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cmiles8 • yesterday at 8:57 PM • 1 reply • view on HN

Because the general consensus at this point appears to be that the notes will fail. You wouldn’t buy a loan if you thought it wasn’t going to be repaid.


Replies

stockresearcher • yesterday at 9:17 PM

> You wouldn’t buy a loan if you thought it wasn’t going to be repaid.

Eh, people do weird things all the time.

Also, there is often extreme information asymmetry.