• Turbo@lemmy.ml
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 days ago

    They also hedge and buy insurance to cover potential defaults and then they write off the bad loan they got stuck with to help offset taxes… So it’s kinda good in a way and they want some but it makes business sense to find the right balance to keep regulators happy and make maximum profit.