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After 2008, banks required “curators” or structurers to put up their own money (5%)
Otherwise you get folks who care about fees and NOT abt the collateral (like this guy from the big short)
Make sure your curators own the thing they’re curating.. otherwise moral hazard
Jul 30, 2025
I don’t think “risk curator” is anywhere close to the activities and business we currently attribute to such actors. Crypto jargon aside, what would they be named in tardfi?
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