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1 Nov 2020 18:12:29 UTC
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Interest Rate Swaps | Rob Kirby
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget. Matt Taibbi in 2013.
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