Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts

Friday, July 17, 2009

Vice Presidential Nitwittery

According to VP Joe Biden what we need to do to keep from going bankrupt is to spend more money.

“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”

I'll bet he doesn't handle his personal finances this way. Or maybe he does!

Friday, June 5, 2009

Latest Government Bailout: Delphi

It's all in the timing, baby. Delphi has been in bankruptcy for three years now, fortunately for them, the government is riding to the rescue (through $30 billion they gave to GM)—to the tune of a paltry $2.5 billion—once again allowing billionaire's to allow great possible profits while sticking taxpayers with losses.