Slips readers will be interested in Matt Levine's column today, which takes a deep dive into the recently failed Greensill's lending against “prospective receivables,” which is kind of like lending against my prospective estate in Scotland. Both look a lot like unsecured lending.
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One response to “Greensill “Secured” Lending”
When my first check comes in from the contract I’m contemplating with the Mets, the funds will go straight into a lockbox so you’re fully protected.