22: The Unbearable Brightness of Being a Shadow Bank
Odd Lots4 Apr 2016

22: The Unbearable Brightness of Being a Shadow Bank

A high-flying hedge fund manager lost everything back in 2007 after an accounting scandal prompted investors to pull money from his $12 billion fund. Almost a decade later, Dan Zwirn has been cleared of all wrongdoing by U.S. securities regulators and is busy rebuilding his investment empire, specializing in lending to companies that don't usually have access to traditional bank financing. Zwirn's new fund, Arena Investors LP, is one of a crop of so-called shadow banks seeking to plug a financing gap exacerbated by the financial crisis and new regulation. Max Abelson of Bloomberg News co-hosts this week's episode, in which we talk the pros and cons of non-bank financial intermediation.

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Episoder(1191)

45: Why A Whistleblower Walked Away From Over $8 Million

45: Why A Whistleblower Walked Away From Over $8 Million

Could you walk away from a reward of over $8 million? The guest on our latest episode of the Odd Lots podcast did just that. Eric Ben-Artzi was a risk officer at Deutsche Bank who concluded that his b...

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44: What a 12-Year Knows About Money That an Economist Doesn't

44: What a 12-Year Knows About Money That an Economist Doesn't

"What is money?" This seemingly simple question has the ability to drive people crazy. Is it a unit of account? Is it something about exchange? Does it have to be blessed by the government or backed b...

2 Sep 201632min

43: Seinfeld Can Teach You Everything You Need About Economics

43: Seinfeld Can Teach You Everything You Need About Economics

The hit show Seinfeld is often referred to as the show about nothing, but maybe it's actually a show all about economics. Alan Grant is an associate professor of economics at Baker University and a pr...

29 Aug 201621min

The Millennial Generation Is Stagnant And Older People Are Part

The Millennial Generation Is Stagnant And Older People Are Part

In developed economies, younger generations have faced stagnant wages, mediocre employment prospects and dizzying costs of homeownership. One culprit: The generations that came before. Policies that h...

22 Aug 201626min

41: Billionaires Help Tell the Story of Brazil's Boom and Bust

41: Billionaires Help Tell the Story of Brazil's Boom and Bust

The 2016 Summer Olympics in Rio de Janeiro have been tainted by protests, economic slowdown, and a massive political scandal. In this episode we take a look at Brazil's boom and bust as told through t...

15 Aug 201631min

40: Why Summer Has Just Gone on Sale

40: Why Summer Has Just Gone on Sale

This week is the summer edition of Odd Lots and we're talking about the market forces shaping the price of two essential ingredients for any pool party: inflatable toys and barbecue meat. Bloomberg Re...

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39: The Insurance Market for Modern-Day Pirates

39: The Insurance Market for Modern-Day Pirates

This week Odd Lots takes to the high seas to discuss how modern-day pirates in the form of illegal fishers are able to take out insurance policies on their blacklisted boats. We speak with Dana Miller...

29 Jul 201621min

38: The Fed Made a Massive Mistake Letting Lehman Go

38: The Fed Made a Massive Mistake Letting Lehman Go

There's nothing better than financial crisis hindsight and earlier this month we got a big dose of it in the form of a 218-page paper by Laurence Ball, Department of Economics Chair at Johns Hopkins. ...

25 Jul 201626min

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