MarketWatch reports that Sears Holdings owner/CEO Edward Lampert is loaning the company $100 million to help it get through the holiday season.

This brings to $499.4 million the total amount loaned to Sears by Lampert’s ESL Investments hedge fund, the story says. The terms of the new loan says that Sears can borrow up to another $100 million “by pledging additional properties or assets as collateral.”

KC's View: The very fact that Lampert has a half-billion dollars to loan Sears means that he’s smarter about money than I am … but at what point is he going to realize that this thing simply is not coming back? Just curious.

Maybe the payoff will be total and uncontested control of Sears’ real estate when it finally gives up the ghost.