Then why didn't they borrow it?
People keep screaming "illiquidity not insolvency" as if bankers of all people didn't know what a loan is.
The answer, of course, is that no one was willing to loan them money due to solvency issues
People keep screaming "illiquidity not insolvency" as if bankers of all people didn't know what a loan is.
The answer, of course, is that no one was willing to loan them money due to solvency issues