• mcmoor@bookwormstory.social
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    10 months ago

    Well unless you somehow able to liquidate more money than the debt, the lender is the fool. The original founder practically got an exit that all startups wanted, you get the cheated money, but the lender gets nothing. You have to be able to fool someone into this position first.

    • xmunk@sh.itjust.works
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      10 months ago

      Oh certainly. I’m sure Elon Musk is totally going to pay that loan back. It’s impossible that he bought out Twitter just to be able to ban people who pointed out how much of an asshat he is. Also, Trump somehow keeps getting loans and he’s loses more money every month than most of us make in a decade - that’s the sort of savvy businessman you can trust.