In investing, you ac always lose yt=our shirt. Despite what some pricing algorithms say, there is no risk-free rate of return. There are many, many examples of companies that emerged from bankruptcy,… (View Post)

Bankruptcy has been a thing in laws for centuries. Trying to demand protection from it is comic relief. The political pressures not to let this happen are interesting. And worthy of study. (View Post)

Sigh. Bankruptcy doesn’t mean the company going out of business. There is actually provision for this. The ones that are collapsing, such as Thames Water, have taken on vast debt, which they are stru… (View Post)

And there was non-trivial pushback that by getting all the documents revealed in Parliament, this was damaging National Security/Legal Process/Embarrassing Important People (View Post)

The Water Companies in question have bankrupted themselves. Keeping on proving them up as zombies is a stupid farce. Too Big To Fail is always a disaster. We need more bankruptcies in this country, n… (View Post)