So Silly It Hertz

Posted by Tyler Durden

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“Perhaps both will want to snap up the USD1bn in a new bankrupt stock offering from a US car rental company whose name tells you everything about how silly this market is: so silly it hertz.
“I have to say that I have never seen a Debtor petition the court for permission to sell equity to idiots, er, investors….WHILE IN BANKRUPTCY!”
“The Most Absurd Moment In The History Of Capital Markets”: Hertz Plans To Sell Up To $1 Billion In New Bankrupt Stock
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