| ▲ | naniwaduni an hour ago | |
The trouble is that a bank is not lending against the nominal value of the stock as collateral. That number is almost entirely fictional. Taxation of capital gains at time of sale is less a loophole than a reflection of the difficulty of assigning a fair price to assets that are not perfectly liquid. Also, you'd totally gut retail home equity lending as collateral damage, with disastrous social policy consequences. | ||