Upside is if the stock crashes the banks get to harvest his organs or something. Don’t think anybody has been stupid enough to use stock collateral loans as one of their primary money source before, unless someone who threw themselves out a window during the stock market crash leading up to the great depression did so.
Exactly this. It’s Schrödinger’s money.
Worth nothing so it can’t be taxed and worth billions so it can be used as collateral to take out tax-free loans from the bank.
Upside is if the stock crashes the banks get to harvest his organs or something. Don’t think anybody has been stupid enough to use stock collateral loans as one of their primary money source before, unless someone who threw themselves out a window during the stock market crash leading up to the great depression did so.