X @Nick Szabo
Nick Szaboยท2025-11-22 01:10
RT Parker Lewis (@parkeralewis)This is a hilarious take. Fannie Mae has $4.2 TRILLION in debt, with about $70 billion in cash & $100 billion in equity value. Insane leverage, its assets are illiquid mortgages, asset values are being pressured by the Fed sustaining high rates + draining liquidity. But bitcoin! ...