alt Hacker NewsYou 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.
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tyingq • yesterday at 7:46 PM
No, I'm scamming myself. Halving my fortune because I believe karma will somehow repay me ten fold some time later.
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> 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!)