More smoke and mirrors. No one wants to accept the fact that these assets simply aren’t worth what everyone wants to will them to be worth. Putting them in the Entity’s hands won’t change a thing. Anyone who wants to buy this crap will still need to finance it and no one has capital to lend for this sort of crap.
My prediction: More smoke and mirrors to follow once people see through this silly ploy. And so on and so on and so on…
