The Stock2Me Podcast

Stock2Me’s latest podcast features M.E. Tuthill, a financial writer and journalist and author of Repo-Madness: A Simpleton’s Guide to the Street’s Wicked Ways, a book aiming to blow the lid off what has come to be known as the shadow banking system.

To begin the interview, Tuthill discussed her background.

“I was born and raised outside of Boston, Massachusetts, and I spent the earlier part of my career in broadcasting as a radio journalist. After 10 years of that… I was ready for a change. I decided to take a big leap – and I mean big… I decided to become a financial advisor,” Tuthill said. “I did that for 13 years, and it was a really good experience. I learned a lot about money. Ironically, though, I was in all these brokerage firms, and I knew nothing about what I’m now writing about, which is the huge market and the financial system.”

“After 13 years, I’d had enough of that… I got a position as a financial writer at iMoneyNet… I wrote articles about money market funds. When I first got the job I thought, ‘Oh this is great, I’ve got a 9-to-5 and a steady paycheck,’ but money market funds weren’t really that exciting to write about. When the financial crisis hit, everything changed. Those funds had such an integral role in what happened. For the next nine years after that happened, I wrote every week and every day about the money market funds and the shadow banking system in general. I got addicted to it; I got hooked on it.”

Tuthill then provided an introduction to Repo-Madness: A Simpleton’s Guide to the Street’s Wicked Ways by discussing the concept of shadow banking.