Gretechen Morgenson knows that international hedge funds destroyed Toys R Us to force people to buy on-line

    Neil Knight
  The absurdity of private held companies and the racketeering of hedge and private equity funds purchasing debt of companies and refusing a reorganization effort was laid out by the great columnist Gretchen Morgenson recently  as she pointed out why this holiday season we will no longer have a Toys R Us for people to shop. Basically five guy in suits decided the company was worth more dead than alive and fought against this iconic retailer having a right to survive and the opening up of space for potentially even more restaurants and casinos as this is what the landscape the one and five percent wish to see as they drive instead of a toy store offering a place of especial for generations of young children and their parents. Greedy private equity funds wish to see iconic American institutions destroyed and help out those loyal clients in tech or at least pave new ways for smaller international toy retailers.

 The five funds in this case—they also included Angelo, Gordon & Co., Franklin Mutual Advisers, Highland Capital Management and Oaktree Capital —were exercising their rights as creditors and their duties to generate returns to their investors. Secured creditors have secured too much power and strength as Morgenson writes in bankruptcy courts and often are only interested in making a profit for themselves than seeing to it these large retailers and other companies survive and manage their debt and survival more economically.

In all her years of covering business she never seen the eagerness to practically bury a company while it was still alive and the fake news that Amazon and other on-line sources killed Toys R Us is not  based in reality. What was based in reality was the largest debt holders demanded quick access and money in any way possible and much like the EU works to destroy Southern Europe countries these fund. many of these funds buy into a system and company they see it can bring to full decline and liquidate and by pass the timely debt restructuring plans that all companies go through with a normal process.