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Once you get outside of things that are highly standardized (like home loans to individuals) you quickly find out that no matter how regulated, finance is done
by bombcar 8mo ago
Once you get outside of things that are highly standardized (like home loans to individuals) you quickly find out that no matter how regulated, finance is done on a handshake.
- cs702 8mo agoThat's true, but only to a point. Due diligence is not uncommon, especially with more traditional forms of credit. I resorted to the mortgage-lending analogy so others could quickly grok what multi-pledging means.