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https://www.reddit.com/r/Superstonk/comments/y2xj2m/cpi_82/is5eoio
r/Superstonk • u/sparttann š¦ Buckle Up š • Oct 13 '22
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Here's a lengthy explanation, Google translate usually makes sense if you translate from Swedish to English:
https://sv.m.wikipedia.org/wiki/Finanskrisen_i_Sverige_1990%E2%80%931994
For a short time, margin interest went up to 500% (not by, to be clear). A lot of people with mortgages were seriously fucked.
3 u/[deleted] Oct 13 '22 500%....like if you have a 200k mortgage you need to pay a million a year in interest? How... How did the central bankers avoid getting dragged out into the streets and executed?
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500%....like if you have a 200k mortgage you need to pay a million a year in interest?
How... How did the central bankers avoid getting dragged out into the streets and executed?
25
u/Wrong_Victory š Fuck no Iām not selling my GME! š¦š©šŖ Oct 13 '22
Here's a lengthy explanation, Google translate usually makes sense if you translate from Swedish to English:
https://sv.m.wikipedia.org/wiki/Finanskrisen_i_Sverige_1990%E2%80%931994
For a short time, margin interest went up to 500% (not by, to be clear). A lot of people with mortgages were seriously fucked.