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Cake day: June 25th, 2024

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  • Which is why you need insurance if you buy That Car on a loan. So there’s somebody else who will pay back the loan if you fuck up That Car.

    If That Car is worth a hundred billion dollars, suddenly that very important aspect just seems to vanish and you can just buy That Car with itself without any further securities.


  • Asetru@feddit.orgtomemes@lemmy.world*Permanently Deleted*
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    22 days ago

    The assets of the acquired company are often used as collateral for the financing

    This is so dumb.

    “I want to buy That Car, can you give me money? I have… nothing.”

    “But if you have nothing, how can we expect you to ever pay back That Car?”

    “Well, after buying That Car, I will have a net worth of That Car, so paying you back obviously will be trivial using ownership of That Car.”

    “Sounds like we have a deal!”