Dark pools are exchanges where people trade stocks anonymously. Senior Editor Paddy Hirsch explains how they work, and why the SEC is considering regulating them.
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The shadow banking system is a key component of the US economy, but the financial crisis has frozen it solid. Senior Editor Paddy Hirsch explains what shadow banking is and why it's important enough to warrant its own bailout, called the Term Asset-Backed Securities Loan Facility, or TALF.
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Marketplace Shanghai Bureau Chief Rob Schmitz is only the second reporter ever to gain access to visit the factory floor at Apple's Chinese producer Foxconn. See highlights from his tour of the assembly line and the Foxconn facilities and connect to his full audio reports on your public radio station and at www.marketplace.org. Marketplace is produced and distributed by American Public Media. Embedding this video on your website or blog? Please include the following credits Source Credit - American Public Media's 'Marketplace'. Reporter Credit - Rob Schmitz, Shanghai Bureau Chief Broadcast Rights: A high-res broadcast ready version of the video is available for television. If you are interested in gaining access, contact tschlosser@americanpublicmedia.org. Sharing this video on Facebook? Please tag "APM: Marketplace": www.facebook.com Sharing this video on Twitter? Please tag the following: @mktplaceradio (twitter.com @rob_schmitz (twitter.com ) Media/Press/Appearance/Booking Inquiries: tschlosser@americanpublicmedia.org Stay connected to all of Rob's Apple reports from China at: www.marketplace.org Video edited by Jeff Peters (c) 2012 American Public Media
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With interest rates in the US at historic lows, some economists are worried that Americans involved in the carry trade could drive down the value of the dollar. Senior Editor Paddy Hirsch explains how the carry trade works, and why some people are worried about its return to the markets.
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Credit default swaps? Theyre complicated -- and scary! The receipt you get when you pre-order your Thanksgiving turkey? Not so much. But they have a lot in common: Theyre both derivatives. Senior Editor Paddy Hirsch explains.
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A debate is raging in Washington, DC, about how to deal with Americas foreclosure problem. One proposal is to restructure the loans using a tool usually seen in bankruptcy courts: The cramdown. Senior Editor Paddy Hirsch explains.
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Its the title of a dubious financing transaction that Lehman Brothers used in 2008 to make its balance sheet look healthier than it really was. Senior Editor Paddy Hirsch takes a stab at explaining how Repo 105 worked. Hear more about the fallout of the Lehman report at Marketplace: marketplace.publicradio.org
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Smokers know their every puff harms their health, and yet they keep shelling out cash for the privilege of lighting up. Professor Kenneth A. Perkins, a professor of psychiatry at the University of Pittsburgh, delves into the behavioral economics of cigarettes, with video collected by Marketplace's Tim Werth
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Proprietary trading is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace's Paddy Hirsch explains what it is, and why it's potentially dangerous for our savings and the financial system.
Private equity funds are groups of investors that flip companies for a profit. It's the technique they use that makes them special, as senior producer Paddy Hirsch explains. Follow Paddy Hirsch on Twitter: @paddyhirsch More Whiteboard: marketplace.org/whiteboard
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Marketplace Money Senior Producer Paddy Hirsch explains why Europe need dollars instead of euros as the EU tries to sort out their financial problems. More Whiteboard: www.marketplace.org/whiteboard Follow Marketplace: @mktplaceradio Follow Paddy Hirsch: @paddyhitsch
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We keep hearing that the banks arent lending. The truth is they are lending and making a lot of money doing it, thanks in large part to one very special borrower. Senior Editor Paddy Hirsch reports.
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Hedge funds used to occupy a dark, undisturbed corner of the financial world, but over the last year theyve been thrown under the spotlight. Still, many people dont know exactly what hedge funds are, or what hedging actually means. Senior Editor Paddy Hirsch explains.
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Learn the difference between secured and unsecured debt -- a lesson that Irish taxpayers could use as they face the prospect of footing the bill for the bailout of state-owned Anglo Irish Bank.
If youve been following the problems encountered by the banks, youve probably come across the phrase toxic assets. Theyve poisoned banks balance sheets and brought them to the brink of failure. But what is a toxic asset, exactly? Marketplace Senior Editor Paddy Hirsch explains.
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Junk. Not a nice word. And when it comes to bonds, not a particularly accurate word, either. Junk is something useless, right? Something you want to toss in the trash? Well, "junk" bonds are definitely not useless. In fact they're extremely useful. Sometimes. Marketplace Money Senior Producer Paddy Hirsch explains what a junk bond really is. For more Whiteboard: www.marketplace.org/whiteboard Follow Marketplace: @mktplaceradio Follow Paddy Hirsch: @paddyhirsch
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Leveraging or borrowing has been cited as one of the contributors to the financial crisis. Senior Editor Paddy Hirsch explains how the move to deleverage or reduce debt is prompting wild market swings and concerns about deflation.
