Coding Debt The Laws of Capitalism Episode 2
Channel: Fact Files
Date: 2023-03-03

The transformation of humble IOUs into complex financial contracts and the emergence of an entire finance industry is not just a matter of how the law codes debt, but also why it does so. Professor Katharina Pistor (@ColumbiaLawSchool1) explores the role of the legal code in the evolution of negotiable debt instruments, from IOUs to securitized assets and derivatives. She also analyzes the securitization of mortgage debt in the US leading up to the 2008 financial crisis. Discover more about the laws of capitalism at http://lawsofcapitalism.org/.