OK, sure, theyre selling shovels but theyre lending a bajillion dollars in shovels for equity in unprofitable companies and when the bubble bursts they’ll have no cash and pieces of paper in defunct companies. Unable to meet their operating costs they’ll die or be pieced off. You can’t run a company off of IOUs.
OK, sure, theyre selling shovels but theyre lending a bajillion dollars in shovels for equity in unprofitable companies and when the bubble bursts they’ll have no cash and pieces of paper in defunct companies. Unable to meet their operating costs they’ll die or be pieced off. You can’t run a company off of IOUs.