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Bipartisanship has taken us to the brink of bankruptcy. We don't need bipartisanship, we need application of principle... Where was the call for bipartisanship during the Obamacare debate? Not a single Republican voted for it. It wasn't about bipartisanship, it was about having the votes to dictate your will.
Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start.
A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.
What is the harm of doing the right thing? What is the harm of doing our job as legislators and making sure we do not stick the entire bankruptcy community with these provisions that do not make any sense?
If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks.
Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage.
In our equities business, 49 of the 50 most important Lehman clients are back doing business with us. The flows are 75 to 80 per cent of what they were prior to the bankruptcy. The issues which damaged Lehman were around commercial mortgages and illiquid private equity assets.
We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers.
The obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.
Bankruptcy exposes the economic vulnerability and insecurity of middle class women.
Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
Know what happens when an individual declares bankruptcy and how it affects his or her life.
Marilyn vos Savant
Other countries around the world make employees and retirees first in the priority. For example, in Mexico, the bankruptcy laws say if a company wants to go bankrupt... obligations to employees and retirees will have a first priority. That has an effect on every negotiation that takes place with every company in Mexico.
Medical debts are the number-one cause of bankruptcy in America.
Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.
Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.
Unemployment, foreclosures, bankruptcy - the cure is not more government spending, but helping businesses create jobs.
When I came in, the city was on the edge of bankruptcy. I'm proud of what I did. I built the foundation that mayors after me built upon - particularly Bloomberg. But the foundation was essential because if it hadn't occurred, we would have been another Detroit.
Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail.
A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.
Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.
Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.
Alexa Von Tobel
If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.
C. S. Lewis
Leonardo da Vinci
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