So, this happened when we did railway tracks. In fact, it happened twice in the UK and twice in um the USA. Then, we bankrupt ourselves putting the electrification grid in place. We bankrupted ourselves putting uh highways in place. Now, there's something thatmakes this worse than ever before.
other people can't get credit at all because that credit is being diverted from the government to other companies that should be going bankrupt that shouldn't that shouldn't even that shouldn't even exist. Uh but they they have us believethat no no we we have to prop these companies up. The companies have to fail. That's all part of the solution.
on politicians trying to get elected or trying to get votes. We need in we need resources allocated by entrepreneurs bankrupt . The losses are cut. If he if he if he if he bets wrong, he loses. If the government bets wrong, they just get
he's got this work ethic that just never stops and and he's kind of a major poit bankrupt three times um taught him to taste because he was a
Syrian conflict in the Syrian refugee crisis is also tied to water water shortages in the rural areas because of drought you bankrupt a lot of farmers bankrupted Farmers mooved to the cities they have very large bankrupt and un unemployed populations in the cities well that's a problem uh overlay on thatoppressive government autocratic government things like that and you get a refugee crisis that's having effects on global elections in England with
There's a great academic paper that found that companies owned by private equity are 10 times as likely to enter bankruptcy proceedings as other kinds of companies. I think if this were any other kind of business model, we would just look at that and say, "Okay, that model does not work."
what a mistake that was." So now they're saying, "Let's do that to the Reds." Okay, we'll bog them down, bleed them to bankruptcy, and force them out the hard way and and hurt them in doing that. So that's what they were trying to do. That was the wisdom behind the operation in the first place. And now if you go click back one to Brazinski, you'll see where
And she said to me, Adam, that sounds great but student debt is the only debt in the United States that you cannot declare bankruptcy on. And I remember-- you know, I have a financial background, started my career at Bain, been working at hedge funds since I was like 16.
So anyway, I hear this story about one of the most amazing engineering projects of the last century that became the biggest bankruptcy in American history. It was the year before Enron.
dealers again was through bankruptcy the problem with bankruptcy was that traditionally when a company goes into bankruptcy it could stay there for a year or more and many companies have gone through bankruptcy successfully but we could not find a single example of a company that had gone through bankr rupy that sold a product like a car and what
You know, there are some famous examples of horders whose homes got so filled with crap that they actually died from it. There's a famous brother -- the Collyer brothers bankruptcy. So, I'd rather see the government spend -- you know, I think the answer to our current problems is not to tell ordinary people to go out and
should do let's go to the instead of salburg and Mur let's go to the zels because he has a company in bankruptcy say it's truly too late for him yeah well um but he may be crazy enough to do to do some interesting things whether he's Visionary enough I don't know but take the LA Times um last year the editor of the LA Times Russ
the transition What in in September when we first sat down to uh right this is right as the as as lemman brothers is going bankrupt the the uh the financial crisis is deepening uh the house had just passed $150 billion stimulus Bill and uh the president said we didn't need a second President Bush said we didn't
Dubai is not an easy place. The bankruptcy laws are not particularly friendly for people starting off.
It's in our book. to bankrupting us. Next question.
So you've heard that the rates of diabetes in America are on the rise, likely, and you've often heard that the cost of caring for long-term chronic disease risks bankrupting our health care system. But what Elle, Coach, and I are here to talk about today is the personal price that chronic disease can play.
A bankruptcy of one institution like Lehman Brothers just sent this whole thing to implosion.
This bankruptcy-- 80 different bankruptcy processes or more started over the world.
The bankruptcy slowed our clock.
Well bankruptcy is a pretty good one.
it bankrupted homers I think cousins car company they said if you have collaboration in cars that's absurd on
into bankruptcy. And this was early in the days of blogging and he decided to start a blog called Pollitika, which is sort of like the Daily Kos. Uh, is it's one of these sites
was sure that if disaster ensued All Eyes would be on me in particular I worried about the much discussed Prospect of putting the automakers into controlled bankruptcy a radical approach that defied conventional wisdom while the president's speech the next day would leave open the possibility that bankruptcies might be avoided I knew that the mere mention of it let alone
He went bankrupt shortly after Alfred was born.
He had bought a bankrupt rocket company in Texas called Firefly, and he was trying to-- it was this amazing dream to unite like the Soviet
I almost went bankrupt because I wanted to be this tycoon of media, tycoon where I wanted to-- where I borrowed money
Detroit went bankrupt . There were millionaires I helped create in Detroit through the Automotive Supplier Diversity program.
You'd bankrupt the world if every car had to be junked after one ride.
It went bankrupt on the day this was published.
They go bankrupt due to the rolling recessions in the '50s, and 90,000 jobs were lost on the East Side in two years alone.
Borders is bankrupt . The Borders Foundation will not die.
And they were bankrupt for two reasons.
We we're bankrupt by the summer.
But the company went bankrupt the next year American ballet company was almost...
But it went bankrupt so I had to find a new job.
went into a bankrupt .
So they went bankrupt .
He went bankrupt . So he was struggling.
General Motors went bankrupt .
You're going bankrupt . And they almost don't send it out, but they do.
They went bankrupt last year.
The foundation was basically bankrupt .
Eventually he went bankrupt .
His broker went bankrupt when the people who had lent against those warehouse receipts came looking for some deep pockets, they found American Express.
then it will bankrupt itself.
continue to bankrupt ourselves, both financially and environmentally.
It had been declared bankrupt .
We were almost bankrupt .
And they're going bankrupt .
is going bankrupt , that it doesn't really have any money, that it's a Ponzi scheme in which today's workers simply