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I don't see how your conclusion follows from the data. It appears to have been a very wise decision by the bank, given that even though Copper Union's investmen
by rrrrtttt 13y ago
I don't see how your conclusion follows from the data. It appears to have been a very wise decision by the bank, given that even though Copper Union's investments have gone bad they're still paying the loan back. If I were a bank I would jump at an opportunity to own a loan that's backed by the land under the Chrysler building.
- leoh 13y agoI agree with his conclusion. Another way to put this: you should absolutely never invest money you can't afford to loose.
- deleted 13y ago[deleted]
- argonaut 13y agoAnd the bank could afford to lose that $175 million. And then the bank would gladly take the Chrysler land or whatever other collateral it was promised.