Tag Archives: Bankruptcy

Who Chooses The Favored and The Failures?

General Motors received a bailout because they were too big to fail. Bankruptcy protection for restructuring was unacceptable. The bondholders were left with nothing. Unions received an ownership percentage. And to date only a small percentage of the “loan” has … Continue reading

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California Doom: The First Domino Falls in Stockton

The LA Times is reporting that the City of Stockton is preparing to file for bankruptcy. This Gold Rush-era port city, an epicenter of California’s agricultural exports, will become the nation’s largest city to seek protection under the U.S. bankruptcy … Continue reading

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