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Many small businesses get the cash they need to operate and expand from so-called factors. One of the biggest factors in the business is CIT, and with CIT on the ropes, small businesses are worried. Senior Editor Paddy Hirsch explains what factoring is, and how it works.
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Most economists agree that inflation of about 2% or 3% annually is a natural function of a growing economy. But people are worried government stimulus measures could spark much higher inflation. Senior Editor Paddy Hirsch explains.
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Big bets on an obscure index lay at the heart of JPMorgan's losses this week. Sr. Producer Paddy Hirsch explains how an index of CDS works.
With the government borrowing even more money, and pushing America's debt levels sky high, there's a lot of talk about a double-dip recession. Paddy Hirsch explains what a double dip is, and what it might look like.
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The meltdown of the credit and mortage markets will inflict damaging effects upon our economic future that we may not anticipate — much like the fallout from a nuclear explosion. Senior Editor Paddy Hirsch explains why Marketplace is using the term in its coverage. More coverage of the financial crisis is at marketplace.org/financialcrisis
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Lawmakers are considering yet another bill to ban insider trading. But the term "insider trading" seems open to interpretation. Senior Producer Paddy Hirsch helps us understand what it is and why it's a big deal.
Companies are hoarding cash -- to cushion themselves if the economy worsens. But where do they keep all that money? Senior Editor Paddy Hirsch explains.
When the analysts and experts talk about the current financial crisis, they often refer to credit default swaps. So, what exactly is a credit default swap? Marketplace Senior Editor Paddy Hirsch goes to the whiteboard for this explanation.
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The term Re-hypothecation came up a lot during the MF Global meltdown. It's quite a common term in the securities market -- but what does it mean? Marketplace Money senior producer Paddy Hirsch explains. Follow Paddy Hirsch on Twitter: @paddyhirsch More Whiteboard: www.marketplace.org/whiteboard
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The practice of short selling has been blamed for the collapse of several major companies' shares during the financial crisis. What is short selling? Marketplace Senior Editor Paddy Hirsch explains. More coverage of the financial crisis is at marketplace.org
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In stories about the auto companies and the banks, we've been hearing a lot about debt-to-equity swaps, and exchanging preferred shares for common stock. To get how those swaps work, you first need to understand a company's capital structure. Senior Editor Paddy Hirsch explains.
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Senior Editor Paddy Hirsch explains why the repurchase (or repo) market is vital part of the financial system, and why the government is considering changes to it. More coverage of the financial crisis is at marketplace.org/financialcrisis
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So much government debt! But what's the difference between the Treasury's bills, notes and bonds? Senior Editor Paddy Hirsch explains. More coverage of the financial crisis is at marketplace.org/financialcrisis
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Now the Federal Reserve has effectively cut the target lending rate to zero, it only has one more weapon in its arsenal. Quantitative easing. Senior Editor Paddy Hirsch explains what this nuclear option it is, and what the Fed hopes itll do.
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The Federal Reserve said this week it will no longer buy mortgage backed securities from Fannie Mae and Freddie Mac. Some people worry mortgage rates could rise as a result. Senior Editor Paddy Hirsch explains why.
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Mortgages arent the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. More coverage of the financial crisis is at marketplace.org/financialcrisis
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Often conflated, often confused, fiscal and monetary policies take very different approaches to influence the economy. And use two very different departments: the government and the Fed. Senior Editor Paddy Hirsch explains.
Many asset-backed securities have been downgraded from AAA recently. But at least one issuer has miraculously repackaged a downgraded deal to make some of its bonds worth a AAA rating again. Senior Editor Paddy Hirsch explains.
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Some of the rapid drops weve seen in the financial markets in recent weeks have been fueled by margin calls. How do margin calls work? Marketplace Senior Editor Paddy Hirsch explains.
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There's a debate in financial circles over whether banks are unfairly penalized by the requirement that they mark to market their holdings. Marketplace Senior Editor Paddy Hirsch explains what that term means.
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Collateralized loan obligations are back! Paddy Hirsch explains what CLOs are, and why theyre important.
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Bankers have been debating bringing back the uptick rule for months, if not years. This week the debate made it to Capitol Hill. Senior Editor Paddy Hirsch gives a quick and dirty explanation of what the uptick rule is, and why it could be reinstated.
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Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
The Federal Housing Administration is being criticized for underwriting subprime loans, which critics say could lead to another wave of loan failures. Senior Editor Paddy Hirsch explains subprime lending and its inherent risks.
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Credit default swaps have worsened market anxiety because they are conducted in the over-the-counter market, where regulations are few and information about risk is often hidden. Marketplace Senior Editor Paddy Hirsch explains.
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Surely you've heard the term assets -- they can be toxic, liquid, or tangible. Sr. Producer Paddy Hirsch explains what the word "assets" really means.
