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[-] clutchtwopointzero@lemmy.world 6 points 1 year ago* (last edited 1 year ago)

Actually banks take collateral that is normally not what the private equity firms target and that actually seems to work, but the consequence is that hard assets of the firm (offices, buildings, hardware, cash, etc) are essentially given up

[-] starchylemming@lemmy.world 15 points 1 year ago

so think of your company as a horse

you sell it to someone for a nice price thinking the other one wants to ride the horse just like you did. but they are actually a butcher and make horse sausage out of it.

[-] qevlarr@lemmy.world 3 points 1 year ago

Yes and it hurts.

this post was submitted on 27 May 2024
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