@VictimOfSimony@infosec.exchange
Post #939508
2026-03-26 19:48 UTC
One of the two largest #Mortgage providers in the #US just decided you can use #BitCoin when you offer collateral, effectively allowing every #TechBro in the country to cash out at the same time. The #Mortgages will be left unbacked if defaulted on, since there is no way for the bank to cash out after seizing them. :blobfearful:
#FinancialNews #RealEstate #Finance #2008financialcrisis
https://finance.yahoo.com/markets/crypto/articles/coinbase-fannie-mae-enable-crypto-120846995.html
Replies (1)
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@psjbeisler@social.psjb.me 2026-03-26 19:55
@VictimOfSimony@infosec.exchange Most Crypto loans are over-collateralized, a default is just a liquidation and does not not leave debt to be consolidated and sold off later (like in 2008).