Can Anyone

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

  1. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,196
    Thanks Received:
    10,175
    Trophy Points:
    2,030
    Ratings:
    +14,776
    tell me what "targeted bankruptcy" is? as opposed to Chp. 7 and Chp. 11?
     
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618
    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
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,196
    Thanks Received:
    10,175
    Trophy Points:
    2,030
    Ratings:
    +14,776





    ???? not sure I understand that
     
  4. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    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
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,684
    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
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,196
    Thanks Received:
    10,175
    Trophy Points:
    2,030
    Ratings:
    +14,776

Share This Page