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This is why debt holders are usually not in a rush to have the debt paid off. If in doing so it devalues the debt so much that it isn't worth it. If you owe th
by celticninja 7y ago
This is why debt holders are usually not in a rush to have the debt paid off. If in doing so it devalues the debt so much that it isn't worth it.
If you owe the bank $100,000 you have a problem, if you owe the bank $10,000,000 the bank has a problem.
- foobarbecue 7y agoTen million? Nah. Ten billion, sure.
- gambiting 7y agoDepends on the size of the bank. I know someone who needed to borrow "just" a few million to purchase a warehouse and I think 3 local banks had to pool up the money to lend him and to spread out the risk. Sure for a giant corporate bank that's literally nothing but there are still small banks all over the country which have relatively little capital.
- foobarbecue 7y agoTouché.