Re:Why Is the Stock Market Booming?
by Red_Leaves_Flyy on Friday April 10, 2020 @04:33PM
(#22837067)
Part of the reason why private equity loves bankruptcy is because they're so successful at divesting all the risk and costs of acquiring toxic assets. Change these dynamics by making the employees whole first.
Also, beneficiaries of bankruptcies are the same billionaires and hedge funds being bailed out now. Distressed private equity funds will be salivating over all the fire sales.