3 ms·
Yet another loan originator for Genesis counterparties, now with half the interest payouts. What are the capitalization and/or insurance requirements? This is a
by jl2718 6y ago
Yet another loan originator for Genesis counterparties, now with half the interest payouts. What are the capitalization and/or insurance requirements? This is all extremely opaque. The main reason they’d borrow is to short it, which means they’ll sell it to cause a liquidity crash. If that doesn’t work, they’ll be bankrupt and you’ll lose everything anyway.