Was 50 cent undercapitalized, and is there a systemic risk ?

dimanche 19 juillet 2015

This week, the rapper known as 50 cent filed for Chapter 11 bankruptcy protection in a court in Connecticut according to several press reportsThe filing briefly halted the sex tape trial featuring 50 vs. Lastonia Leviston, aka Rick Ross' baby mama. The courts recently ordered 50 to pay $5 million after he posted her sex tape online in 2009.

This information immediately raised concerned regarding a potential systemic risk to the whole rapping business sector. According to federal reserve insiders, rescue plans are currently being analyzed, including a potential "qualitative easing" plan in which the federal reserve would provide liquidity against sex-tapes and unused rap lyrics. As a result, Kardashian Inc. and Hilton Ltd stocks increased by respectively 123% and 231%.

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