Lutnick filing shows he has 100m secured loan from Bank of America.
One at sofr + 1.65% and another at sofr + 2.25%
While for the rest if us Prime rate has been 3.2 % over sofr past 5 years for over collaterized loan.
Cantillon effect is real.
To be fair BOA is still making a killing from his deposits and these loans.
Jerome Loman
npub16n43...6waf
Dad
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bitcoin not crypto
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Notes (2)
I am not as bullish on SBR but could see some indirect involvement in bitcoin mining infrastructure and stable coin nodes. Hopefully the jpeg non sense isn’t in there.
#bitcoin #sbr