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ADP isn't going to take that paper to cut paychecks. AWS isn't going to want that paper either. The best you can do is take that paper and get a loan with a st

ADP isn't going to take that paper to cut paychecks. AWS isn't going to want that paper either. The best you can do is take that paper and get a loan with a stupid high interest rate and that's not going to happen quickly.

avs733 4y ago
I may be wrong but... ADP could always take it at 90%, figure out the expected return and everybody wins AWS could take it plus some equity for credits? I imagine the incremental cost of providing the compute is worth the risk No one forces the economy to operate on dollars - and both traditionally and currently a whole lot of it doesn't.
- jo6gwb 4y ago
  ADP wont' take the paper but the cash advance sharks will and they're circling now.
- icelancer 4y ago
  Any private entity's risk assessors would place a massive haircut on those pieces of paper, if they would even allow them to be purchased.
DonsDiscountGas 4y ago
The Fed is having an emergency meeting Monday. My guess is they loan the bank-formerly-known-as-SVB as much as necessary to cover depositors needs for the next year, and get paid back as the banks assets are sold off. https://www.federalreserve.gov/aboutthefed/boardmeetings/20230313closed.htm https://www.federalreserve.gov/aboutthefed/boardmeetings/202...