Fun with CLOs
Frank Partnoy has an important and unsettling piece in The Atlantic about how CLOs (securitized syndicated loans, in short) might be at the core of the next bank meltdown, which he sees coming as soon as later this year. Because 2020 was starting to get dull ...
here's the retort from the MMTers:
https://nathantankus.substack.com/p/is-there-really-a-looming-bank-collapse
Posted by: root of all evil is the central authority, which prints the money. | June 18, 2020 at 04:55 PM