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Looting, Silicon Valley Edition
- daydream 4y agoWorth a read. The theory is that once SVP principles realized the ship was going down, they looted as much as they could on the way out? > If insiders want to walk away with money from their bank, all they have to do is make loans to a corporate entity they control, then default. Presumably banks have internal controls that make this at least a little hard to do. Right? Hopefully?