bankruptcy

Damn that Barack Obama and his relentless destruction of free enterprise — he’s gone and done it again, this time killing off a fine little for-profit college that had done nothing wrong at all except for not actually teaching students much of anything, charging through the nose for its classes, and not responding to lawful […]

In a stirring victory for environmental justice, the federal Occupational Safety and Health Administration has slapped Freedom Industries — the company that leaked toxic coal-washing fluid into West Virginia’s Elk River and rendered the water unsafe for over 300,000 people — with an enormous pair of fines that will teach other companies a real lesson […]

Scott Brown just knows that you can’t go wrong slagging on Obamacare, because it’s unaffordable and doesn’t work. This is just a given. And so maybe Brown wasn’t quite ready for the reaction he got when he was visiting with New Hampshire state Rep. Herb Richardson, and Brown said that Obamacare was a “monstrosity” that […]

Don’t look now, but marriage as we know it is crumbling. Seriously, the allure of man-on-dog-on-oak-tree action is running rampant, and Uncle Sam is doing nothing but encouraging these unnatural homosexual unions, and treating gay people like people, which is UNACCEPTABLE. Attorney General Eric Holder is pushing this ‘all men created equal’ bullshit even further, […]

Happy weekend, wonktastic ones! You know how it works: Every weekend we see what horrible crud is stuck in our open browser tabs, bring you the stories that are too stoopid to ignore, but not quite worth a full post on their own, and then spend the rest of the day waiting for Heidi N. […]

Tragedy befell Detroit (again!) with the New Year, as Italian car-joke maker Fiat announced it was buying the 41 percent of Chrysler stock that it doesn’t already own. Fiat was invited by the Obama administration to buy a stake in Chrysler in the tragic summer of 2009, when Chrysler and GM went through government-assisted bankruptcy […]

Seems like only the beginning of this month that we were all outraged and stuff about the terrible news that the Archdiocese of Milwaukee was playing hide-the-assets in an attempt to avoid paying compensation to victims of sex abuse. And now, not only has a federal judge declined to say, “No, Archbishop, that’s arch-villainous,” the […]

After decades of declining population, factory closures, middle-class flight to the suburbs, and a shrinking tax base, Detroit filed for bankruptcy Thursday, leading to uncertainty about how the city will continue to provide essential services and meet its commitments to retirees — nah, just kidding, it doesn’t have to do any of that. Somehow, the […]

Wonketteers are all latte-drinking Prius-driving libruls, so they are all probably avid New York Times readers who are very familiar with the Times’ ongoing series on income inequality, “The Great Divide.” But just in case! Today’s installment is a cheery essay by Joseph Stiglitz, titled “Student Debt and the Crushing of the American Dream.” Doesn’t […]

This month marks the ten-year anniversary of the invasion of Iraq and Operation YARRRGHHHH FREEDOM LIBERATORS DERPDERPDERP. Do you remember where you were when you first heard our brave troops had crossed the border in their insufficiently armored vehicles? We were in a cubicle in Burbank, CA, reading CNN and facepalming, but as much as […]

The city of Detroit, which has been basically issuing bonds to pay for daily expenses since 2005, is in such bad fiscal shape that even people who bought exurban McMansions in 2005 with reverse-money-down ARMs think the city is in a financial mess. That’s why America’s favorite pro-”right-to-work” nerd-governor, Rick Snyder, is going to appoint an emergency […]

Well now we have TWO Sadz! First we watched the Span’s rerun of the Gore-Bush debate where Jorge Boosh said things like “an elderly,” and now we have read this Daily Caller piece about a seemingly sort of disassociative old man who is running for Congress (as a Republican) in Michigan, and who may kind […]

Yesterday, we learned a lot of fun facts about the one trillion dollar student loan bubble! Like the fact that student loans (unlike any other unsecured line of credit) cannot be discharged in bankruptcy, so the debt will never, ever go away,  not even if you die, and that banks will even garnish your social […]

We have had a lot of fun over the years pointing and laughing at Ol’ Yeller, Newt Gingrich. One of the things we have liked best is laughing about how very bad he is with money, because of how he is a common hustler who rips off everyone within a 26,000-mile radius. But today, Reuters […]

Constipated space hippopotamus Newt Gingrich has perfected the alchemical formula for converting moral bankruptcy into actual bankruptcy, because of his five hundred PhDs: The health care think tank that Newt founded, the Center for Health Transformation, filed for Chapter 7 bankruptcy Wednesday. This is similar to how Newt’s campaign is $1.5 million in debt, and […]