What’s rehypothecation?
Rehypothecation is a financial “innovation” recently made [in]famous by the MF Glogal debacle that basically means a bank or other broker-dealer reuses the collateral pledged by it’s clients as collateral for it’s own borrowing.
Someone correct me if I am wrong. The more I study what these wizards are doing, the more confused I get. Probably because none of it makes any sense.