Repo Market Insights
The discussion reveals the intricate operations of Bear Stearns, highlighting their ownership of a mortgage company and an online lending platform. The complex layering of subprime loans into securities and collateralized debt obligations showcases how they managed risk while funding daily operations through the repurchase market. This deep dive into the repo market underscores the extraordinary vertical integration in financial practices leading up to the crisis.In this clip
From this podcast
EconTalk
Willaim Cohan on the Life and Death of Bear Stearns
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