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by more_corn 507 days ago
Playing devils advocate here: 1) Buy $44B asset with investor money 2) Tank value of asset by 90% 3) Buy debt at 90% discount 4) ??? 5) Profit
1 comments

Get sued. You described a pure scam scheme. Of course there were underwrites and the usual dilution of responsibility, but even in this case "I wasn't able to predict that I can't handle it" will not work.