It's the borrowing money with options to pay their day-to-day operations that makes it similar to a payday loan. Yes, they are huge, which means the terms are extremely favorable, but the announcement of this loan and its lack of collateral terrible signs.
A spread of 0.75% is the complete opposite of of a payday loan.
Amazon has the ability to make nations dance for its business.
The banks probably did the same thing
It's the borrowing money with options to pay their day-to-day operations that makes it similar to a payday loan. Yes, they are huge, which means the terms are extremely favorable, but the announcement of this loan and its lack of collateral terrible signs.