Re:Bankrupt Hertz targets Robinhood traders in plot to dump ...
by user5994461 on Saturday June 13, 2020 @01:07PM
(#23510871)
Depends how much lobbying power they have I guess? There are multiple competitors that are less dysfunctional and provide the same service. There is no legitimate reason to bailout Hertz in particular.
The debt itself must be car leased from the manufacturers (with some layers of insurance/bank atop), the manufacturers could restructure the debt to not bankrupt Hertz if they cared about it.
They could argue that they form a good chunk of the car industry, and without them car manufacturers might fold, and their suppliers, etc. It's therefore in the interests of the federal government to hand over large loans, and eventually forgive those loans in a few years...
If that happened, these shareholders would be pretty happy...