Like many things about capitalism, the idea of leveraged buyouts just seems incredibly sleazy. In what world does it make sense to be able to buy a company with that company's own money before you've even bought it?
@terrana Wait they do *what*
@VoxSomniator More or less. How it works is that they take out some loans contingent on buying the company and backed by its value, like a mortgage, but then once it goes through, it's the company, not the person buying it, that has to pay back the loans, and if the company goes belly up, then oh well.
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@terrana @VoxSomniator that, like much of capitalism but this more than most, sounds like it shouldn't be allowed.
-F
@Felthry @VoxSomniator My point exactly.