Oracle's Debt Continues to Soar (Increase of 60 Billion Dollars in 15 Months, Not Counting the Secret Debt, With Off-balance-sheet Debt Having "Grown Roughly Thirtyfold in Four Years")
Is this capitalism or plunder against the debt clock (US at over 40 trillion dollars in debt now)?
Released a short while ago:
In spite of the mass layoffs (there have just been many more), the total Oracle debt continues to grow (it more than doubled in about 3.5 years) and the real debt is a lot higher as the slop bubble is used to hide it. As a 2-months-old article put it: "Oracle has $260 billion of future lease commitments that will eventually land on its books. [...] off-balance-sheet debt alone [for] Oracle’s has grown roughly thirtyfold in four years."
Further down: "Some already see the risk. S&P has cut Oracle’s credit rating over stretched leverage, and both Morgan Stanley and Moody’s have flagged the wider issue. “What if one of these companies was a house of cards,” asked accounting consultant Tom Selling, “and was propping itself up with this accounting treatment?”"
"What if..."?
This is what's already happening, no?
It says "one of these companies" when in fact all of them do the same thing. █