This is an aside titled 'Removing the stigma of bankruptcy' dated 8/18/09

From WSJ: “As long the economy stays grim, bankruptcy filings will become increasingly common – which may diminish the stigma that accompanies bankruptcy. It is, in a sense, surprising that so many Americans should still feel ashamed of bankruptcy when those in a far more comfortable situation feel no such chagrin. Corporate bankruptcies are an accepted part of doing business from Wall Street to Silicon Valley. Executives who collect $30 million from a bank in the years before it collapses are not expected to give it back.”

Posted by Joanne on Aug. 18, 2009 Tagged: , , ,

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