Orange County Discovers Repos
Lecture no. 67 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 04 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Make sense of the bankruptcy of Orange County, California, with a look at repurchase (repo) agreements: where one party sells an asset it agrees to buy back later, at a higher price.