Comment on It will trickle down any second now
AdolfSchmitler@lemmy.world 2 weeks agoThey take out loans against their stock, kind of like a HELOC. So they get money without reporting any income too cuz it’s a loan.
Comment on It will trickle down any second now
AdolfSchmitler@lemmy.world 2 weeks agoThey take out loans against their stock, kind of like a HELOC. So they get money without reporting any income too cuz it’s a loan.
zr0@lemmy.dbzer0.com 2 weeks ago
Of course. Never said that those are 100% stocks. They have massive expenses to cover and they use the stock value as leverage. The banks giving out loans are creating the bubble.