Sears Holdings Corp. (fka SHLDQ)

[Crusen]

IMO, we are absolutely, 100% hosed this time. With Mnuchin, amongst others.

Dynamic scoring, $100 mm undisclosed, pretty much as bad as I expected.

The US Treasury in the hands of a man who gutted Sears/Kmart, and manages to convince himself indymac didn't deliberately mislead mortgage holders into foreclosure.

Menendez pointed out that during that tenure, a hole in Sears pension fund grew to $2.1 billion. Now that the company is facing a real threat of bankruptcy, that matters to Mnuchin's appointment. Lampert loaned Sears a bunch of money, so as it stands now, he could get paid before any other part of the company, including the pension.

If he becomes Treasury Secretary, he will sit on a three person board called the Pension Benefit Guarantee Corporation. The PBGC will then have the power to decide whether or not Sears' pension plan is accepted or denied after it goes bankrupt.

http://www.businessinsider.com/trumps-treasury-pick-mnuchin-and-sears-lampert-relationship-2017-1

IMO the swamp has been drained directly into some very high positions.