There’s plenty of blame to go around regarding this fiasco, but don’t leave out the catalyst for the downfall of Remington. Cerberus “vulture” capital bought the company in 2007 and saddled it with hundreds of millions in debt while taking out healthy fees to compensate a multitude of bankers, lawyers and accountants. No lasting economic value was created except for the banksters who eventually walked away as the company slid into bankruptcy. Sad tale that is well documented for anyone interested
