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They sell off everything of value before it implodes and cash out. THEN they let it implode with nothing but the debt remaining.
by TylerE 12d ago
They sell off everything of value before it implodes and cash out. THEN they let it implode with nothing but the debt remaining.
- 0xDEAFBEAD 12d agoWhy would banks lend to such an enterprise if they don't expect to get paid back?
- TylerE 12d agoThey don't. They lend to the target company BEFORE the buyout.