Busted retailers use bankruptcy to break leases by the thousands

Re:Busted retailers use bankruptcy to break leases by the th... by rodgerd on Thursday August 06, 2020 @04:46PM (#24075288)

Funny how it's a moral hazard to bail out individuals weighed down by debt, but an economic necessity to bail out millionaires and billionaires who didn't do their risk analysis.

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Re:Busted retailers use bankruptcy to break leases by the th... by int_19h on Thursday August 06, 2020 @05:03PM (#24075445)

Or maybe they did do their risk analysis, and incorporated the likelihood of getting bailed out into that?

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Re:Busted retailers use bankruptcy to break leases by the th... by munk-a on Thursday August 06, 2020 @05:54PM (#24075885)

At this point they'd be fiscally irresponsible if they didn't assume a certain level of bailing out - and they're likely "investing" in relations with various senators and representatives to make sure their name is on the list of those eligible for the bailouts.

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Re:Busted retailers use bankruptcy to break leases by the th... by simonh on Friday August 07, 2020 @05:09AM (#24079918)

I agree bailouts should not benefit shareholders, but it can be pragmatic to rescue businesses, including banks, that are systemically important. That may mean the government temporarily assuming equity in, or ownership of the enterprise. The important thing is that it's the interests of the economy that are being safeguarded, not those of investors.

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