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/biz/ - Business & Finance

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7509051 No.7509051 [Reply] [Original]

>acquire business
>25% down 75% borrowed
>buy the bank that lent the money
>debt is now forgiven and you got a company for free

why wouldnt this work

>> No.7509081

>>7509051
Because there's no way that would be enough to buy the bank you idiot.

>> No.7509090

Because you dont have hundreds of billions of dollars to buy a bank

>> No.7509103

obvious reasons like why would a bank give you capital to buy a majority share and why would a bank sell some kid shares

>> No.7509113

>>7509051
Who is this beauty?

>> No.7509123

>>7509081
? your reading comprehension is shit.

>> No.7509124

>>7509051
jesus

>> No.7509129

>>7509051
well dumbfuck. Banks don't lend the fucking money they have on there balance sheet, they lend client money. You can't forgive debt that way or you violate federal solvency requirements. And if you had enough money to buy the bank, then the loan would be inconsequential. Bill Gates could acquire fucking Bank of the West or some shit. But the loan Bank of the West would give Bill gates would not mean anything.

>> No.7509157

>>7509103
banks do this all the time. acquisitions are rarely paid in full its all debt or leveraged

>> No.7509162

>acquire business
>25% down 75% borrowed
>buy the bank that lent the money
>25% down 75% borrowed
>debt is now forgiven and you got a company for free
>buy the bank that lent the money
>25% down 75% borrowed
>debt is now forgiven and you got a bank for free
>buy the bank that lent the money
>25% down 75% borrowed
>debt is now forgiven and you got a second bank for free

FREE MONEY

>> No.7509182

>>7509129
>bank lends $50 billion
>buy bank with $50 billion

>> No.7509196
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7509196

>>7509051
>buy the bank
<surely the value of the bank doesn't include the money I owe them

>> No.7509197

>>7509182
Why didn't I think of this

>> No.7509201

1. borrow money from the bank
2. buy bank with the borrowed money
???
4. Profit

>> No.7509222

>>7509182
assuming everything you say is correct your own debt will be reflected in the price at which you bought the bank you dumb fucking nigger

>> No.7509239

>>7509051
>Take out loan from bank to buy bank
>Forgive own loan

LITERALLY FREE MONEY

>> No.7509281
File: 33 KB, 306x306, aedd6de95bb002f81eaa41b05fe81c28_fuckin-way-she-goes-way-she-goes-meme_306-306.jpg [View same] [iqdb] [saucenao] [google]
7509281

>>7509196
lel

>> No.7509282

>Take out loan to buy land
>Land loans don't hold liens
>Take out more loans to build house
>Complete house in serious debt
>Declare bankruptcy
>Typically judges won't take your house or car
>Free custom house for the cost of poor credit

>> No.7509346

>>7509123
Holy fuck you're retarded. This is peak /biz/

>> No.7509352

>>7509051
It isn't a free company. The bank would recognize a loss and be worth less than before. You are just dumping your bags on the banks shareholders and creditors.

>> No.7509354

>>7509282
They don’t take your house but they won’t forgive your mortgage. Lol funny man

>> No.7509503

>>7509051
Sauce me

>> No.7509687

I'm just here for the sauce

>> No.7510324

>>7509354
There's no mortgage on a house you built dumbass. You mean for the land? That's why I pointed out there's no lien. Even if they don't forgive the loan you still have a free house and just have to pay for land.