misk@sopuli.xyz to Technology@lemmy.worldEnglish · 1 year agoWall Street Banks Prepare to Sell Billions of Dollars of X Loanswww.wsj.comexternal-linkmessage-square50linkfedilinkarrow-up1287arrow-down18file-text
arrow-up1279arrow-down1external-linkWall Street Banks Prepare to Sell Billions of Dollars of X Loanswww.wsj.commisk@sopuli.xyz to Technology@lemmy.worldEnglish · 1 year agomessage-square50linkfedilinkfile-text
Mirror: https://archive.is/2025.01.24-212950/https://www.wsj.com/finance/banking/wall-street-banks-prepare-to-sell-billions-of-dollars-of-x-loans-c609beb1
minus-squarefrezik@midwest.sociallinkfedilinkEnglisharrow-up1arrow-down1·1 year agoThere are physical assets, though. Hopefully enough to pay employees, and possibly enough for this deal to be profitable. It’s a risk, but not a crazy one.
minus-squarehitmyspot@aussie.zonelinkfedilinkEnglisharrow-up2·1 year agoYes, there are, but minimal physical assets. That’s the point. They likely aren’t even enough to pay employees.
There are physical assets, though. Hopefully enough to pay employees, and possibly enough for this deal to be profitable. It’s a risk, but not a crazy one.
Yes, there are, but minimal physical assets. That’s the point. They likely aren’t even enough to pay employees.