this post was submitted on 24 Jan 2025
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270
Wall Street Banks Prepare to Sell Billions of Dollars of X Loans (www.wsj.com)
submitted 2 days ago by [email protected] to c/[email protected]
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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

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[โ€“] [email protected] 19 points 2 days ago* (last edited 1 day ago)

Banks will be lucky to sell for as much as 10 cents on the dollar, especially as all loans might be unsecured.

Banks should package in a shitcoin, that would pay itself out, since those investors are used to losses now ๐Ÿ˜œ