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Any kind, collateral, non-collateral. They don’t have collateral. Now does the FDIC even know how much risk they’re bearing 0 when all the assets are so encumbered that they’re all pledged as collateral? RITHOLTZ: And does that shield the company from liability? RITHOLTZ: To the depositors. ADMATI: OK.
He is the founder of MarketCounsel, which is one of the leading firms in that space, as well as the Hamburger LawFirm. So clearly you see the overlap between being an attorney, understanding the intricacies of securities law. HAMBURGER: So, what I realized is that people were intimidated by lawfirms.
And if somebody has a big loss and it drops way below the, the collateral they put up, that loss gets spread out. If someone loses money, we liquidate the collateral, they’re done. So you’re, you’re doing futures trading and every customer effectively is putting up money. We’re not gonna have losses here.
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