Could a few hedge funds decide to begin issuing debt denominated in the hedge fund's own debt? If the funds became known for stability and their debt was highly rated, it would then function as a free bank.
Hrm, is an ETF functionally similar?
Update: I don't know what I was thinking, an ETF is obviously not similar, because it pays creditors in currency not in its shares.
The show so far, DOGE edition
7 hours ago
No comments:
Post a Comment
For math: Type your TeX math expression, in $$$$...$$$$.
For example $$$$\sqrt{a^2+b^2}$$$$
Looks like $$\sqrt{a^2+b^2}$$
If you need to type a double dollar sign, instead type four of them together
DO NOT UNDER ANY CIRCUMSTANCES LEAVE AN OPEN DOUBLE DOLLAR SIGN IN THE COMMENTS.