Bankers aren't stupid they are chasing a loophole in the system that allows this.
What is stupid is the simple fact that its totally legal to stump up a miniscule amount of money, get a massive loan and use the soon to be purchased company as collateral for the loan. Pay themselves exorbitant management fees and suck the cash out.
When companies fail after that sort of purchase, the banksters should be put in jail because they are pieces of **** in society. They contribute nothing but profit to their own bank account and destroy the lives of those in the way. No wonder they were strung up at various times in history.
Last edited by 600ft-lb; 14th Dec 2012 at 23:39.