The Bear’s Lair: The unfunny money pits

By filing for Chapter 11 bankruptcy Wednesday Delta Airlines and Northwest Airlines should finally have made it clear to all that fixed-asset-rich businesses combine with a lax U.S. bankruptcy code to create a uniquely unpleasant money pit for investors, in which long term investor profitability is impossible. Corporate bankruptcy reform is essential for the survival of these businesses, enabling them to access the capital they need to build a sound future.

For more, link to the “Great Conservatives” website:

http://www.greatconservatives.com/pages/6/index.htm

Posted by karlmagnus on Monday, September 19, 2005 at 09:25 AM in Economics & Finance
Comments (2) | Tell a friend

Comments:

1

Posted by Geoff Beck on September 19, 2005, 09:38 AM | #

I’d prefer not to follow a link which then requires me to download a Microsoft Word document. I suspect many others feel this same way.

2

Posted by Martin Hutchinson on September 19, 2005, 09:46 AM | #

Not sure I see why e.g. a pdf file would be any easier/safer. The document is on Network Solutions’ server, and your own anti-spam protections should surely protect you from anything that might attach itself to it.

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