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You are saying that you can raise $7b debt at double-digit interest rate. I am doubtful. While $7b is not a big number, the Madoff scam is only ~$70b in total o
by liuliu 10mo ago
You are saying that you can raise $7b debt at double-digit interest rate. I am doubtful. While $7b is not a big number, the Madoff scam is only ~$70b in total over many years.
- tyingq 10mo agoNo, I'm scamming myself. Halving my fortune because I believe karma will somehow repay me ten fold some time later.
- ineedasername 10mo agoSomehow? I've been keeping an eye on my inbox, waiting to get a karma vesting plan from HN, for ages. What's this talk of somehow?
- robocat 10mo ago> the Madoff scam is only ~$70b in total Incorrect - that was the fraudulent NAV. An estimate for true cash inflow that was lost is about $20 billion (which is still an enormous number!)