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cryptocurrency bullshit, kind of hilariously bad
Imagine lending out $4 billion to companies to buy Bitcoin miners, and accepting the mining hardware as collateral.
Hardware that devalues the moment it gets shipped, has no resale or reuse value, and is almost certainly unprofitable in those exact same circumstances where the loan recipient would go bankrupt (namely, a cryptobunk economy downturn).
How on earth does one survive in the financial industry without realizing that it's completely impossible to recoup *any* losses here? I've seen literal small children make better financial decisions.
