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Didn't the banks lose their assets because of (among other things) the repackaging of mortgages with fraudulent ratings into mislabeled securities, resold as a
by cartoonworld 5y ago
Didn't the banks lose their assets because of (among other things) the repackaging of mortgages with fraudulent ratings into mislabeled securities, resold as a higher value note?
- imtringued 5y agoYes but how does crypto solve this problem? Letting people borrow money isn't a flaw in our banking system. The lack of due diligence is.
- cartoonworld 5y agoThat's true, but at least programmatic securities for all its pitfalls and possibly bugs, is likely to do what it says on the tin.