Re:U.S. FDIC tells Signature crypto clients to close account...
by panarky on Wednesday March 29, 2023 @12:29AM
(#35352587)
> without selling a single security
Why sell a security that's only worth 74 cents on the dollar when you can use it as collateral to borrow 100 cents on the dollar, and if you can't pay back the loan then the public will bail your ass out?
Why sell a security that's only worth 74 cents on the dollar when you can use it as collateral to borrow 100 cents on the dollar, and if you can't pay back the loan then the public will bail your ass out?