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Slate Money

The You Guys PIK Edition

Slate Money

Slate Podcasts

Business, Investing

4.11.1K Ratings

🗓️ 20 January 2018

⏱️ 47 minutes

🧾️ Download transcript

Summary

Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and political risk consultant Anna Szymanski discuss:

The Blackrock letter

Super PIK bonds

The Gates Foundation paying off Nigeria’s debt to Japan

In Slate Plus: The collapse of Carillion

Check out other Panoply podcasts at megaphone.fm.

Email: slatemoney@slate.com

Twitter:@felixsalmon, @Three_Guineas, @JHWeissmann

Production by Daniel Schroeder


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

The following podcast contains explicit language.

0:14.0

Hello! Welcome to the You Guys Pick edition of Slate Money, your guide to the business and finance news of the week.

0:25.4

I'm Felix Sam and a Fusion, as ever, joined by Anna Shamansky and Jordan Weissman.

0:31.4

Hello, people.

0:32.1

Hey, everyone.

0:33.5

It's a fun show this week.

0:36.5

We have a Slate Plus segment about Carillion, which is an English company, which did some weird things and kind of wound up belly up.

0:49.6

We have one of the weirdest charitable donations that we have seen in a while, which is the Gates

0:58.4

Foundation, a large charitable organization, giving tens of millions of dollars to that very

1:03.4

worthy recipient, the Japanese government. We're going to work out what on earth is going on

1:08.7

there. And weirdly, I kind of love it.

1:10.9

I think it's awesome.

1:12.9

There is the super pick bonds.

1:16.3

That's nothing to do with gum health.

1:19.1

That's another piece of amazing financial engineering, which we will get into because when you reach super pick bonds, you know that the markets are frothy hello

1:29.5

Dow 26,000 but let's start since we're almost in Davos now we have to do the we have to start

1:39.5

talking about the grand corporate responsibility you, CEOs trying to make the world a better place

1:48.8

thing. And that means we need to talk about Larry Fink. Yep. Yep. Um, Jordan, who is Larry Fink?

1:56.8

And why should anyone pay attention to him? Larry Fink is the grand poohba of Black Rock, which is just like the world's, it's the world's

2:06.0

biggest fund manager.

2:06.9

It's the world's biggest fund.

2:08.0

It has $6.2 trillion.

...

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