Matt Levine, Columnist

Toys 'R' Us Might Raise Money on GoFundMe

Instead of giving investors a high junk-bond coupon, or even equity, they get factory tours and T-shirts.

Free t-shirts won't cut it.

Photographer: Patrick Gorski

This post originally appeared in Money Stuff.

Toys "R" Us is planning to liquidate after failing to restructure in bankruptcy, weighed down by too much debt that it took on in a private-equity leveraged buyout in 2005. But this guy has a plan: