Discussion in 'Economy' started by WillowTree, Apr 8, 2009.
tell me what "targeted bankruptcy" is? as opposed to Chp. 7 and Chp. 11?
Targeted bankruptsy is when you and I go bankrupt to keep wealthy people who screwed up from reaping the rewards of thier idiotic gambling.
???? not sure I understand that
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
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.
Watch this video and tell me what this dude is saying?
Car Trouble - FOXNews.com
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