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by monsieurgaufre 1673 days ago
The house of cards you are standing on doesn't seem to pass the "is it worth something to people who don't already have skin in the game?" contrary to the title of a house. Beanie babies aren't worth much now.
1 comments

To their credit, Beanie Babies holders were always upfront about their desire to make money. There was none of this fig leaf reasoning about how BBs are really a harbinger of a new paradigm of asset securitization.