Undermoney (guest: Jay Newman)
The Market Huddle
What Does That Mean for Mexican Debt Mygh?
The mexican debt mygh, trade 65 cents in the dollar. That's when they decided to get serious about banks posting reserves against these assets. And then they eventually encouraged all the banks, they kept rates even a little bit lower,. trying to get them to write these things off. The start of that whole problem, that vulkar was the was the f o m c chair at the time.
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