by Boo_Randy
“Buy now, pay later” rackets were only possible in a world awash in Yellen Bux hot money flows. But now as f**ked borrowers are drowning in debt they’ll never be able to repay, the chickens are coming home to roost.
One of Australia’s major banks put millions into a buy now, pay later operator but it’s since fired 10 per cent of staff and its valuation dropped by $30b.