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The ultimate goal of financial plumbing is to enable commerce in the real economy. Consider the humble window: it is a fairly expensive, surprisingly high-tech manufactured good, installed by the dozen in homes by artisans. A window represents a supply chain, and one part of that supply chain is a sales process, convincing a homeowner of the desirability of updating their windows. The sales representative running that process would urgently prefer to leave their single visit to the home with not just tentative measurements but with a durable commitment to buying the window and financing firmly in place for it.
A four party consortium can underwrite, fund, and execute a consumer loan in 15 minutes. Here's how.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~26 minutes (25K characters)
Release date
Oct 10, 2025