Comment by liuliu
You are saying that you can raise $7b debt at double-digit interest rate. I am doubtful. While $7b is not a big number, the Madoff scam is only ~$70b in total over many years.
You are saying that you can raise $7b debt at double-digit interest rate. I am doubtful. While $7b is not a big number, the Madoff scam is only ~$70b in total over many years.
Somehow? I've been keeping an eye on my inbox, waiting to get a karma vesting plan from HN, for ages. What's this talk of somehow?
> the Madoff scam is only ~$70b in total
Incorrect - that was the fraudulent NAV.
An estimate for true cash inflow that was lost is about $20 billion (which is still an enormous number!)