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Yeah, this is just debt recapitalization. And it can totally work! But it often (usually?) backfires spectacularly.
by fisherjeff 3y ago
Yeah, this is just debt recapitalization. And it can totally work! But it often (usually?) backfires spectacularly.
- mschuster91 3y ago> But it often (usually?) backfires spectacularly. Indeed, with oftentimes massive cost to creditors (banks, employees, vendors, landlords, unemployment insurance schemes, taxpayers). I wonder why such schemes haven't been banned yet, or what kind of catastrophe it needs to push regulators into action.