Bankruptcy Knoxville

In a previous post about companies that are “too big to fail” we talked about what the government should do with very large companies that affect huge portions of the economy. Well a new law Congress is considering would make it less likely for government to take over a company or bail it out, which [...]

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As a follow-up to the previous post, we all remember the AIG bailout and the subsequent bonuses paid to their top employees. You know, the same employees who helped facilitate this huge financial crisis? Well it was less publicized at the time that AIG also pressured the Fed to let them make their trading partners [...]

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