MacroStrategy, a subsidiary of @MicroStrategy, has closed a $205 million bitcoin-collateralized loan with Silvergate Bank to purchase #bitcoin
Incredible! https://t.co/1unKCBrsvJ — Doomberg (@DoombergT) March 29, 2022
collateralized
The Bomb That Blew Up in 2008? We’re Planting Another One [Derivatives: Collateralized Loan Obligations]
via bloomberg: Financial markets have short memories. Of late, they’ve convinced themselves that collateralized loan obligations (CLOs) are much safer instruments than the collateralized debt obligations, or CDOs, on which they’re based and which helped precipitate the 2008 crisis. They’re wrong …
What is a CLO? (Collateralized Loan Obligation) And Why It May Spark the Financial Crisis Part 2
Apparently nobody learned any lessons from 2008. Derivative products are dangerous. Investors have are purchasing less of the same types of derivatives that caused the Financial Crisis. But do not be deceived. They’re still putting massive amounts of money into …
Wall Street’s Newest Frankenstein Scam: “Collateralized Fund Obligations”
via bloomberg: The townspeople just can’t win. Consider Wall Street’s latest financial Frankenstein of a bad idea, collateralized fund obligations. Perhaps a better monster metaphor would be zombies, because these securities are the sort of terrible concoction that rise out of …