Transcript: Gretchen Morgenson
The Big Picture
JUNE 20, 2023
It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. And this was back in 2005 or 2006. MORGENSON: And so, he buys this portfolio of junk bonds. Some of these, the Blackstone BREIT is a perfect example of that. RITHOLTZ: Right.
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