The Binder and Binder bankruptcy drags on. At the moment the hedge fund that has already sunk a lot of money in Binder and Binder wants to take it over but is being rebuffed.
Take a clue from someone who knows a thing or two about these things, Binder and Binder's business model never made sense in anything other than a very favorable environment and we've got an extremely harsh environment at the moment. Even in the unlikely event of the return of a favorable environment, Binder and Binder's "good will" is so far into the red that recovery is out of the question. The idea that the hedge fund that took Binder and Binder into bankruptcy is going to turn this thing around is preposterous.