{"id":12674,"date":"2020-01-10T16:28:35","date_gmt":"2020-01-10T20:28:35","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12674"},"modified":"2020-01-10T23:45:17","modified_gmt":"2020-01-11T03:45:17","slug":"going-for-broke","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/going-for-broke\/","title":{"rendered":"Going for Broke"},"content":{"rendered":"<div>\n<div dir=\"ltr\"><span><\/span><\/div>\n<div dir=\"ltr\"><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt; direction: ltr; unicode-bidi: embed\">Bankruptcy.&nbsp;<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">Strategic default (bankruptcy) is just one of 200 ways \u00e2\u20ac\u02dccredit code 9\u00e2\u20ac\u2122 occurs. #bk<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">#cs183duckBk<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\"><br \/>\n<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\">Going broke is a business protocol. Yes, default of financial obligations is a strategy<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica\"><span style=\"font-size: 12pt\"><br \/>\n<\/span><\/p>\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/961382335135404032\/FuaqaYk3_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/td>\n<td><b>Dan Primack (<a href=\"https:\/\/twitter.com\/danprimack?s=11\">@danprimack<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/danprimack\/status\/1215708349666295808?s=11\">1\/10\/20, 1:53 PM<\/a><\/div>\n<div>Most likely outcome for Casper. It goes public. Then gets bought by private equity, which has been doing &#8220;the sleep economy&#8221; for decades. Then it goes broke. And gets sold to another private equity firm. Then it gets sold to another private equity firm.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\">Churches do it also&nbsp;<\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/378800000645043257\/7761adcd099841e51f66e6880b5cb3b2_normal.jpeg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">Vernon Silver (<a href=\"https:\/\/twitter.com\/vtsilver?s=11\">@VTSilver<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/vtsilver\/status\/1214900093813493761?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">1\/8\/20, 8:22 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">\u00e2\u20ac\u0153The Catholic Church has behaved like a business. It hasn\u00e2\u20ac\u2122t behaved like a religion that lives by the rules it espouses,\u00e2\u20ac\u009d says&nbsp;<a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@TerryMcKiernan1\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@TerryMcKiernan1\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@TerryMcKiernan1\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a>&nbsp;<\/p>\n<div>\n<p>U.S. Catholic Church shielded more than $2 bln from abuse victims by moving and reclassifying assets&nbsp;<a href=\"https:\/\/t.co\/hqOnYGnXPw\">bloomberg.com\/news\/features\/\u00e2\u20ac\u00a6<\/a>&nbsp;via&nbsp;<a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@BW\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@BW\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@BW\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/p>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/p>\n<\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bankruptcy.&nbsp; Strategic default (bankruptcy) is just one of 200 ways \u00e2\u20ac\u02dccredit code 9\u00e2\u20ac\u2122 occurs. #bk #cs183duckBk Going broke is a business protocol. Yes, default of financial obligations is a strategy Dan Primack (@danprimack) 1\/10\/20, 1:53 PM Most likely outcome for Casper. It goes public. Then gets bought by private equity, which has been doing &#8220;the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-12674","post","type-post","status-publish","format-standard","hentry","category-deep-underground-capital-knowledge"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12674"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12674\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}