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Mikko
@moo
The EU Commission proposes loosening Basel requirements on the securitisation of debt. Securitisation means that investors can buy debt products, and you can invest in these yourself. The commission argues that, after the Financial Crisis of 2008, the EU rules have been too strict, preventing companies from raising capital and contributing to the lagging EU economy. However, if the rules are loosened too much, there will be another blow-up. Be sure you are stacked with Bitcoin. Famously, the Bitcoin genesis block contains text referencing the news article about the financial crisis bailout. "Prior to the global financial crisis, the EU’s securitisation market was 87 per cent of the size of the US market. It is now down to 17 per cent, according to asset manager PGIM." https://lnkd.in/dnDAvpjQ
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Nico
@nicom
Magic money they said?
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