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> As it sounds, they are one regulation/ruling away from going bankrupt. I can't wait. I'm sure it'll move with all the haste of government bureaucracy, but t
by kortex 5y ago
> As it sounds, they are one regulation/ruling away from going bankrupt.
I can't wait. I'm sure it'll move with all the haste of government bureaucracy, but the sooner this gets shut down, the better. This is inevitably going to entangle tons of people who don't know better or think they can make a buck. It's a recipe for creating legal rats nests.
No (with a material interest) wins. I don't even think the banks win. Early investors will make out like bandits. People with purely fiscal interests will largely win (some will get hosed). Equity owners will lose. Information-poor decision makers will lose. Prospective buyers in the neighborhood will probably see collateral damage.
- reacharavindh 5y agoIt is a con job. In some sense, it is Darwinism for people who choose to invest in them I guess? But, it’s all about whether they can jump before the ship sinks.