> They were satisfied with a clumsy fake audit certificate for 2 billion euros in a Philippine account! For how many companies EY did the same? How superficially do they check their customers?
A lot.
Like a lot a lot.
The entire* commodities sector is built on promises like this.
The entire shipping and freight sector.
The entire commercial paper market.
Its promises, redundancies, assurances, and credit.
It usually doesn't go wrong. As long as bond holders get their 2% and common stock shareholders get wiped out, everything is A-OKAY.
(entire is hyperbole, the point is clear, don't be that guy)
A lot.
Like a lot a lot.
The entire* commodities sector is built on promises like this.
The entire shipping and freight sector.
The entire commercial paper market.
Its promises, redundancies, assurances, and credit.
It usually doesn't go wrong. As long as bond holders get their 2% and common stock shareholders get wiped out, everything is A-OKAY.
(entire is hyperbole, the point is clear, don't be that guy)