“They said, you get a loan, it's interest only... I took a couple of million dollar loan... I could pay the interest off... I could pay the money back without having to sell any shares.”
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Said on The Finance Garage
The Finance Garage · Ep 53 - Betting everything on being funny with Dave Hughes ft. Dave Hughes
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took out a margin loan just before the Global Financial Crisis without knowing what a margin loan was
“They said, you get a loan, it's interest only... I took a couple of million dollar loan... I could pay the interest off... I could pay the money back without having to sell any shares.”
“His ability to finance these multi-billion dollar media consolidations are at least to some degree, margin loans on his Oracle holdings ... he had to do a $40 billion backstop”
“He offers the shares up as collateral, which appears to be how he usually does business… he pulled back the share dump and is doing another margin loan”
“Loans to non-depository financial institutions have increased by close to a trillion dollars of new loans in the last six or seven years.”
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