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Re: Major_Bankz post# 546583

Monday, 11/12/2018 3:06:04 PM

Monday, November 12, 2018 3:06:04 PM

Post# of 727474
Wrong. During bad economic times, COOP scooped up distressed loans at fire sale price. There is a risk when doing so but if you take into account the default rate and account it in the purchase price then it is profitable. Amazon and Google and other tech companies came out from the ashes of the dotcom and thrived. Netflix was built during the 2008 crash.
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