Episode Details
Back to EpisodesEp.471 When You Owe a Bank a Million, You Have a Problem; But When You Owe 7 Billion, They Have a Problem!
Season 2
Episode 211
Published 2 weeks, 6 days ago
Description
In a severe market contraction, a massive debt load stops being a vulnerability and becomes a hostage situation; by entangling one hundred and forty-six banks in a seven-billion-dollar web of cross-defaults, Murdoch proved that true financial resilience isn't about avoiding risk, but about structuring your liabilities so beautifully that your creditors have no choice but to ensure your survival.