they went around. And now, on the other hand, the securization market its literally, let's find a thousand ben inks, let's make short term loans to them, sort of extend the money to them, but i'm expecting to then get that right back.
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