misk@sopuli.xyz to Technology@lemmy.worldEnglish · 3 days agoWall Street Banks Prepare to Sell Billions of Dollars of X Loanswww.wsj.comexternal-linkmessage-square31fedilinkarrow-up1273file-text
arrow-up1273external-linkWall Street Banks Prepare to Sell Billions of Dollars of X Loanswww.wsj.commisk@sopuli.xyz to Technology@lemmy.worldEnglish · 3 days agomessage-square31fedilinkfile-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-up1·1 day 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-up1·18 hours 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.