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Serious question: Who is stupid enough to make these loans? How can they not see they won't get their money back? I suspect it is a tax thing/way to move mone
by mikewarot 4y ago
Serious question:
Who is stupid enough to make these loans? How can they not see they won't get their money back?
I suspect it is a tax thing/way to move money, isn't it?
- rufus_foreman 4y agoThey just write it off.
- edgefield 4y agoI’m betting they collateralize the debt, selling all or a portion it off to reduce exposure.
- bagels 4y agoWell, they could have required Tesla or SpaceX as collateral.