3min chapter

Odd Lots cover image

Zoltan Pozsar and Perry Mehrling On The Historic Crisis Of Financial Market Plumbing

Odd Lots

CHAPTER

I'm Not Paying My Mortgage, but the Government's Paying the Mortgage

Perry: One of the things that you hear people say in terms of getting through this crisis, and it goes to what you were just talking about with for Baron Zilzahn. They have to keep cash in people's pockets while they're not working and so forth. That one person's cash outflows or another person's cash inflows is a concern. Perry: The Fed is trying to keep the short term money markets operating. And I'm just observing that it is happening to some extent in prime money market mutual funds. It's being backstop by banks.

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