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New Re: [siiiiiiigggghhhhh]
I wouldn't agree that the "monied" class accepts bankruptcy as a normal part of doing business.

Bankruptcy = Failure

And failure is not a word "they" like to use.
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New Re: [siiiiiiigggghhhhh]
Bankruptcy is a Money saving process.

My Step Dad does it everytime he need a write-off and buys a failing small business. Runs it into the ground for all its worth and then does bankruptcy.

It saves him about $500K/year in taxes in good years and does not impact his monthly income one bit.
New Failure yes, but one that provides a profit.
     Here's one opinion on capitalism - (lincoln) - (29)
         A better definition - (boxley) - (28)
             Really? - (drook) - (24)
                 copper flooring and windows are not profitable assets - (boxley) - (23)
                     I think that's the point - (drook) - (22)
                         "Corporations are people, my friend." Oh, wait... ;-) -NT - (Another Scott) - (5)
                             Heard on The Daily Show - (drook) - (4)
                                 believe oh Son and repent - (boxley) - (1)
                                     That was a suicide -NT - (drook)
                                 Read on bumper sticker. - (mmoffitt) - (1)
                                     OT thought of a new bumber sticker today - (boxley)
                         why is it a sound business strategy? - (boxley) - (15)
                             Umm ... it's not. Did you miss where that was the point? -NT - (drook) - (14)
                                 You made the point - (boxley) - (13)
                                     Look at the incentives for management. Working as designed. -NT - (Another Scott) - (7)
                                         Just curious - (beepster) - (6)
                                             The ones that exist and reward the behavior. HTH. -NT - (Another Scott) - (5)
                                                 Re: The ones that exist and reward the behavior. HTH. - (beepster) - (4)
                                                     Don't play coy. It's unbecoming. - (Another Scott)
                                                     Krgthulu has more linkies this morning. - (Another Scott)
                                                     It just keeps getting better. Charlie Pierce today. - (Another Scott) - (1)
                                                         Cobb Energy GA same -NT - (boxley)
                                     [siiiiiiigggghhhhh] - (drook) - (4)
                                         Re: [siiiiiiigggghhhhh] - (beepster) - (2)
                                             Re: [siiiiiiigggghhhhh] - (folkert)
                                             Failure yes, but one that provides a profit. -NT - (mmoffitt)
                                         you appeared to be concentrated on a different point - (boxley)
             Re: A better definition - (S1mon_Jester) - (2)
                 Which is why he was convicted, yes? -NT - (boxley) - (1)
                     Correct, for misrepresentation... - (S1mon_Jester)

For Wade, it is to wonder.
50 ms