“Verbatim

“If you offer liquidity 100 percent of the time, and people want their money back, then naturally that gating provision has to come about because you have to wait to the loans actually come back.”

The Money Puzzle · Private credit's 'wake-up' call (with Charlie Viola)

Play from 6:50
6:50

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What was described

offer 100 % liquidity to investors, which leads to redemption freezes (gating) when loans have not been repaid

Said nearby on the same subject

“Loan split… $500,000 non-deductible home loan… put $100,000 into the loan, split it into $400,000 or $100,000 and then go invest $100,000 in shares”
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Pat Noll
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How they work $500,000 loan split into $400,000 non-deductible + $100,000 deductible Share this moment
“He offers the shares up as collateral, which appears to be how he usually does business… he pulled back the share dump and is doing another margin loan”
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Why it worked at least $21 billion in personal loans; attempted share dump of $7-9 b… Share this moment
“We did 80% of investor loans probably up until the budget, and now it might be like, 20.”
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Pat Noll
Equity Mates Investing Podcast ·
Hard number investor loans fell from ~80% of new loans to ~20% Share this moment
“You buy shares for 80 cents and you liquidate the Bitcoin for 100 cents”
TB
Tice Brown
Money Stuff: The Podcast ·
Why it worked 80 ¢; 100 ¢ Share this moment

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