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Crowdfunding startups has always sounded to me like the best way to hide risk from retail investors seeking a quick buck since the invention of the mortgage bac
by phillmv 14y ago
Crowdfunding startups has always sounded to me like the best way to hide risk from retail investors seeking a quick buck since the invention of the mortgage backed security credit default swap.
- patio11 14y agoRetail investors did not buy those. The closest they got was either a) houses backed by ARMs made economic by mortgage-backed securities or b) shares in the publicly traded megabanks which held billions of mortgage-backed securities.