Re:Do You Know Who Owns Your Debt?
by tanderson92 on Saturday November 16, 2019 @08:42PM
(#21556044)
This has the opposite effect that you think it will have. A person with many, many enemies would have many prospective buyers which would drive down their expected borrowing costs, which then materially benefits them. It's the same reason why the cost of capital of companies disfavored by ESG mutual funds is higher (and they are thus punished) -- fewer people are willing to buy their stock.
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