[PAR35]

It was thought that the buyout would be followed by store closings. The sale of the firm’s many real estate holdings was supposed to pay off the debt that had been borrowed.

No, the purpose of a LBO is to make huge fees for the International Bankers with personal payoffs to the executives. The planned end game is based on made up numbers that rarely work.

The International Bankers may soak up any remaining equity through fees for a couple of rounds of bankruptcy, but in the end, as here, they discard the drained husk and their victims.

[StAnDeliver]

"The International Bankers may soak up any remaining equity through fees for a couple of rounds of bankruptcy, but in the end, as here, they discard the drained husk and their victims."

This is a great point - note the remarkably different way Bain/Mittens vulture capital was perceived versus Trump/Trump buildings and resorts.

They both are heavy breathers when it comes to OPM (other people's money), but Trump has very obviously produced architecture and livable spaces, both of real value.

[Redmen4ever]

Give that man a Nobel Prize!

The purpose of a business deal is to make money.