AuthorTopic: Official Death of Retail Thread: Life Without Walmart  (Read 21181 times)

Offline RE

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Re: Official Death of Retail Thread: Life Without Walmart
« Reply #210 on: October 15, 2018, 09:57:12 AM »
Quote
Lampert, who is also the company’s largest shareholder and lender, is hoping the deal, combined with a program of divestments, will give Sears a fighting chance to escape liquidation ahead of the key holiday shopping season, the sources said. Big banks, including Bank of America Corp, Wells Fargo & Co and Citigroup Inc, are expected to provide significant portions of the financing, the sources added.

I don't understand why ANY of these entities would pony up additional FRNs for Fast Eddie's looting scheme. Unless they get a taste.
There's no dealing like self-dealing.

Because they hold shares.  They don't want to lose the equity value, so they float more loans to keep the Zombie going.  It's the essence of "Too Big to Fail".

RE
SAVE AS MANY AS YOU CAN

 

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