Whoever buys the defaulted loan gets the tower. So far, investors and specialized lenders have been on the hook, not commercial banks.
“We are entering an EBITDA recession”: S&P Global Ratings.
In the free-money era, subprime auto lenders took huge risks amid seething demand from yield-chasing investors.
LOLs keep piling up. Cost of doing business. Nevertheless, Meta came out swinging against it.
A one-time “bargain purchase gain” of $2.6 billion, “over $500 million” in net income accretion, lots of other goodies amounting to an IRR of “over 20%.”
FDIC Board Member McKernan laments “our country’s bailout culture that privatizes gains while socializing losses.”
Fits with Tesla’s big price cuts, aimed at internal-combustion-engine vehicles.
Another Easy-Money hangover.
Shares, after jumping 12% during the day in anticipation of something wonderful, plunged 22% after-hours, now within a hair of the low in March.
Brick-and-Mortar Meltdown Continues. Revenues Collapsed by 55% since 2017: Share buybacks and Ecommerce killed it.