There's Radioshack the company, and RSH the stock. Some people with a lot of money tied up in RSH swaps ($25B) need RSH to succeed in order to make a huge profit.
How much money do you think these guys would throw down in an attempt to save the company from bankruptcy? My guess is the amount is many times higher than the amount of cash RSH would need to cover all its debt and close those 1,100 stores.
Remember, its not just lenders pulling the strings. There is a lot of money tied up in RSH's stock and those big traders don't like to lose.
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