Asset-backed loans allow junk borrowers to raise more money. But they also mean that Hertz was vulnerable to collat… https://t.co/cXL8ZvUGMQ
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin Cartens @BIS_org op-ed in @FT