illiquid assets with daily liquidity
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Mar 18, 2020 by James Aitken · across every show →
Everything said about illiquid assets with daily liquidity, oldest first
Mar 18, 2020 bearish
Aitken: Financial risk has shifted from banks to non-bank institutions
“Over the past 12 years, we have, as intended, transferred all the risk to non-bank financial institutions. So the risk is now in non-bank financial institutions and often in vehicles that own illiquid assets with daily liquidity, which is absolutely absurd.”