Discussion about this post

User's avatar
Katherine Bayford's avatar

This is absolutely brilliant. Very keen to read a *lot* more from this substack.

Expand full comment
mjrharris's avatar

Perhaps the risk is the opposite, that rather than crowding out private funding, BBB is allowing banks to reduce the amount of risk they take with corporate lending, because an other bank will use guarantees such as the Growth Guarantee Scheme. Advisors tell me that the issue is that banks increasingly rely on BBB to underwrite corporate lending moving risk from the private to the public balance sheet (in part).

Expand full comment
3 more comments...

No posts