Wow - can this really be profit maxing behavior by banks or have they been taken over my other priorities?https://www.wsj.com/articles/blackrock-must-hit-esg-targets-or-pay-more-to-borrow-money-11617769833 …
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I can see why the hedge fund might take the loans, by why would banks set such conditions on their loans?
The lenders also benefit from the partnership. If interest on the debt used to finance LBOs stopped being deductible, they'd both be in big trouble.
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So there's a tax incentive they are both responding to? That makes more sense.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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