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I know people even in the 2017 runup that got second mortgages and loans on their 401k.

a bank approved someone's second mortgage to buy cryto? that's awful! i really do hope that crypto takes traditional banks out of business :)

HELOC.

You seem to have changed your position from 'people are not doing this' to 'the banks shouldn't be letting people do this' That's a pretty big shift.

people are not doing this on the scale of real estate bubble. i am sure of that. but banks should be punished for giving out unsafe loans definitely