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Fuzzy Math That Fueled Junk Debt Boom Is Sparking Jitters
Getting creative with earnings adjustments helps sell deals.
14 Dec 2019, 05:42 AM IST
(Bloomberg Businessweek) -- Imagine walking into a bank to borrow money. The loan officer might ask for your pay stubs and tax returns to prove your income, as well as for information about your debts and monthly expenses to determine whether you’re a worthy borrower. If the numbers don’t add up, you’d be out of luck.
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