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Why not just create intangible collateral out of thin air? E.g. crypto? Then you just use some of the credit to pump up the value of the collateral to meet the
by applepple 5y ago
Why not just create intangible collateral out of thin air? E.g. crypto? Then you just use some of the credit to pump up the value of the collateral to meet the bank's expectation.
- KirillPanov 5y agoThat's called fraud. You would need to find an especially stupid bank. You can certainly do that, but if you're wiling to commit crimes there are much easier ways to make money.
- deleted 5y ago[deleted]