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Mortgages Will Soon Be Collateralized By Amazon Stock: WSJ
If you work for Amazon and you have some stock but not a home, there's good news: You'll soon be abl
The surcharge buys puts on the pledged shares, 25 bp if AMZN RSU is only used for the down pymt, 250 bp if the entire loan is collateralized with the RSU shares – guessing its something like that. Nice idea.
Looks to me like a swell away to avoid paying taxes on what you are using for a downpayment.
Am I wrong?