How many

This Is Money: Debt-laden Pret a Manger turns £500m sales into a loss amid hefty interest payments Read more: Follow us: @MailOnline on Twitter

I post this mainly to inspire those few left here to post some economic stuff, but also because of the very recent crash of phones4u which tanked purely because of loading a profitable company up with debt in order to pull forward profits. This is not pulling forward profits imo because the level of debt depends on government action that would avoid the normal response, i.e. the company goes bust and is sold in a free market. That doesn't seem to happen for the last 7 years. I don't see who is lending the money to for this kind of wealth extraction because, they do hold the losses in case of default. so ? who is lending the money?

Posted by stillthinking @ 08:40 PM 3 Comments

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