Economy

Hugin

(35,395 posts)

5. I had a chilling thought recently that I haven't yet been able to pin down...

Reply to mahatmakanejeeves (Original post)

Fri Dec 27, 2024, 10:49 AM

Dec 27

Like how many on wall street are paying themselves by borrowing against their stocks. Are there those out there who are borrowing against the "value" of their crypto holdings.

Yes, it would be foolish for a financial institution to loan with crypto as collateral. But I'm guaranteeing there's some out there who would. This would explain the cryptoarchy's frantic push to legitimize their hoard.

Wow, the things that keep one awake at night.

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Highlight:

Wall St. Is Minting Easy Money From Risky Loans. What Could Go Wrong? [View all] mahatmakanejeeves Dec 27 OP

Well, here we go again. boonecreek Dec 27 #1

Become 'too big to fail' and your friends in Congress will bail you out. keithbvadu2 Dec 27 #2

Would the MAGAs be in favor of Congress bailing these guys out? I doubt it, but am realllly looking forward in2herbs Dec 27 #3

The same thing that always goes wrong when Republicans are in charge. Meadowoak Dec 27 #4

I had a chilling thought recently that I haven't yet been able to pin down... Hugin Dec 27 #5