Archives for: Credit Defaults
Capitalism Without Bankruptcy is Like Catholicism Without Hell
by Mitch Feierstein about 7 years 5 months ago
Barack Obama was recently on the stump, defending the latest set of lackluster jobs figures. Obama blamed ‘serious headwinds’ including higher gas prices and, more recently, the developing crisis in the Eurozone. Having handed much of the blame to foreign oilfields and European crises, he returned to more familiar ground, bashing a Republican-controlled House for blocking some of the proposals in […]
An America divided against itself: US debt is way past the ceiling
by Mitch Feierstein about 7 years 5 months ago
Barack Obama made a speech recently pledging his opposition to (yet another) game of chicken over America’s debt ceiling. “This is the United States of America,” he told his audience. “We’re not some banana republic. This is not a deadbeat nation. We don’t run out on our tab. We’re the world’s bedrock investment – the […]