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Discussion in 'Economy' started by WillowTree, Apr 8, 2009.

  1. WillowTree
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    WillowTree Diamond Member

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    tell me what "targeted bankruptcy" is? as opposed to Chp. 7 and Chp. 11?
     
  2. editec
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    editec Mr. Forgot-it-All

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    Targeted bankruptsy is when you and I go bankrupt to keep wealthy people who screwed up from reaping the rewards of thier idiotic gambling.
     
  3. WillowTree
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    WillowTree Diamond Member

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    ???? not sure I understand that
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    I assume it targets some debts that need to be restructured - not all of them? GM is going to be broken up into two companies.

    Company 1: Good selling brands
    Company 2: Bad selling brands
     
  5. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    A play on Al Gores' "Targeted Tax Cut" phrase when he was running for Prez in 2000?
    I would guess that it's designed to make people who don't have a clue about economics sound smart.
     
  6. WillowTree
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    WillowTree Diamond Member

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