How many businesses did Shrub BANKRUPT? Did he take "moral responsibility"

[DesEtoiles]

for them, or did he just walk away?

Isn't it true that every company he ever ran declared bankruptcy?

Where's the personal responsibility?

How many times did Poppy or Poppy's friends bail him out?

[Skittles]

1. his daddy and his daddy's friends bail him out every f***ing time

that bastard bush has no experience with fiscal responsibility

[IdaBriggs]

2. Somewhere between 3 and 5, depending on how you count.

My personal favorite was when the assets of the company were worth $17K, but a friend of his dad's gave him a million dollars for it. But he killed that one, too.

The reason for the "multiple investor" thing is pretty obvious: it is illegal to bribe a sitting vice president or president, but NOT illegal to "invest" in their children's businesses. The "investors" were extremely flimsy "money laundering" operations for folks who were then appointed to positions of power in the Reagan / Bush administrations.

Don't even get me started on the baseball scam!

[SoCalDem]

5. Yep.. they "killed" Curtis-Mathes company for the baseball stadium

Good ole emminent domain..just forced a profitable company out of business because they refused to sell their property:grr:

[aint_no_life_nowhere]

3. Didn't Cheney threaten to use bankruptcy as a weapon re asbestos claims?

I believe when Cheney was CEO at Halliburton, his company bought the assets of another company (name I cannot recall) that had a crushing number of asbestos claims against it. I believe that Cheney threatened to take Halliburton into Chapter 11 (corporate equivalent of consumer Chapter 13) to try to get his lawyers to negotiate down the asbestos claims, offering the injured workers cents on the dollar. I believe that Halliburton in fact declared Chapter 11 and used that to negotiate its asbestos liability down on that basis. I also think that later, George Bush, instead of condemning that use of bankruptcy as a weapon in these injury settlements, said something like "we have got to end these frivolous asbestos suits".

[SoCalDem]

4. Poppy's pals always gave him a big.."please go bonus"

and then he would get involved in the next fiasco..