Uncovering the Truth of the 2008 GFC | The Snider Series | Episode 4 (WiM097)
The "What is Money?" Show
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Money Markets Have Never Regained Their Hierarchical Condition
Libor had barely moved for years in relate to the spread to libor to federal funds. It really came to be thought of as this is just one global market whole, because there's obviously money outside the us, as free funds inside the united states. And so august ninth two thousand seven was on the day the thing exploded and began becam too seriously. Money markets have never regained their hierarchical condition.
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