[sytelus]

Wow... I have heard this story so many times. Question is how do you get $300M debt which probably everyone involved knew that it would be written off in short order?

[fuzzfactor]

When big money changes hands, at least one person on each end gets a bonus of some kind.

When it's $300 million the bonuses can be kind of sizable, so everyone else including the shareholders, be damned.

The shareholders don't find out until it's too late.