Too Big to Disappear
Slate Money
00:00
What's Going on the Mercial Paper, Baby?
i think the main reason is just t sheer size of the debt, right? They've managed to bring that down to about 305 billion right now. But 305 billion dollars of debt is just completely bezonke's amount of debt. That's the one bit of it i haven't seen. The leverage seems to be much more at places like evergrand, which, i mean, it's insane. It was this crazy, ultra levered bet which had to go wrong at some point. And you get crises when seemingly safe bonds default, not when like ultra risky bonds default.
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