Michael Hudson has posted a transcript of hi interview Inflation and Illegal Repo Loans.

Economist Michael Hudson explains inflation crisis and Fed’s secretive $4.5 trillion bank bailout.

I don’t know how I could have missed this article that is now over a month old. I wish someone would just publish a straightforward description of what a Repo loan is. I think I have figuerd it out from context, but I have never seen a formal definition.