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I just don't understand the people/institutions that give loans to such entities when a simple analysis would show how burdened by debt they are... are these in
by pm90 9y ago
I just don't understand the people/institutions that give loans to such entities when a simple analysis would show how burdened by debt they are... are these investors really that stupid to loan money at unsustainable rates?
- rb808 9y ago2005 was a different age, both in the shopping world and finance.
- ComputerGuru 9y agoLBOs still happen, unfortunately.
- quickthrower2 9y agoStupid? The investors are loaning someone else's money. They probably isolate it legally so if the loan defaults they are not personally liable and it doesn't affect any other investments. The money isn't hard earned. It isn't someone's hard sweat-earned savings invested. It is debt. Debt generally just expands the money supply.