Podcasts Culture 9.3-2 The other one word I want to say to you, are you still listening? Just about. Disaggregation.

9.3-2 The other one word I want to say to you, are you still listening? Just about. Disaggregation.

Published: Aug. 1, 2021, 12:27 p.m.

In part two of aggregation-disaggregation, we return to the story of CDOs and how risk that was supposed to disseminate ended up in the hands of a few.  From there we talk about how regulators responded, switching to a centralised control model.  The upshot is disaggregation as banks interpret dictates.  We see similar challenges when governments switch away from values-based rhetoric to excessive rule-making. 

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