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Weep not for Sears. Praise the glorious market that killed it: Terence Corcoran

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Weep not for Sears. Praise the glorious market that killed it: Terence Corcoran fpcomment Sears

 

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fpcomment Markets didn't kill Sears. Insane securities legislation and politicized regulations killed Sears. As it has many other once very healthy corporations attacked by financial piranha.

fpcomment The trend* towards fewer and fewer sources of employment should be of great concern. (*I've followed it since the 1980s, new sectors have emerged,but NOT in sufficient quantity )

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Sears to stay in business after Eddie Lampert’s hedge fund wins bankruptcy auctionLampert’s bid prevailed over competing proposals from liquidators that would have forced the chain to shut down and sell its assets
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