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It seems like the plan of private equity is always to leave creditors holding the bag. So why in the first place do creditors lend to any company at reasonable
by OscarCunningham 3y ago
It seems like the plan of private equity is always to leave creditors holding the bag. So why in the first place do creditors lend to any company at reasonable rates without assurances this won't happen?
- killingtime74 3y agoThe rate is the assurance. Charge more if you think the risk is high
- linuxftw 3y agoThe creditors are people's 401k's. The debt that gets issued is sold off to 'fund managers' that help enrich their friends. Until there's a law passed preventing retirement plans from forcing you into only a handful of funds, it's never going to stop.