What Is a ‘Future Flow Agreement’ and Why Should I Care?
The term “future flow agreement” sounds like a complicated derivative product Wall Street cooked up. It probably is, but in practice it’s really just a mechanism for banks to make money when debtors file bankruptcy. That should sound weird because once a debt is discharged it can’t be collected. Normally such debts take up lines …
What Is a ‘Future Flow Agreement’ and Why Should I Care? Read More »
