All Commentary
Thursday, May 6, 2010

Liquidation Fund Dies in Senate


“The Senate on Wednesday jettisoned Democrats’ contentious $50 billion liquidation fund for failing financial service companies and instead overwhelmingly embraced an alternative that would try to shield taxpayers even as the government tries to impose ‘orderly liquidation’ on big failed firms. ” (Washington Times, Thursday)

Failing companies must be allowed to fail.

FEE Timely Classic
“Insolvency and Bankruptcy Law” by Dennis Bechara