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4min chapter
A Crypto Catastrophe: The Stunning Fall of FTX—and What Comes Next
Plain English with Derek Thompson
Collateral on Margin Loans - Is That Really the Case?
"I don't recommend this at all. It is very stupid to do and very risky," he says of using stocks as collateral for margin loans. "If you're collateral or if you're asset that you are getting a loan against is shitcoins, which seems to be something that these crazy exchanges do." He adds: "These people all need to have their heads examined ... This is so ridiculous"
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