Odd Lots: Welcome Aboard Starship Bank

Business models of the past, present, and future.

starship
Photographer: CHRIS GOODNEY
Everybody knows by now that a handful of hedge funders made a fortune by betting against housing before the market crashed back in 2008. But, people who bought at the bottom, when everyone else was panicking, also did extremely well. In the latest episode of Odd Lots we speak with Bloomberg Alastair Marsh, who discovered two traders who won big time by buying the most toxic assets in the world during the depths of the panic in early 2009.
Everybody knows by now that a handful of hedge funders made a fortune by betting against housing before the market crashed back in 2008. But, people who bought at the bottom, when everyone else was panicking, also did extremely well. In the latest episode of Odd Lots we speak with Bloomberg Alastair Marsh, who discovered two traders who won big time by buying the most toxic assets in the world during the depths of the panic in early 2009.

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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

David Hendler made his reputation as a bank analyst at the independent research firm CreditSights Inc., foreseeing many of the problems that led to the financial crisis and vocally criticizing the "too good to be true" trading profits posted by big financial institutions in the run-up to 2008. Today he runs his own consultancy, Viola Risk Advisors LLC.

He joins us this week to talk bank business models of the past, present, and future. We tackle some of the biggest topics in the financial industry — are bond trading desks permanently broken or just on an extended vacation? What will the lender of the future look like? And where do current risks in banking lie?

SoundCloud: 31: Welcome Aboard Starship Bank by Bloomberg

 

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