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[Marxism] WSJ: Fictitious Capital
"What about big financial houses, though? Why can't they go through bankruptcy
the way Macy's and Delta Air Lines did? One reason is that a retailer or
airline can shed debts and then operate stores and airplanes. Financial
institutions have nothing so tangible: They basically have their names, their
people and their ability to borrow a lot of money short term. All of that can
vanish instantly while a judge ponders the matter."
"Bankruptcy Is Vital to Capitalism." By DAVID WESSEL. APRIL 2, 2009
Full at http://online.wsj.com/article/SB123860761117578957.html
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