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A combination of Mississipi bubble [1] and The Great Depression. Here we have a conversion of debt into suspicious equity and at the same time leveraging to inv
by ivanche 6y ago
A combination of Mississipi bubble [1] and The Great Depression. Here we have a conversion of debt into suspicious equity and at the same time leveraging to invest (i.e. buying with the money you don't have). Both usually end in bankruptcies, financial ruins, suicides, homicides...
[1] http://www.thebubblebubble.com/mississippi-bubble/ http://www.thebubblebubble.com/mississippi-bubble/