Proshares UltraShort Real Estate (SRS)

[FinancialAdvisor]

Now I'm too lazy to read the SEC filings, but according to Yahoo, the company (GGP) has total debt of 24.85 billion dollars.

I would say if they go belly-up, that 24.85 billion dollars gets dissolved and the creditors become the owner/operators of the malls, but I can't possibly fathom the 200+ malls being worth 24.85 billion dollars.

That's just absurd, how could the creditors possibly have allowed this to occur?

It's frightening, I even look at all the Dow 30 components, they all seem to be in over their eyeballs in debt. It's amazing, but I can't see how the largest banks and creditors can allow this to be a controlled implosion of debt contraction, not just in the commercial real estate market, but all across the board...