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So, I invest/lend 100. The SME fails. Who is persecuting them? I don't want to chase each failed SME to get the money back. I mean, you still need middle men.
by kfk 13y ago
So, I invest/lend 100. The SME fails. Who is persecuting them? I don't want to chase each failed SME to get the money back.
I mean, you still need middle men. Nobody has willing, knowledge or time to rate, follow and persecute a bunch of SME's.
I would love laws and tools to lend to companies I know well although. Like companies of friends or friends of friends. But that is impossible now. Another big topic is discounting invoices, somebody here? Interesting topic with real hassle.
- cowls 13y agoI think you misunderstand, If you invest in a business that fails, you lose your money.. You dont get to "persecute" anyone. Thats the risk of the investment
- brazzy 13y agoSo con men who do nothing but run sham businesses and live off invested money have nothing to fear? There must obviously be some sort of redress in the case of ouright fraud. But then, how do you distinguish malice from incompetence? That's how the SEC got started...
- cowls 13y agoYes thats different.