Aaaand it's gone

Comments

• bleistift2@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

  *when you ask them for your money.

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• cronenthal@discuss.tchncs.de ⁨3⁩ ⁨weeks⁩ ago

  First Blue Owl now BlackRock. Feels like something is in the air.

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  • WhyIHateTheInternet@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    I think it’s Patriot missiles

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  • Aqarius@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    This economy is for the birds…

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• AmbitiousProcess@piefed.social ⁨3⁩ ⁨weeks⁩ ago

  To be fair to the massive multibillion dollar megacorporation…

  It’s a private credit fund, where you invest money specifically to loan it to corporations at high interest rates, hoping they’ll pay it back, while a lot will just kind of go defunct. Loan sharking for corporations as an investment asset. It’s meant to be semi-liquid, not like a regular bank.

  It’s often used for things like when a private equity fund wants to do a leveraged buyout of a company, where the company gets saddled with a ton of debt in exchange for the investors getting to milk it dry. Including companies I know you’ve heard of like Red Lobster, Toys R Us, Joann Fabrics, and a lot more.

  Again, loan sharking, but for corporations. Can’t exclude them from exploitative financial mechanisms!

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  • humble_boatsman@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    Yeah this is also not happening to “retail” investors as some writes up have chosen to use the term. These are funds exclusive to high net worth buy ins. So fuck these gamblers not able to access there petty cash funds.

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• ViatorOmnium@piefed.social ⁨3⁩ ⁨weeks⁩ ago

  Breaking news: the slot machine is not an ATM.

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• yakko@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

  Ohh, that’s fucking interesting

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• Lucky_777@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Man, that movie build up to the pizzas was so good. Fantastic film.

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