Moral bankruptcy may be one of the quickest preludes to Chapter 11.
In detail: ‘Collateral Stripping,’ ‘Incremental Facilities,’ ‘Cov-Lite,’ & ‘EBITDA Add-Backs’
The myth of the “blackout period.” And the price of “unlocking value.”
China has a lot of balls in the air at the moment.
Yet, the crybabies on Wall Street are already clamoring for the “Powell put.”
US bank stock index down 17% from January. EU bank stocks crushed, crushed, crushed since Financial Crisis.
BlackRock is “a market power that no state can control anymore.”
Bankruptcy can only restructure debts; it cannot revive mutilated brands and bring back mauled customers.
This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed.
You’ve got to hand it to Musk.