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It's not mom and pop lenders that put up 6 billion. It's grownups that have a contract with a specific set of things/entities they can collect from. Don't waste
by ikeboy 9y ago
It's not mom and pop lenders that put up 6 billion. It's grownups that have a contract with a specific set of things/entities they can collect from. Don't waste tears over them.
- s73v3r_ 9y agoNobody cares about the banks. But the banks are going after Toys R Us (and other targets of the parasitic buyouts) because that's their only recourse, and they are costing plenty of innocent people their jobs. I feel things would be different if they could go directly after Bain et al.
- ikeboy 9y agoYeah no. If the stores were worth keeping open without the debt, then the bankruptcy court would keep them open. They lost money in each of the last 4 years, without as much of a debt load maybe they'd have broken even or a small profit, but not enough to justify the existence of the company.
- s73v3r_ 9y agoYou're falling into the trap of assuming that the market is perfect, and that there's someone wanting to take over the stores. Face it, the only reason they were in trouble, and the only reason this bankruptcy is happening, is because of the parasitic capital firms involved.
- ikeboy 9y agoYou can do the math, it's not that hard. Toys r US's numbers were significantly below where they'd need to be at to survive. It's unclear why you think we should infringe on banks ability to decide who to lend money to and what collateral to require.