Re:Ask HN: What Did Steve Ballmer and Donald Sterling Meant ...
by nabla9 on Tuesday August 13, 2019 @03:35AM
(#20683579)
What Ballmer means is that he has immediate access to $2B. This does not mean that he has that amount in the bank account.
When Ballmer calls a bank and asks them to verify that he can get $2B, he means that bankers arrange that kind of credit for him so fast that it's like cash. He has line of credit he can get without negotiating with his bank.
When Ballmer calls a bank and asks them to verify that he can get $2B, he means that bankers arrange that kind of credit for him so fast that it's like cash. He has line of credit he can get without negotiating with his bank.