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Hey I know, we could package these Income Sharing Agreements (ISAs) together to reduce the risk of investing in duds. Then we could resell those. I'm sure the r
by JabavuAdams 8y ago
Hey I know, we could package these Income Sharing Agreements (ISAs) together to reduce the risk of investing in duds. Then we could resell those. I'm sure the rating agencies would get on board. Tranche the sht out of that stuff, and it's fun times until we realize that people don't actually have jobs anymore, and your AAA CISA is dogsht. Sign me up!
OTOH... I just went back to university and am getting straight As or A+s after my first year doing Physics, Chemistry, Biology. So ... investors ... my trajectory will put me somewhere between Elon Musk and Ted Kaczynski. Who wants to bite?
- b_tterc_p 8y agoI’m amused at the idea of going in as a group with your class. Getting other students to guarantee your obligations... I can’t quite figure out the natural consequences for, say a class of engineers or a class of English majors. For some domains you would expect a certain rate of inability to pay. In others you would expect a certain amount of income superstars.