In the summer of 2008, Axel Miller, then CEO of Dexia, a spinning juggling machine gun dealer, assured the financial health of his group by expertly telling the world of structured, enhanced, securitized, collateralized loans.
We didn’t understand one thing, but the man seemed to have mastered his subject, and wasn’t that the main thing? Axel Miller made his interlocutors dizzy to better make the change. six weeks later, Dexia was on the brink of bankruptcy.
You should never be intimidated by jargon. It is the magician’s weapon in business in general, finance in particular, and even more so in the world of crypto-assets.
Blockchain, tokens, protocols, stablecoins, stacks and returns, words – let’s not waste time offering translations – make this world seem incomprehensible.
However, it is quite simple. The mechanisms that led to the lightning rise and then the spectacular explosion…
This article is for subscribers only. You have 79% left to discover.
-70% on digital subscription
-70% on digital subscription
ENJOYING IT!
Already subscribed? enter
Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.