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Quotable Notable Read the quotes below. Select one that appeals to you and tell why you find it to be a particularly compelling quote about bankruptcy.
A bankruptcy judge can fix your balance sheet, but he cannot fix your company. - Gordon Bethune, former CEO of Continental Airlines
Bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We’re a nation of debtors. - Elizabeth Warren, U.S. Senator PRODUCT PREVIEW Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it’s almost considered wise, a way to regroup and come back again. - David Dinkins, former Mayor of New York City If we don’t change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy. - Jim Cooper, U.S. Representative I often say to entrepreneurs, ’If Lehman Brothers were Lehman Brothers & Sisters, it wouldn’t have gone into bankruptcy.’ - Shinzo Abe, Prime Minister of Japan
Bankruptcy represents a longstanding commitment in this country to helping people get a fresh start. This principle has never been giving only certain people a fresh start. - Tim Johnson, U.S. Senator
In 1958, my father invested everything he had in a business venture and became the largest automobile dealer in Chicago for Ford’s new Edsel line. But Edsel sales plummeted and my father fell into bankruptcy. I watched him struggle, working long hours to protect us from poverty. - Radhanath Swami, Krishna-bhakti monk and author of The Journey Home
THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY 363
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