Originally Posted by
212man
i agree. It never ceases to amaze me how the corporate world works compared to what private individuals are allowed to do. One mis-timed direct debit and unauthorised overdraft and you get warning letters and fines, whereas companies run year after year making losses and taking out loans up until the point where they just hold up their hands and say “sorry, can we have another go?’
That is because the lender is supposed to be the adult in the room, the person who says no when things get too risky.
Sadly the widespread zero interest rate policies have made the adult lenders look stupid, so now any plausible story is valued at a billion dollars, a unicorn.
Reality may creep in eventually, but right now money is seeking deals rather than the other way around.
Probably a great time to start a business, lots of (too) eager lenders.