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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

But in our experience, we’re seeing them efficiently transfer the credit risk of assets, but keeping the customer relationship, it’s a very important distinction. Either you have the asset and the credit risk, I would imagine. This is the product that, that allows them to transfer credit risk.

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Transcript: Armen Panossian

Barry Ritholtz

The cost of constructing a home is higher today than it was three years ago. So there is real inflation in cost of construction. And I think w when you combine new home sales declining and new home construction or and multifamily construction declining, that’s when I think the bite will be felt.

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Transcript: Robert Koenigsberger

Barry Ritholtz

RITHOLTZ: So late ‘80s, early ‘90s, you’re a VP for an advisory firm that leads some sovereign debt restructurings and transactions in both South America and Central America. To lead the bank’s efforts in investing in sovereign debt restructurings and to bring our clients along was a great experience. KOENIGSBERGER: Yeah.