> Burrito bonds represent finance doing what it does best: unbundling risk, pricing it granularly, and allocating capital more efficiently.
What finance does best is “creating financial crisis” actually and that's exactly with that kind of tools that it happens. It looks like 2008 is now far enough (17 years, wow tome flies!) in the past that finance people now feel comfortable acting as if it didn't happen…
What finance does best is “creating financial crisis” actually and that's exactly with that kind of tools that it happens. It looks like 2008 is now far enough (17 years, wow tome flies!) in the past that finance people now feel comfortable acting as if it didn't happen…