Gates: Protection Or Powder Keg?
28:11–31:41 · 210s
Manchuck argues redemption gates are essential to prevent runs, but warns a protracted outflow could force funds to sell their best loans and add leverage, worsening quality.
28:11–31:41 · 210s
Manchuck argues redemption gates are essential to prevent runs, but warns a protracted outflow could force funds to sell their best loans and add leverage, worsening quality.
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