Instinctively I try and simplify things. It this was a person with an excellent credit score, it’s as if the person is taking on extra debt to start to create something they need, but trying to hide it.

But that simplification isn’t the whole story. If that person took on debt as part of an LLC they started, not their personal bank account, then they have certain protections in the event of default of the LLC.

They will also have to pay a premium and give up more for debt to the LLC because the lenders know this.

The same is true for Meta.

The finance world isn’t blind. None of us hear are stumbling upon hidden knowledge that the lenders didn’t already have.