The only people really laughing are Anchorage Capital - all the way to the bank.
And the LPs and their investors, many of them are retirees.
Did Anchorage Capital pay some money in goodwill or entitlements to the Dick Smith employees? Somehow I doubt it very much.
Why should they?
Think about those people that you had displaced in your life, the job seekers who you competed out, the kids who would have played on the ground where you built your house, the dying kids in Africa just because you couldn't forgo a $10 lunch, .....
Did you ever pay some money in goodwill or entitlement to those folks?
Somehow I doubt it very much.
Don't hold others to a standard that you aren't willing to hold yourself to.