financial firms
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 12, 2019 by Stephen Schwarzman · across every show →
Everything said about financial firms, oldest first
Nov 12, 2019
Schwarzman: Financial firms collapse when wiped-out equity triggers lender runs
“The way financial firms work is that if you have no equity, and people have lent you money to support Your balance sheet, and they realize there's nothing underneath them, then they panic and call their loans, and everyone calls them at the same time, more or …”