Banks Make Billions Printing/Lending Money When They Don’t Have To Worry About Being Paid Back!
Imagine a bank creating unlimited funds to lend, earning billions in fees and interest, with no worries about the borrower defaulting. It’s happening today – big time! This week’s reading stack began with a Wolf Street article, “Deep-Junk-Rated Carvana gets $4.5 Billion from New Investors, after Shares Collapsed by 79%….”. Despite regularly losing money and a deep junk bond rating, […]
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