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A comment on Tether Required Recapitalization in May 2022. Parent comment

Re:Tether Required Recapitalization in May 2022 by jandrese on Friday May 20, 2022 @12:31PM (#31449645)
As an outsider this reads like someone in 2006 saying that these risky looking mortgage based products are fine because they'll be propped up by Fannie Mae and Freddie Mac.
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Re:Tether Required Recapitalization in May 2022 by dboreham on Friday May 20, 2022 @01:15PM (#31450209)
And they were pretty much correct. So probably not the same as that.
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Re:Tether Required Recapitalization in May 2022 by jandrese on Friday May 20, 2022 @02:15PM (#31450782)
They certainly weren't correct for the people who bought those Mortgage Backed Securities. Unless you were a huge institutional investor with the inside track you got skinned alive. Even the big boys got burned pretty badly. Lehman Brothers was the fourth largest investment bank at the start of 2008.
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Re:Tether Required Recapitalization in May 2022 by ceejayoz on Friday May 20, 2022 @01:34PM (#31450399)
We had an international financial crisis over it. That seems less than fine.
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