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0 pointsmtlmtlmtlmtl3y ago0 comments

Many the mortgage bonds in the 2008 crisis were AAA or AA rated by a "third party". And they were dogshit.

Is it audited by the SEC or some "auditing firm"?

0 comments

basch3y ago

I’ll repeat. How is a stable coin a Ponzi scheme.

A Ponzi scheme pays a dividend or share of fake “revenue.” Stablecoins don’t make money, unless lent out.

j / k navigate · click thread line to collapse

0 pointsmtlmtlmtlmtl3y ago0 comments

Many the mortgage bonds in the 2008 crisis were AAA or AA rated by a "third party". And they were dogshit.

Is it audited by the SEC or some "auditing firm"?

basch3y ago

I’ll repeat. How is a stable coin a Ponzi scheme.

A Ponzi scheme pays a dividend or share of fake “revenue.” Stablecoins don’t make money, unless lent out.

j / k navigate · click thread line to collapse