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The problem with your logic is that Hertz has physical assets and IP (at a minimum the brand) which the creditors will then own. But I agree with you that the r
by seibelj 6y ago
The problem with your logic is that Hertz has physical assets and IP (at a minimum the brand) which the creditors will then own. But I agree with you that the rot at the bottom of the system begins with the federal reserve and our endless money printing. In a hard-money system banks actually care about the loans they make.
- jondubois 6y agoWhen companies go bankrupt these days, usually there aren't enough assets left to cover the loss for creditors - Especially tech companies whose main assets are intangible IP which loses all of its value when the company goes down.