Bankruptcy is only for the poor February 26th, 2009 by DaveAdmin Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders. Rhetoric is rather different when talking about banks vs. automakers. When they mention GM and Ford, they say the stockholders deserve nothing because they were asleep at the switch. Automaker bankruptcy has almost become a Republican party platform (not that Democrats have not played the sam
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