This is the absurdities of our economic system. This coronavirus crisis is going to cause a big reset. Daring Fireball: Hertz Files for Bankruptcy, Somehow Accumulated $17 Billion in Debt
How in the world does it make sense for a company in a low-margin, long-established business with financials like this to rack up $17 billion in debt? When times were good this amount of debt would consume decades of Hertz’s profits. This is bananas.