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By refusing to let bankrupt chaebol, such as Daewoo, fail and instead keeping them alive in "workout programmes", they are increasing moral hazard.
The senators had planned to make foreclosure relief part of the bill, by including a measure to let bankrupt homeowners have their mortgages modified under court protection.
When he unveiled the plan, Mr. Obama said that he would support legislation to let bankrupt homeowners have their mortgages modified under court protection.
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Let Motley Rice bankrupt them because of something they did three decades ago that was perfectly legal?
We won't let you bankrupt all your ordinary struggling households to try and make up for your failure to understand risky mortgages".
Perry also said she was "amazed and appalled" when Greuel sent a mailer to voters noting that Perry had filed for personal bankruptcy and warning, "Don't let her bankrupt L.A". The financial troubles, Perry said, stemmed from her former husband's law practice — a contention he backed up when the bankruptcy was first reported in the press.
I wasn't going to let Detroit go bankrupt, or Toledo go bankrupt, or Lordstown go bankrupt.
"Let Detroit go bankrupt".
Let A.I.G. go bankrupt.
Romney said, no, let Detroit go bankrupt.
We refused to let Detroit go bankrupt".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com