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These bonds are not held as investments, but as collateral for getting other things (like money to buy mortgages with). If your collateral gets worse ...
by candiodari 4y ago
These bonds are not held as investments, but as collateral for getting other things (like money to buy mortgages with).
If your collateral gets worse ...
- JohnFen 4y agoEither way, they were treating them as if their value was guaranteed prior to maturity. That has never been a thing that these instruments guaranteed. They were gambling, because they failed to hedge that risk.