• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • bankrupt

    No Punishment for Bankruptcy?

    As Congress continues to deal with the “too big to fail” issue, it would do well to recognize that bankruptcy does not automatically equate with criminal behavior. Sunday’s New York Times ran a story detailing how Wall Street regulators have essentially “thrown in the towel” (at least for now) on … More

    Detroit Bankruptcy Is No Time for Federal Bailouts

    The city of Detroit filed for Chapter 9 bankruptcy protection yesterday with some $18 billion in debt, making it the largest municipal bankruptcy in the United States. There will inevitably be calls for the federal government to bail out Detroit. Washington should set a firm precedent now that it will … More

    Green Energy Companies Fisker and SoloPower Struggle Despite Government-Backed Loans

    One foot on a banana peel, the other in the grave. That’s where Fisker Automotive and SoloPower find themselves, struggling for survival despite generous government handouts in the form of loan guarantees and tax breaks. Should either company take a turn for the worse, a tombstone in Heritage’s “Green Graveyard” … More

    Rep. Tom Price: Obama Needs to "Press the Reset Button"

    President Obama’s refusal to balance the budget will soon leave Medicare, Medicaid, and Social Security bankrupt. That’s according to Representative Tom Price (R-GA), who spoke at The Bloggers Briefing yesterday and sat down for an interview with Heritage’s Jackie Anderson. Price and other congressional leaders have been advocating a strategy to … More

    Right-to-Work Gives Michigan Workers a Choice

    Conservatives won an enormous victory in Michigan last week. The state just passed a right-to-work law that makes union dues voluntary. Starting next year, union contracts cannot require employers to fire employees who do not pay union dues. The state that gave birth to the United Auto Workers union has … More

    Green Graveyard: An In-Depth Look at Government's Bad Bets on 19 Now-Bankrupt Companies

    As a follow up to the Green Graveyard overview, this post provides additional information concerning the funding for each of the now-bankrupt green energy companies. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies that were unable to succeed even with the … More

    Scandal-Tainted MF Global President Still Serving as EPA Financial Adviser

    Before he became president of MF Global, the bankrupt brokerage firm that lost $1.2 billion in client money, Bradley Abelow spent time as New Jersey’s treasurer and former Gov. Jon Corzine’s chief of staff. In those roles, Abelow served alongside Lisa Jackson, who led the state environmental protection department and eventually … More

    Morning Bell: Obama's Anti-Energy Policies Are Bankrupting America

    Randall Stilley has witnessed firsthand the Obama administration’s job-killing agenda. As the president and chief executive of Seahawk Drilling, he had to lay off 632 employees before filing for bankruptcy — a direct result of President Barack Obama’s anti-energy policies. Stilley’s company owned and operated 20 shallow-water rigs in the … More

    Morning Bell: A Desperate December Deal

    If you are one of the few Americans who still subscribes, your morning newspaper probably has a headline like this: Democrats Reach Deal on Health Plan. Don’t believe it. Majority Leader Harry Reid (D-NV) is still light years away from producing the 60 votes necessary to pass Obamacare out of … More