I like the term ‘covenant loosening’

Remember NINJA loans? Also there another new one where they borrow to pay back investors that can’t exit from a leveraged buy out in the standard 5-7 years because the actual value was way less than they claimed. So you own a pile of shit, you borrow against that pile of shit to pay people that bought into that pile of shit and the lenders are private equity who sell that shit debt to create new artificial returns

It’s steam based on steam based on fiction based on consensual hallucinations and it will all implode

Wait I thought Mamdani did 9/11

Brian Becker is a true hero. Subscribe to the socialist program!