The contrast couldn't be greater.Here's Best Buy (BBY) with cash flow declining like lightning that might go private in part because a former CEO and founder can't believe how his mighty colossus has fallen. And on the other side is Amazon (AMZN), which yesterday raised $3 billion in a bond offering for general corporate purposes. One founder, Richard Shulze, wants to lay on billions of dollars in high-cost debt to take advantage of the low price of Best Buy, with the hopes, no doubt, of bringing it public again one day in more forgiving times. I can only imagine the size of that coupon. Could they borrow at 5%, 6%, 8%? On the other hand, Jeff Bezos is borrowing at three five- and ten -ear intervals for 0.742%, 1.301% and 2.601%. Those are Uncle-Sam-like rates for Amazon. Incredible given how, when Bezos was building Amazon, it was always considered to be one step from bankruptcy. These two companies are mortal enemies. How many times a day do people sample at Best Buy, get hassled to take the warranty and be offered a price that may not be as good Amazon but has to be carried to your house by yourself? How many people pay taxes at Best Buy and don't pay taxes on Amazon? Yet one is going to be armed with incredibly high-cost debt and the other is borrowing as if it has Triple-A credit rating. Best Buy's not bring a knife to a gunfight, it's going empty-handed. Of course there are some real ironies here. First, Best Buy would be taking on debt to go private and shrink. Amazon's taking on debt because there are so many opportunities to grow. Best Buy might not make it if it does nothing. But who in heck would take down the debt that Schulz is offering? Perhaps the same people who took down the debt of the Tribune Corp. when it went private, the employees? That was the last time I heard about a deal that would be this dumb. But Amazon? With that amount of capital and at those prices not only does it have a chance to put Best Buy in an early grave, it can go after almost every retailer that is burdened by high-cost debt and brick-and-mortar leases.