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Do all loans have "a pound of flesh" clause? episode artwork

EPISODE · Aug 27, 2025 · 22 MIN

Do all loans have "a pound of flesh" clause?

from Chicago Booth Review Podcast

Almost all companies borrow money – some of secured by assets they own, other debts unsecured. But is that distinction meaningful in the real world? Chicago Booth's Raghuram Rajan talks about his research into corporate debt. In the past century, the amount of unsecured debt has soared. What's the significance of that, and is it really unsecured?

Episode metadata supplied by the publisher feed · Published Aug 27, 2025

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Do all loans have "a pound of flesh" clause?

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How long is this episode of Chicago Booth Review Podcast?

This episode is 22 minutes long.

When was this Chicago Booth Review Podcast episode published?

This episode was published on August 27, 2025.

What is this episode about?

Almost all companies borrow money – some of secured by assets they own, other debts unsecured. But is that distinction meaningful in the real world? Chicago Booth's Raghuram Rajan talks about his research into corporate debt. In the past century,...

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