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The solvency gap is minuscule and there are known buyers lining up. They will pay a premium to acquire the business of 40k companies (and whatever is left of th
by mtremsal 4y ago
The solvency gap is minuscule and there are known buyers lining up. They will pay a premium to acquire the business of 40k companies (and whatever is left of the brand) and that capital (along with the assets) is ensuring creditors are made whole while shareholders get wiped. There is no bailout; people just seem to project 2007 onto a completely different situation.
- morelisp 4y agoFrom your mouth to god's ears, but this isn't what Tan, Cuban, Sacks, etc. have been asking for. They want a 100% commitment from the government.
- mtremsal 4y agoYes, the way I read this request (and Yelen’s response) the government’s “commitment” is meant to provide a floor for private offers so as to immediately address concerns, not as a primary path forward.