Posts Tagged ‘economy’
Should the Big Three auto companies be allowed to go bankrupt?
May 29th, 2010
If they do go bankrupt, won’t that leave the small suppliers holding the bag for money owed to them by Ford, Chrysler, and GM? How would that impact the economy?
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What is the point of people being allowed to declare themselves bankrupt?
May 5th, 2010
Is it a tool to stimulate the economy, because so many people mismanage their money and too many people in debt would create a freeze in spending and enterprise?
I ask because it seems unfair that people who take on the responsibility of credit can just declare themselves bankrupt,
with light penalties, such as not being able to buy a house for several years, a blot on their credit record etc
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