Quote:
Originally Posted by David70
They used inflated numbers in the process of issuing new bonds. Bonds are not profit but instead a way to raise money that is later repaid to the person that buys the bond. They still have to pay them back, they just get better terms/rates by showing better business numbers.
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Fair enough. I just thought it was a little ironic and “funny”. It just seems like a pretty minor consequence. I’ll bet they came out ahead on the deal, which probably means others will risk the same outcome in the future. Oh well.