World Conflicts
Yesterday
680
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
India
Yesterday
1023
Ideal indian parents
Work Visa
Yesterday
959
Hypocrisy of Indians
India
Yesterday
550
A list of ethnic slurs on Indians that should be banned on Blind
Tech Industry
Yesterday
880
PM is irrelevant role and will die in next 2-3 years.
They both created jobs and businesses and rose to astronomical wealth in short order. Both treated as saviors. They both also had shell trading companies pumping up their shares (or FTT tokens for SBF). Adanis brother manipulating shares in Mauritius to keep Adani shares high, SBF girlfriend Caroline Ellison running Alameda research manipulating FTT to keep FTT high. All with the same goal of increasing leverage and using Adani/FTT shares as collateral with banks or other institutions. They both used PR and a national image (Adani with nationalism itself). SBF has already had smaller crypto exchanges fail as a chain reaction, India is yet to see banks fail due to bad loans given to Adani since this just started. Adani is going to bankrupt many small banks in India, their collateral (Adani shares) has gone down by 50%, so when they ask Adani to post more cash for margin, Adani itself has to sell its own shares to raise cash to give to banks. Adani doing share offerings (FPOs) and selling shares to meet margin, will be a circular loop of collapse (not to 0). Amazing how Modi supporters are filled with delusionals who don’t understand how the world works and that Adanis exist in different shapes and forms around the world.
yes
TC or GTFO
Lame to mention, but it’s over 600k
No. Adani wife is hotter than sbf's gf.
SBF manipulated in the unregulated market which is not difficult to do however Adani manipulation happened in regulated market which need more guts
Or capturing the regular. Symptom of a broken system.
*regulator
1)Indian banks don't have shares as collateral, they are based on cash flows 2) Indian banks are only 30%-40% of the total debt of Adani( public sector banks + pvt included).It is still a lot of debt, but mix of Indian creditors to foreign shows it's not just because adani bribed someone in Delhi that he got loans(just because). So yeah don't think much of an issue to banks, but it is over leveraged indeed and any creditors, especially foreign banks who have share as collaterals will be at loss....and ofcourse retail investors buying shares at P/E ratio of fucking 350(Adani green energy)
how can it be based on cash flows, you need to be generating that much cash to justify the loan. If the PE ratio is over 100 to 150, it means you don’t have the cash flow and are relying on equity as collateral.
It actually is an issue to smaller banks (we don’t know the names, we’ll find out shortly who is swimming naked), not big ones.
I legit read a tweet from a Modi supporter saying He is happy to see #1stock scam being done by Indians rather than white Americans 🤣🤣 Another one said Every Indian should spend 5k INR to defend integrity of India
Both had strong government connections.
What Jobs sbf created?
All Adani companies involved in capital heavy investment and expected to generate cash flow for very long time. These are all real business with physical assets. Not papar money. Modi is expected to reelected again. So 6 more Years of governments support is guaranteed. I feel Adani will come out of this debt problem in 8-10 years period. Right now his laying the foundation with debt but once all businesses established he will repay the loans. All his companies are solid businesses.
Solid businesses that are overvalued and overlevered. It’s a valuation problem, not a legitimacy problem.
Same logic for Tesla… it was overvalued at 420… but might be at value at 150… generates massive cash flow. And it is a solid business but was overvalued
Cool story bro