Tuesday, December 13, 2011

Bankruptcy holds no stigma for corporations


This columnist makes a good point about how we think it's wrong for people to walk away from debts they can pay, but giant corporations get praised for doing the same thing.  I do lean towards being mad at the corporations rather than thinking we should excuse everyone who walks away from their house.
Bankruptcy is an important part of our government - debtor's prison is not the way to go.  But if corporations are people we should give them the stink-eye for elective bankruptcy.

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