1. Thank you for the clarification; that is good background. I see now how mathematics fits into the equation. Fascinating. Thanks so much for all the great videos – especially on science.

  2. Hi @TheGreenGrappler, it was 'selling' liquidity – loaning money to banks, and seeing what they would offer as collateral in return, while at the same time designing the process so that the banks had to give a true picture of how much they valued the loans. See PaulKlemperer [dot] org for academic papers on the subject.

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