Posts Tagged ‘ bankruptcy ’

Government, Banks, Currency: Legitimacy Dwindles

Dec 26th, 2008 | By James Howard Kunstler | Category: Featured, Macro Economics, Politics
Zounds! Public sentiment toward the accelerating economic fiasco has shifted, seemingly overnight, from a mood of nauseated amazement to one of panicked grievance as the United States moves closer to an apparent comprehensive collapse -- and so ill-timed, wouldn't you know it, to coincide with the annual rigors of Santa ...read more


Bankruptcy, Not Bailouts

Nov 19th, 2008 | By Byron King | Category: Economics, Featured
I was looking through my pocket-copy of the U.S. Constitution for the “Bailout Clause.” I must have missed it. If any readers out there can find the Bailout Clause, please send me a note and let me know where it is. There is, however, a “Bankruptcy Clause” in the ...read more