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#1021 Caitlin Long On Building A New Bank That Doesn’t Rely On Leverage & Lending

The Pomp Podcast

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Fed Wire

A fed wire performs about 200 million transactions per year, averaging about five on dollars per transaction. That results in roughly one quadrillion dollars in annual gross settlement value. Most people never touch fedwire because it's a high value payment system where you need to try to get faster settlement. Oneo the challenges with bedwire is that you cannot programm it.

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