You're listening to TIP.

You're listening to TIP.

Hey everyone, welcome to the Investors Podcast. I'm your host Preston Pission.

As always, I'm a company by my co-host, Stig Broderson.

And today, we have brought back the one and only Luke Roman.

Welcome back to the Investors Podcast. I have no idea how many times we've had you on,

but every single time we have you back, you're a crowd favorite.

And we always learn so much. And so Luke, welcome back to the show.

Thanks for having me back, guys. It's great to be back.

So we're talking about a hot topic today.

And I mean, you can't get this word said enough in the news right now.

And for people that are listening to this in the future,

here we are, the 25th of September in 2019.

And the big word that we're talking about is repo.

Everyone is talking about repo.

I would argue very few understand what repo is.

And so what we really want to kind of accomplish here is like,

let's start off with the basics.

Let's define terminology. Let's talk about the basic mechanics of the repo market.

How would you explain this to, if you were going to a high school class and you were talking

to some kids, how would you describe the repo market?

I would describe it in brief that it is basically the plumbing that makes the financial system run.

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