Earlier quoted context omitted.
What are the magic words these people use to get a bank to give them millions of dollars, let them walk off with it, then eat the loss?
What I don’t get is why we don’t consider it fraud to knowingly take a loan you have no intention of paying back.
2. Is there any evidence that's ever the case from PE firms? Startups fail all the time, but I wouldn't characterize them as "knowingly take a loan you have no intention of paying back"