Bava Kama 89 – Word-Backed Securities
Word-backed securities
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Show Notes
Today’s Talmud page, Bava Kama 89 asks whether a woman can use the financial value of her marriage contract to pay restitution to someone she has damaged. The Rabbis go on to discuss the potential difference between an actual possession and a promise of a possession listed in words. This idea reminds us of the financial bubble that came out of the growth of the sub-prime mortgage crisis and the mortgage-backed securities that followed. How can we ensure that our words don’t form a bubble of their own? Listen and find out.
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