Uhh he’s not saying that. Part of their compensation package is RSUs. Often times those of us who have that setup opt for a sell-to-cover tax obligation where a certain % of RSUs in the vest is automatically sold to cover the income tax obligation..
We have our excuse to do what was going to happen anyway. This is the back test and now it's pay attention time again. What sucks is you don't always get a clear answer quickly, see 2015. Decline in Aug of 15 then recovery that then faltered and went back and danced up and down around the 200d until it finally dipped and bottomed in early 16.
High interest credit cards and such make big bux. Its why they are offered at all. The amount of defaults is priced in.
Thats one of the big problems with klarna. 90% of people defaulting isn't priced into their loans, the terms are way too forgiving. They need to learn the payday loan flex of a 2500$ finance charge and 900% APR to borrow 1k, with forced garnishment. Half your client could end up in jail after a few months and they still making money.
