this post was submitted on 27 May 2024
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So you mean that banks are dumb and give away money for free and then just take the losses and repeat thr process?
so think of your company as a horse
you sell it to someone for a nice price thinking the other one wants to ride the horse just like you did. but they are actually a butcher and make horse sausage out of it.
Yes and it hurts.
They're not dumb; this is the "moral hazard" we were warned of during the 2008 GFC.
True, but we never expected that to happen with our company which was built on entirely different values. I am now committed never to let those vultures anywhere near a company I care about if I can help it, no matter their offer