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That must become illegal at some point. I spin up a branch, take a billion in off the plan appartments deposits then declare that branch bankrupt while my agenc
by quickthrower2 3y ago
That must become illegal at some point. I spin up a branch, take a billion in off the plan appartments deposits then declare that branch bankrupt while my agency branch rakes it in.
- jwestbury 3y agoIt's a legal grey area, generally. It's not uncommon for companies to utilise special-purpose vehicles/strategy bankruptcies to insulate themselves from the financial fallout of their actions, though.