Sunday, Sept. 26, 2010 - 12:32 p.m.
Bankrupt
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I obviously don't understand the word bankrupt. At one point, it meant that a business was out of money so it was selling off its assets, reimbursing as many creditors as possible, and closing. Now it seems to be a 'get out of debt free' card.
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It is literally a bank rupture--
its a bank response-
bankrupt in the 21st C
is a process where by
the banks line up your debtors
and pay them off in order..
the Govt comes first ,
the banks come second
and everybody else
gets a scrap or nothing.
Too bad schmucks..
Those owed from an
officially bankrtupt bizz
can write some of that off
on their taxes..
I have been in the long line up
to collect from a bankrupt business..
I get nothing
but the feeling the bad guy
is being spanked -
but as soon as the hammer comes down the bankrupt business people
are free to start another business
and thus enhance our economy..
Its more an official witch trial
more to excorcise
doubt and despair demons
than recoup money ..
it's crude and ineffective
but it keeps crap moving
from the factory onto the shelves.
Not every bankrupt business
was evil or stupid-
with such extensive credit
holding the prosperity system together a break in the line
can create a train wreck elsewhere..
Its all about confidence and trust
to inspire commercial bravery..
Like these guys ( Blockbuster Video ) rented videos,,
no real loss of productivity here,
just a fatal kink in the fee flow
