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by Aurornis 264 days ago
Yes, but you’ve also incurred a $90 expense in purchasing the stock of Company B and that stock is on the balance sheet.

In the actual shady version of this, Company B isn’t the hottest AI investment around, it’s a shell company created by your brother’s cousin that isn’t actually worth what you’re claiming on the balance sheet because it was only created for the round tripping shell game.

1 comments

that's what Carvana is doing with the car loans it securitizes : https://hindenburgresearch.com/carvana/