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Joined 3 years ago
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Cake day: June 25th, 2023

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  • I have read many descriptions of these “loops” and I still don’t get it. The articles use words like “pledge” and “collateralize” that have nebulous meanings.

    I get accounting on a basic level. I took managerial accounting in college and I am the bookkeeper and tax accountant for my one-person business. But I don’t get this, despite some moderate attempt.

    Also over the years I’ve found that things I can’t understand after a little effort are certainly out of the reach of lawmakers, who barely care about facts at all in the face of all the political pressure they are under.

    So I don’t get it, but it sounds skeezy as fuck to me, and we’re all fucked.