A day once they declare bankruptcy so conspiracy theories claim mayan calendar was wrong and world will end on june 21st that means that the such a bank will inject at least another 100. 00 trillion dollars of money of 3. 00 or 4 trillion dollars afia money what could be more bullish for stocks and bonds wow this is going to be an epic rally could hardly wait. Well thats just kind of a joke but this next of mine is not a joke of course and this is that we saw on friday of last week that a bankruptcy judge mary walrath just approved hertz request to issue new shares now remember hertz is bankrupt as we told you they declared chapter 11 bankruptcy which means that shareholders will get nothing but share prices rocketed by up to 50600 percent they keep on going up and down then the judge approved the plan when the creditors came and said basically they wrote in an application to the court basically saying theres some maniacs who are buying this company and we the creditors have the full r
With debt service and costs that are higher than profits such a fundamentally important char american corporations are increasingly doing business only as a side possible to their real purpose which is transferring cast from lenders to looters remember the lenders are you know that all of those bonds thats being transferred to the Zombie Companies and theyre looting well you know this goes back to something weve been saying for a number of years now that corporations only really have a profit in terms of what they can engineer on their cash desks as theyre called right so you have like a Car Companies in america they start making money making cars they made money leasing cars and then taking the income from those leases and building derivative portfolios and ponzi schemes and then the executives of buy back their own stock and then the options go up in value and they all become billionaires somehow magically not knowing why even though their Car Companies were losing money and losing m
For common ground. Try max factor this is the kaiser report excellent news for stock market bulls looks like the mayans were a little off in their predictions the world is ending ending soon and nothing could be more bullish for stocks stays of course if you look at the stock market over the past month weve had some extraordinary days especially for companies that declare bankruptcy right this is the new adding dot com or a blocked chain to the end of your company name and it sends your stock price soaring in particular weve seen like a lot of companies go up over 100 percent in a day once they declare bankruptcy so conspiracy theories claim mayan calendar was wrong and world will end on june 21st that means that the central bank will inject at least another 100. 00 trillion dollars of money if not 3. 00 or 4 trillion dollars afia money what could be more bullish for stocks and bonds wow this is going to be an epic rally could hardly wait. Well thats just kind of a joke but this next h
Which means that shareholders will get nothing but share prices rocketed by up to 50600 percent they keep on going up and down then the judge approved the plan when the creditors came and said basically they wrote in an application to the court basically saying theres some maniacs who are buying this bankrupt company and we the creditors have the full rights in the courts in Bankruptcy Court so if these people are willing to give us their money for free then we should get that and she approved so i wrote about this again to remind you because this is something a quote from boston yet that we often say here on the kaiser report and that is one plunder becomes a way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies a right this is something new and initial bankruptcy offering be no better been done before and the equity. Hertz is worth negative 2000000000. 00 and the valuation in th
7488003. Or you can join us on twitter, cspanwj, or facebook. Com cspan. We will get your thoughts here in just a minute, but first joining us on the phone here is lawrence hurley, a Supreme Court correspondent. What was the question put to the courts and what did they decide . Guest thanks. The question is whether sex discrimination within the title vii, which is the federal law that bars employment discrimination, whether sex discrimination applied to Sexual Orientation and gender identity. The court in the ruling ,esterday said that it does which was surprising to some because you had chief Justice Roberts and justice and neil gorsuch joining the four liberals, as you mentioned, in that ruling. The court basically said that any kind of discrimination on the basis of sex is kind of a broad concept and that can include elements of discrimination that concern Sexual Orientation or gender identity. It reads prohibits employment through discrimination based on color, sex, andigion, natio