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Political Factoid
The outline of a corporate bankruptcy:
- Bondholders
... lose their investments
- Shareholders
... lose their investments
- Employees
... lose their jobs
- Retires
... lose their pensions and benefits
- Customers
.. lose their source of supply
- Suppliers
... each lose a customer
- CEO and other executives
... get big bonuses
(Often more than they were previously making)
It is called capitalism.
a.k.a. "redistribution of wealth."
cf.
3696
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