Episode 54 • • 1:12:18 - 1:14:34
54: Obama Armbands
Global Economic Order, Ben Bernanke and Covered Bonds
Federal Reserve Chairman Ben Bernanke's recent statements suggest a shift toward a new global economic order involving government-backed "covered bonds." This move follows the effective nationalization of Fannie Mae and Freddie Mac. The discussion highlights the increasing role of explicit government guarantees in the mortgage and bond markets.