r/wallstreetbets • u/JadedAsparagus9639 • 5d ago

News Hooters files for bankruptcy

https://www.cnn.com/2025/03/31/business/hooters-restaurant-bankruptcy?cid=ios_app
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u/Leading_Ad_8619 5d ago

I get 2 can be done once, maybe 2 times...but who keeps lending them money after awhile

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u/Juijin 5d ago

Banks. Banks sell the loans and debt to pension funds so the banks get paid.

Private equity is paid. Banks are paid. We know who won't be.

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u/Forsaken_Creme_9365 4d ago

But pension funds usually have really strict rules about who they are allowed to buy. If the banks obfuscate risks by bundling bad assests with good ones so when the bad assest goes belly up the whole product only loses 20% for example, then it's the banks fault or the fault of the rating agencies.

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u/ShortTheseNuts 4d ago

Hmm where have I seen this one before

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u/zffjk 4d ago

People wouldn’t let them bail out the banks again, but I can see them bailing out pension funds and getting away with it so ma and pop don’t have to resort to OnlyFans to survive.