2min chapter

The Fifth Column cover image

#398 w/Allison Schrager - "The Horrible, No Good Economy: A Primer”

The Fifth Column

CHAPTER

Credit Default Swaps

Michael Wolraich: Bear Stearns could have muddled through for a while. He says they bought bonds that fell in value and it's not clear they'll ever go back up in value. The bank had among the most, if not the most amount of long-term treasury debt at a time when rates were different 18 months ago than now. "They just hadn't really done anything," Wolraich says.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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