Word: bankrupting
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...extracted a sheaf of papers. "Here is a suggested contract. This way, it isn't reported to Moscow as an export sale, which avoids certain bureaucratic problems." Then came the clincher: when the deal was completed, the company that had received the development loan would be allowed to go bankrupt, and my companion would collect the "collateral" -- the rare metals -- from the Swiss bank...
...real scandal in welfare isn't the bad apples who break the law and abuse the system. The real scandal is the system itself," Weld says. "Welfare in Massachusetts is bankrupt. It is corrupt. It is messed up. And we're going to tear it apart and make it work...
...bank's finely tuned hedging strategy is thrown off balance, and it has no choice but to default on its contracts. A whole chain of interlocking obligations snaps, setting off a series of uncontainable defaults that shake the world financial system. The remaining stock markets plunge, companies go bankrupt, and lots of people lose their jobs...
...schools from dependence on local property owners, who may to may not have children in the public schools. Such was the case last year in Kalkaska, where voters were asked to approve a property tax increase that would have allowed the schools to stay open. They refused, and the bankrupt system was forced to close 10 weeks early. The new plan greatly reduced the power of the old and wrinkled over the education of the young...
...ends and Hillary begins") and Hillary's press secretary, Lisa Caputo, sat in front of a grand jury last Thursday to explain whether, by meeting at least five times with Treasury regulators, White House officials tried to interfere with the criminal investigation into Whitewater and its ties to the bankrupt Madison Guaranty Savings & Loan...