Bankruptcy court approves Ponzi scheme True to Hertz’s present model of fucking things up, the bastards went and issued a paltry $500-million in stock yesterday after I doodled this on Sunday. That they were even authorized to do that at all still illustrates a glaring hole in our regulatory structure, but it’s only half as bad as it could have been. ShareShareClick to share on Reddit (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to print (Opens in new window)