Comment

Comment by glaucon

|This is just what banks do O_o underwrite loans, then collateralize (i.e. bundle) to people who want the risk.

... and from the linked piece ...

| Banks do not sell down debt they are confident in

... I have no claim to expertise but both of these can't be true.

I wouldn't worry about it anyway, you can be sure when the day comes "they'll be to big to fail".

parent glaucon 17 days ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton