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Jim Jim is offline
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First recorded activity by BoatBanter: Dec 2009
Posts: 655
Default How wall street blew up the housing market

Wayne.B wrote:
On Tue, 31 Aug 2010 14:05:02 -0500, Jim wrote:

Here's the top 10 U.S. bankruptcies.
You pick the ones killed by unions.
I'll pick the ones killed by management.
They're all mine. Every single one.


Lehman Brothers Holdings Inc. 2008-09-15 $639,063,000,800
Washington Mutual 2008-09-26 $327,913,000,000
Worldcom Inc. 2002-07-21 $103,914,000,000
General Motors Corporation 2009-06-01 $82,300,000,000
CIT Group 2009-11-01 $71,019,200,000
Enron Corp.* 2001-02-12 $63,392,000,000
Conseco, Inc. 2002-12-18 $61,392,000,000
Chrysler LLC 2009-04-30 $39,300,000,000
Texaco, Inc. 1987-04-12 $35,892,000,000
Financial Corp. of America 1988-09-09 $33,864,000,000

Jim - Facts are easy to come by. But it's even easier to wing it.


Speaking of winging it, what makes you think that Texaco went
bankrupt? They merged with Chevron in 2001, very succesful at the
time of the merger, still successful as a merged entity today.


Go argue with the Wall Street Journal, wiki, etc.
That's where the chart is from.
Next you'll be claiming GM and Chrysler didn't go bankrupt either.
FYI, Chapter 11 is bankruptcy.
You don't get to make up your own bankruptcy rules on rec.boats.
Speaking of Dodge, nice one avoiding answering why so many non-union
companies go bankrupt.
I'd do the same - if I was prone to dodging and cherry picking.
I'm not.
So I'll just assume you didn't answer because you can't blame a union.
That's clear enough.

Jim - Done here.