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Two German Frauds

The LRB Podcast

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The Rise and Fall of Wycart

Wet wycart was starting, as you say, in the pawn business. They then get into this in the late nineties. It starts is bonography, and now ther on line, on line bank and payment services company. The founder ankpa bower, left the company afters a presentation at a board meeting where the c o shows this line going up, forty five per cent. I profits a en fa te n forty five degrees on se going up like a rocket. You can't do both at the same time, because growth is expensive. Your trying to acquire new es, and new customers are expected to acquire. This thing about the forty five degree angle, you

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