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RE: LeoThread 2025-08-22 08:58

in LeoFinance2 months ago

sinister. It's like brokerages, private equity funds, public equity funds, trusts, all sorts of non-banking financial institutions. But what essentially happened from 2009 was the governments wanted more capital than the banks could lend with any reasonable prudence. And so what would happen is a trust would lend the money. Like you're a developer, you're very risky. We're not really sure what's going to happen, but you'll pay 9%. So I'm the trust. I'll lend to you at 9% and then I will sell that loan to the bank tonight. And I'll give the bank 7%. So I keep the 2% spread. It's on the bank's balance sheet. I don't have risk. And then I do it again tomorrow. Yeah. So something similar in the United States with the CDO market and the sort of disintermediation of loans and ownership and everything else. Yeah. In a sense, it's like that. So where are we today? What does the picture look like? You mentioned 2015. What was the drop there? 60, about 2 thirds of the Shanghai composite? I think (28/57)