Videos uploaded by user “Marketplace APM”
Repo 105
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: http://marketplace.publicradio.org/display/web/2010/03/12/pm-weekly-wrap-q/
Views: 55239 Marketplace APM
What's a hedge fund?
There's a lot of confusion about what a hedge fund actually is these days. Here's a short and basic explainer. I should add that's its not entirely correct to say that hedge funds are completely unregulated. They are subject to some rules, but they are much less regulated than most other investment types.
Views: 212896 Marketplace APM
Bonds, notes and bills
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
Views: 108610 Marketplace APM
Hostile takeovers
We all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains.
Views: 80688 Marketplace APM
Private equity explained
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
Views: 144185 Marketplace APM
The National: 'Bloodbuzz Ohio' live studio recording
Watch an exclusive video performance of "Bloodbuzz Ohio" by The National, performed at their recording studio in Rhinebeck, N.Y., for Marketplace from American Public Media.
Views: 123839 Marketplace APM
Quantitative easing
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.
Views: 333892 Marketplace APM
How the banks make the big bucks
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.
Views: 136430 Marketplace APM
Collateralized loan obligations are back! Paddy Hirsch explains what CLOs are, and why theyre important.
Views: 42553 Marketplace APM
Understanding the yield curve
You read about it a lot in the business pages, and it sounds super complicated. But the yield curve is dead easy to read. Especially if you've every played chutes and ladders (snakes and ladders in the UK)
Views: 58091 Marketplace APM
Dark pools
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.
Views: 63111 Marketplace APM
Interest rates
Confused about the theory of how interest rates can affect economic growth? Senior Editor Paddy Hirsch is here with a handy analogy.
Views: 72386 Marketplace APM
Hostile Takeovers, explained
When the board of a company declines an invitation to be acquired, sometimes ya gotta go hostile. Here's how it works.
Views: 20255 Marketplace APM
How a stock buyback works
Companies often buy their shares back from the market. Here's why and how the do it.
Views: 26777 Marketplace APM
Leveraging and deleveraging
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.
Views: 72419 Marketplace APM
What is a junk bond?
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
Views: 36779 Marketplace APM
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.
Views: 307760 Marketplace APM
The 'repo' market
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
Views: 88933 Marketplace APM
A look inside hedge funds
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.
Views: 564048 Marketplace APM
Fannie, Freddie and the Fed
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.
Views: 56173 Marketplace APM
What is a Yield Curve?
If you've been following what the Federal Reserve is doing with the interest rate, you have probably heard them talk about the yield curve. Marketplace Senior Editor Paddy Hirsch explains what the curve is and what happens if it gets flattened. For more stories: marketplace.org/whiteboard
Views: 60776 Marketplace APM
SEC goes after Goldman
Lots of people are puzzling through the SECs fraud allegations against Goldman Sachs, trying to work out how it allegedly committed fraud. The way Paddy Hirsch sees it, its a bit like a bookie and gambler teaming up to fix a horse race.
Views: 30649 Marketplace APM
What's a dark pool?
Views: 13481 Marketplace APM
How credit cards become asset-backed bonds
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
Views: 40232 Marketplace APM
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
Views: 17547 Marketplace APM
Fiscal and Monetary Policy
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.
Views: 121053 Marketplace APM
Beware the carry trade!
With interest rates in the U.S. 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.
Views: 23273 Marketplace APM
The Uptick Rule
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.
Views: 21610 Marketplace APM
Untangling credit default swaps
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.
Views: 39235 Marketplace APM
Capital structure
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.
Views: 130043 Marketplace APM
Bankers go head to head over Tier 1 capital
Tier 1 capital is the money that's at the core of every bank. But, like everything else in banking, it's subject to definition, and bankers still can't agree on the terms. Senior Editor Paddy Hirsch explains.
Views: 39607 Marketplace APM
Shadow banking
The shadow banking system is a key component of the U.S. 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.
Views: 112501 Marketplace APM
The difference between the stock market and the economy
When the stock market is doing well, a lot of people assume the economy must be doing well, too. But the stock market and the economy are not the same thing, as this short video explains.
Views: 7569 Marketplace APM
Where do student loans go?
Many student loans aren't usually held by lenders. Instead, they end up in SLABS - student loan asset backed securities. Here's how they work.
Views: 7925 Marketplace APM
Deflation, explained
Deflation: also known as falling prices. Falling prices may sound like a good thing - stuff gets cheaper. But fall too far, and they can cause a lot of pain, as this short video explains.
Views: 18495 Marketplace APM
Mark to market
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.
Views: 59740 Marketplace APM
Market Correction
This short video explains what a correction in the market means. A correction is a short-term downward movement in the market. It's usually quite painful, but it shouldn't be confused with a bear market. That's a whole different animal.
Views: 11485 Marketplace APM
Counterparty risk
Europe is teetering on the edge of a credit crisis, and markets all around the world are tumbling as investors worry about contagion. Its all about banks not trusting each other, as Senior Editor Paddy Hirsch explains.
Views: 40830 Marketplace APM
What's an index fund?
What's an index fund?
Views: 10443 Marketplace APM
Kai Ryssdal explains the bond market
If you want to know what's going on in the economy, you ought to be watching the bond market. Thing is, it can get kind of confusing. Here's what you need to know to read the tea leaves.
Views: 14597 Marketplace APM
Currency pegs
Pressure from the US may have pushed China to unpeg its currency from the dollar this week. But how did that peg work in the first place? Paddy Hirsch explains.
Views: 33503 Marketplace APM
How a poison pill works
Companies that don't want to be taken over by a competitor often use something called a poison pill. It's not the target company that swallows the pill: it's the buyer. Here's how it works.
Views: 19109 Marketplace APM
How valuations work
Before you buy any kind of security, you need to do a valuation. There's a quick way and a slow way. Guess which one's better!
Views: 11294 Marketplace APM
Shadow banking: still big, still dangerous
The part of the financial system that lends the most money to Americans remains almost untouched by regulation. It's shadow banking, as Paddy Hirsch explains.
Views: 38911 Marketplace APM
How a spin-off works
Companies are spinning off other companies at dizzying rates. How does the process work? Here's a short video explainer.
Views: 24851 Marketplace APM
How can dollar stores still sell things for a dollar?
Dollar stores aren’t just surviving, they’re thriving. How is that possible? Subscribe to our channel! https://www.youtube.com/user/marketplacevideos In this episode of I’ve Always Wondered, Marketplace’s Reema Khrais explains how dollar stores can still sell things for a dollar – and how the Great Recession helped create a lot more customers for dollar stores across the country. I’ve Always Wondered is a Marketplace series that answers your questions about the world we live in, why the economy works the way it does, and why it all matters. Because if you’re like us, you’ve got a lot of questions about the small, simple, brilliant and ubiquitous things in the world of business. We’re here to answer them for you, in our most popular series that’s generated by you – our audience. Suggest something you’ve always wanted to know in the comments below. Follow Marketplace on Facebook: https://www.facebook.com/marketplaceapm Or Twitter: https://twitter.com/Marketplace
Views: 7563 Marketplace APM
Negative Interest Rates
Some Central Banks have adopted a negative interest rate policy on reserves held with them. Here's what that means.
Views: 19790 Marketplace APM
What is an Activist Investor, exactly?
Activist investors love to grab headlines. But what do they do, exactly? Here's Paddy Hirsch with a short explainer.
Views: 5504 Marketplace APM