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this post was submitted on 04 Apr 2026
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Asklemmy
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I agree with your sentiment, but I'm compelled to point out that their "billions" is in the valuation of the preferred shares of the corporations they control. If they were to sell to get their billions in cash, the value of their portfolio that analysts purport they have would plummet to pennies on the dollar and very quickly.
Billionaires take out loans using their appraised assets as collateral when they need a couple tens of hundreds of millions in cash.
These billionaires' egos literally write checks their bodies can't cash with tacit approval from the Fed and SEC.