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[–]jet199 6 insightful - 4 fun6 insightful - 3 fun7 insightful - 4 fun -  (0 children)

More like they over borrowed massively when loans were cheap then interest rates went up and they had no way of meeting the payments. No different to what happened to many companies in 2008.

https://nitter.net/unusual_whales/status/1590126597470060544