bankruptcy


The Oil Crash Of 2016 Has The Big Banks Running Scared

By Michael Snyder Economic Collapse Blog January 19, 2016   The Oil Crash Of 2016 Has The Big Banks Running Scared     Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis.  Since the start of 2015, 42 North American oil […]

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Clinton Made Student Loans Non-Discharable

By Martin Armstrong Armstrong Economics October 19, 2015   Clinton Made Student Loans Non-Discharable     The two major acts that the Clintons did perpetrate, which have set in motion our greatest crisis were (1) they repealed Glass-Steagall allowing banks to go nuts and return to proprietary trading of the 1920s at the direction of […]


(Photo: Laser Burners/flickr/cc)

Banks and Punishments

By Christopher Brauchli Common Dreams May 24, 2015 Banks and Punishments     And watten penance will ye drie for that, Edward, Edward? A Scottish Ballad (about a man who killed his father) Occasionally people inquire as to the different treatment of different kinds of persons in our legal system.  As the U.S.  Supreme Court […]


Australian Satellite Company Backed by Export-Import Bank Loans Files for Bankruptcy

By Melissa Quinn The Daily Signal April 18, 2015   Australian Satellite Company Backed by Export-Import Bank Loans Files for Bankruptcy     An Australian satellite company backed by hundreds of millions of dollars in taxpayer-funded loans from the Export-Import Bank has filed for Chapter 15 bankruptcy, putting the company’s future in doubt. According to filings […]

(Image courtesy of David Cook)

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GM Won’t Face Ignition Defect Lawsuits, Thanks To 2009 Bankruptcy

By Chris Morran Consumerist April 16, 2015   GM Won’t Face Ignition Defect Lawsuits, Thanks To 2009 Bankruptcy   (frankieleon)   The same process that allowed a bankrupt General Motors to work its way back (with the help of several billion dollars from taxpayers) to being a viable business is, six years later, helping to […]


Huge Trouble Is Percolating Just Under The Surface Of The Global Economy

By Michael Snyder Economic Collapse Blog April 16, 2015   Huge Trouble Is Percolating Just Under The Surface Of The Global Economy   Did you know that the number of publicly traded companies declaring bankruptcy has reached a five year high?  And did you know that Chinese exports are absolutely collapsing and that Chinese economic […]

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Ten Times Worse Than RadioShack

By Bionic Mosquito Bionic Mosquito February 9, 2015   Ten Times Worse Than RadioShack     David Stockman has written a very thorough piece on the condition of the economy – specifically the amount of debt and the impact that the debt has on inflating many things, including asset prices and favored economic indicators, specifically […]


Stock Buybacks and Sears Death Spiral

By Eric Englund LewRockwell.com February 6, 2015 Stock Buybacks and Sears Death Spiral     On November 17, 2004, big news hit the retail world. Attention Kmart shareholders, your company announced that it was going to purchase Sears, Roebuck for $11 billion. In a November 18, 2004 New York Times article, it was stated: “The […]

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Outlawing “Bankruptcy” in Europe

  Source: http://mises.ca By David Howden Outlawing “Bankruptcy” in Europe   The European Union (EU) is currently discussing banning “bankruptcy.” Not the actual financial act, but the word. Apparently there is a stigma attached to going bankrupt. It leaves people thinking that perhaps you are not credit worthy and that they should think twice about […]

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What Recovery? Sears And J.C. Penney Are DYING 1

  Source: http://theeconomiccollapseblog.com By Michael Snyder What Recovery? Sears And J.C. Penney Are DYING   Two of the largest retailers in America are steamrolling toward bankruptcy.  Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral […]


The Detroit Bankruptcy Contagion – Interview with Ellen Brown

  The Detroit Bankruptcy Contagion – Interview with Ellen Brown       Published by NextNewsNetwork LOS ANGELES | On December 3rd, Detroit became the largest city to declare bankruptcy in American history. This case, which went on four months, protected the city from creditors. While some government officials blame Detroit’s financial woes on a […]

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Karen De Coster Discusses the Detroit Bankruptcy

  Karen De Coster Discusses the Detroit Bankruptcy     Published by       NextNewsNetwork   Karen De Coster interview with Gary Franchi for WHDT. The topic is Detroit and the city’s bankruptcy.