Discover and read the best of Twitter Threads about #fincrisis

Most recents (2)

We know that financial crises come from innovations of short-term bank/bank-like debt that move outside of/more quickly than the regulatory regime. So, where might the next one come from? A case for the answer being right there in the name: #FinTech. An ongoing thread...
Many firms providing digital payment services have large cash balances attributable to their customers who have left money “in” the app for ease of use. This cash is often deposited in banks with interest accruing to the firm...
...This muddies the picture of short-term funding for bank regulators and provides an extra link in the chain that can leave the financial system vulnerable to runs. There are several possible mechanisms...
Read 18 tweets
Carole asks Luke: when did Trump cross your radar?

Luke: summer 2016. When Manafort became campaign manager whom Luke had met in Ukraine who was consultant transforming Yavchenko. What was he doing in Soviet Empire?? He was best connected political lobbist in area. Pre-Steele!
.@lukeharding1968 was investigating Deutsch Bank. DB kept lending even after Trump sued DB for losses arising from #FinCrisis. Dec 2016 Luke met Christopher Steele who said, Follow the Money, Follow the Sex #BylineFest @BylineFest
Read 28 tweets

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