Here's How SoFi Could Get in BIG Trouble
Is SoFi safe? Well, it's about as safe as any other bank of its size. In this video, we'll answer the question "what happens if SoFi goes bankrupt?" To do that, we'll need to figure out how SoFi makes money. Spoiler alert, the majority of their revenue comes from lending, and the average American consumer is already up to his eyeballs in debt. What happens in the event of a recession? Will SoFi be safe if their customers start defaulting on their unsecured personal and student loans? Let's find out.
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The skinny
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