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2026-02-12 21:01:19 UTC
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Nina Kalinina on Nostr: Forbes 1926: No investor ever lost a dollar in Miller bonds. "We reaffirm this ...

Forbes 1926: No investor ever lost a dollar in Miller bonds. "We reaffirm this opinion now. A bond which needs a guarantee to make it safe should not be offered."

New York Times 1929: BANKRUPT COMPANY TO PAY 100% ON DEBTS; G.L. Miller Bond and Mortgage Corp., Liquidated, Yields for Stockholders a Dividend of 62%.

Huh, it seems _this_ time investors didn't lose any dollars.