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Piss before you get on the plane, Christ.
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Piss before you get on the plane, Christ.
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Go to sleep, my child.
Hahah
Subject Expert
Sounds like lots of downside work for us. WIN/WIN, Amirite????
Subject Expert
Are you suggesting PE could make bad investments based on little real diligence? No way…. In other news, water is wet.
Like how much diligence do investment banks even do on the finance side ? How much do attorneys even do when there are 4 deals going that all want to close in like 3 weeks ?
Firms should REALLY make corporate folks work on at least a couple lawsuits stemming from the type of transactions they work on
The short answer is that due to capital requirements on banks decreasing their exposure to bad investments and the advent of private lenders who arent systematically important, a rush of defaults in the LBO space probably would minimally impact the broader economy. Sorry if that's a downer for folks' guilt fantasies.
Thanks this makes sense
Then at least I’ll have paid off my student loans this time 🤷🏼♀️
Mentor
What do you mean "unsubstantiated"? The companies are frauds? The valuations were frothy?
Mentor
Most PE backed businesses were businesses before the PE firm invested. It's unlikely they're frauds. Also, PE lending isn't as systemic an issue as the RMBS crisis.
Please do not violate privilege on this platform 🤣😅🤣
Luckily I’m not in private equity haha