It's like investors have foregone any kind of due diligence in the name of chasing yield. PrimaLend considering a bankruptcy push & Apollo shorting ~€400m of Adler Pelzer bonds suggests there are more cockroaches to be revealed.
The fraud cases keep mounting - the 777 Partners case is interesting (as a football/soccer fan) - there's no way he thought he'd get away with it...
It's like investors have foregone any kind of due diligence in the name of chasing yield. PrimaLend considering a bankruptcy push & Apollo shorting ~€400m of Adler Pelzer bonds suggests there are more cockroaches to be revealed.
The fraud cases keep mounting - the 777 Partners case is interesting (as a football/soccer fan) - there's no way he thought he'd get away with it...
I'm confused by all these fraudsters. You'll get caught eventually...what's the point?
They’re not thinking long-term I suppose?