AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min chapter
How middlemen took over the economy
The Gray Area with Sean Illing
The Fed's Supply Chain Fortilities
We used to have community banks, and they really used relationships to make lending decisions. Then there weas suddenly this massive consolidation where the biggest banks were playing a much, much bigger role in the overall financial system. And that led to securitization and helped facilitate these really long and complex supply chains. But it also introduced a lot more fragility. It meant that once, like things started to go bad, nobody had the information going back to the fed.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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