Wednesday, February 18, 2009
Why We're Broke
Why are we spending $780 billion to try to save USof A companies? The below is an article I just read. This company has gone bankrupt three times since 2005!! Yet, the CEO says, nothing will change and we'll do business as usual. What the hell?? If you've gone bankrupt three times in four years, you're obviously doing something wrong - even a business cretin like myself can see that. Change something, you moron.
CHICAGO (Reuters) The Chapter 11 filing marks the third plunge into bankruptcy for the company [Trump Entertainment], which was created out of a restructuring in 2005. It also underscores the struggles facing the casino business as recession squeezes casino gambling.
"This filing will result in no immediate change in our daily operations, and we expect to make no changes regarding our operating structure or philosophy," Trump Chief Executive Mark Juliano said in a statement.
Labels: government, scams
