So the “fix” would be to limit these fuckers from making bets they themselves can’t pay for. You shouldn’t be able to take out loans to make bets. Banks should flat out refuse money for this kind of thing and it should be a criminal offense if they try to get around this.
So the “fix” would be to limit these fuckers from making bets they themselves can’t pay for. You shouldn’t be able to take out loans to make bets. Banks should flat out refuse money for this kind of thing and it should be a criminal offense if they try to get around this.
If we're lucky, one result is that banks demand way higher rates from the hedge funds.