The Future of Big Finance: A Discussion with Anastasia Nesvetailova
New Books in Critical Theory
00:00
Satin and Shura: A New Innovative Way to Manage Risk
The practice helped JP Morgan to thrive in the industry. It really changed the market, it became very useful for their own purposes of balance sheet management. But when by accident similar contracts were starting were started to be issued for mortgages and subprime mortgages then it became systemically problematic. And overall, it became a snowball risk that imploded in 2007.
Transcript
Play full episode
