Word: bankrupter
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...perhaps McAuliffe's most distinguishing feature as a moneyman--what separates him from those who've gone before him. People like Wasserman were multimillionaires before they got into politics. McAuliffe has done it the other way, using his political contacts to become a multimillionaire. In 1995 he acquired a bankrupt home-building business in Orlando, Fla., with the help of American Financial Corp. after soliciting its owner, Carl Lindner, for the D.N.C. "People like to do politics with me, and they like to do business," he says. Now that he's worth tens of millions, he says...
...TIME: If the quiet continues, it'll be clear that the Israeli leadership's thinking about Lebanon was bankrupt for some time. How will this affect confidence in the leadership in the future...
...Palestine, from dusty Riyadh to scenic Rabat, from war-weary Beirut and Baghdad to sleepy Muscat and Manama, from landlocked Amman to seafront Algiers. Oh, and Jerusalem too. Syria, Libya and Iraq will witness the deepest transformations for the simple reason that their eccentric ideologies are the most bankrupt--and the most out of synch with their people. Their institutions are corrupt. And their economies are moribund...
...regular basis. It isn't so much because I enjoy Glenn Ordway's witty banter or the overnight stylings of the "Two- Minute Drill," but rather because I've never heard so much done with so little. The Boston sports scene as a whole is about as bankrupt of entertainment value as a ride on the Orange Line...
There is only one problem with all this rhetoric: it's not true. That's the finding of a TIME investigation based on interviews with those directly involved in the system--judges, lawyers, trustees, bankruptcy professors and the bankrupt themselves--along with an examination of court records across the country and an array of statistical evidence. While lenders do indeed lose money on those who fail to pay their bills, the U.S. Bankruptcy Court maintains no statistics on the types of debt written off--credit cards, medical, personal loans--or the total dollar amount discharged. But whatever that number...