4 ms·
> Total liabilities: $8 billion, of which $7.4 billion is “loans,” $7.4 billion's worth of fools. What a large market!
by HelloNurse 4y ago
> Total liabilities: $8 billion, of which $7.4 billion is “loans,”
$7.4 billion's worth of fools. What a large market!
- janmo 4y agoThey only had $154m in cash equivalent, the rest of their assets was in illiquid crap.
- HelloNurse 4y agoOf course. The problem is lending genuine money to an organization designed around turning money (in the best case) into illiquid crap.