4 ms·
They had the assets. Just that a good portion of them aren't available to be sold immediately
by c23gooey 4y ago
They had the assets. Just that a good portion of them aren't available to be sold immediately
- searealist 4y agoPeople need to stop repeating this, they had assets to cover most but not all deposits. They used accounting tricks to pretend they had more than they did.
- MrMan 4y agoThis is False. They had the assets, but they declined in value until they were worth less than liabilities. Insolvency.