Basically, the company had to pay for its own buyout when private equity firms KKL, Vornado, and Bain bought the company for $6.6 billion, mostly with loans.
Because the company then had to pay off those extreme loans, they were forced to sell off their assets and property, which they leased back from the very private equity firms that now owned them.
The same thing happened more recently with Red Lobster and JoAnn Fabrics.
You will not build a new financial system without structures of power. The best we can do is to understand the structures of power and how to combat them.
Structures of power… You mean “guillotines”?
— Buckminster Fuller