surprised that anyone questions why investment funds borrow. This is the fundemental underlying principle that the business model applied many of those that are getting into trouble. They borrow because they can and because the interest they pay is less than the revenue they got. instant profit. Thats what hedge funds where essentially about.
the borrowing game is over and as a result the asset inflation.
will be interesting to see if the $184m facility is guaranteed by MFS.
And remember Chris Scott will solve all problems so any one in doubt dont be Scott will help
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mfs breaches loan agreement with bank of scotl, page-7
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