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In The Media

Going for Broke

by Larry Chiang on January 10, 2020

Bankruptcy. 

Strategic default (bankruptcy) is just one of 200 ways ‘credit code 9’ occurs. #bk

#cs183duckBk


Going broke is a business protocol. Yes, default of financial obligations is a strategy


Dan Primack (@danprimack)
Most likely outcome for Casper. It goes public. Then gets bought by private equity, which has been doing “the sleep economy” for decades. Then it goes broke. And gets sold to another private equity firm. Then it gets sold to another private equity firm.
Churches do it also 
Vernon Silver (@VTSilver)
“The Catholic Church has behaved like a business. It hasn’t behaved like a religion that lives by the rules it espouses,” says ⁦‪@TerryMcKiernan1‬⁩ 

U.S. Catholic Church shielded more than $2 bln from abuse victims by moving and reclassifying assets bloomberg.com/news/features/… via ⁦‪@BW‬⁩



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