Can someone tell me how a company that is targeting the biggest IPO in history at over $2 Trillion can have it's bonds rated a "junk"? And if bond investors don't even view this as Investment Grade worthy, why should equity investors? https://t.co/LS7XPw12Rr
Companies that are doing well just before an IPO don't: - Refuse to disclose their actual revenue - "Leak" overstated numbers to the press - Repeatedly push back the listing date - Raise huge "bridge" financing rounds - Claim existential risk to get gov monopoly protection
Blanche tells Bloomberg News he isn't reopening a criminal investigation into former Fed Chair Jerome Powell for cost overruns on its buildings But he said that if the Fed's own internal audit of the project finds evidence of wrongdoing, the DOJ could investigate