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And Why Not?

Armchair candidates abound this time of year.  One blogger has suggested that the candidates avoid using the term “bankruptcy”. For those people who appear on CNN and have ongoing publishing deals, bankruptcy may still be equated with financial failure.  For the rest...

The “B” Word

There are a number of words that we don’t want our children to say.  There are a number of words that we don’t want our politicians to say, such as “entitlement” and “government spending”.  We may also want to include “bankruptcy” in the no-say zone, since that word...

TARP Anniversary

Graybeards should call the florist.   Hipsters may want to take a stroll through the local Pier One or Kohl’s.   Big spenders may want to go here or here.  TARP celebrates its fourth anniversary this month. The Troubled Asset Relief Program and its mantra of “Too Big...

Income Does Not Mean Immunity from Bankruptcy

We all read the newspapers, and we all know how much high-level professional athletes are paid.  But underneath those oversized paychecks and oversized bodies, many of these men struggle with debt just like the rest of us.   Sometimes the issue is a lack of...

Addicted to Debt

For those of us who may have been living in a cave, here is the latest financial news: the United States government has a debt problem.  In fact, one prominent bond manager says that the United States is addicted to debt.  “The U.S., in fact, is a serial offender, an...