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Any bankfags around? Is this the SVB scam? (media.patriots.win)

posted 1 year ago by catsfive 1 year ago by catsfive +35 / -0

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– Drinkaforte 1 point 1 year ago +1 / -0

Yes, it's basically the complete opposite of what theyve been trying to instill for a long time with mark to market regulations since 08. Imagine you take out heloc and house is valued at 450. Value goes down to 300 and bank says hey you're underwater. What happened to thousands during last crash. Well now you would say no I'm not. Heloc says its 450, get govt to cover the losses.

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