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The debt likely wasn’t a normal bank, and the interest rate was likely quite high. The parties making the loan were likely fully aware of the risk and thought t
by voisin 3y ago
The debt likely wasn’t a normal bank, and the interest rate was likely quite high. The parties making the loan were likely fully aware of the risk and thought the interest rate appropriate compensation.
- teo_zero 3y agoAre those banks the same that failed to recognize what a bad idea it was to bet on sub-prime loans before 2009?
- IAmNotACellist 3y agoThose WERE a great idea--as long as you weren't the one caught holding the bag