Comment on Borrowing money against their stuff to get more stuff to borrow money...
davad@lemmy.world 1 month agoFor the ultra wealthy, the value of their assets goes up faster than the interest rate of the loan.
Comment on Borrowing money against their stuff to get more stuff to borrow money...
davad@lemmy.world 1 month agoFor the ultra wealthy, the value of their assets goes up faster than the interest rate of the loan.
deHaga@feddit.uk 1 month ago
Yep, you need a proper market crash for the loans to be called in. That’s when it gets fun.