“That continues one of the toughest nuts to crack- how to determine a fair price for these “assets”..”
The free market is the best determinant of fair price. List them on eBay.
“List them on eBay.”
“Up for bids are a dozen Fortune 500 companies. Their value is unknown because they’re cooked their books for an indeterminate time, preferring to plow any “profits” into the pockets of their execs & various government officials. And the auditors they’ve hired to cover this up are all under investigation for fraud.”
The free market is the best determinant of fair price. List them on eBay.
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Free market theory doesn’t work in a distressed environment. Consider you own a house in a development of 100 houses each valued at $100,000. 20 of your neighbors need to sell at distressed prices of say $50,000. Is your house now worth $100,000 or $50,000? Now let’s say that those 20 forced sales cause another 40 to sell at $30,000. What is your home worth now? This is a panic situation. IMO, if you are not forced to sell, the value of your home will return to a more reasonable price (maybe not $100,000 but surely more than $50,000). The market needs to be calmed before prices can return to a more appropriate market value.