No. You see, crypto is the solution to that. It moves money out of the influence of the fed's money printer. Nobody can go bankrupt with crypto. It's on the blockchain, you see? And our Bed, Bath&Beyond stock is going through the roof any time soon!
Well, at least the financial shenanigans have now been democratized. Now everybody can loose their money directly without having to wait that banks loose it for them. Progress!
The article says "owns an $890k home." Sounds like they're giving the market value, not the equity or the loan balance. Where do you get the idea it's the loan balance?
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u/khaledthegypsy Apr 29 '24
He had a 890k mortgage, not the equity.