Bankrupt(cy) Thoughts: Carillion’s Flaws Are Common to Many

by Edward Chancellor The collapsed UK construction firm’s problems may look idiosyncratic. But its problems with “onerous contracts” were exacerbated by a balance sheet stuffed with intangible assets and ultimately shaky assumptions. These issues are not peculiar to Carillion. Large corporate failures provide interesting insights into what’s been going on in the business world. Enron, … Continue reading Bankrupt(cy) Thoughts: Carillion’s Flaws Are Common to Many

Too Big to Fail Red Herring

by Chidem Kurdas The Obama administration has perfected the fine art of taking a real issue and using it to justify a policy that will almost certainly make the problem worse. Claim to control medical costs, add another trillion dollar medical entitlement to truly break the bank—that sort of thing. Looks like we have another … Continue reading Too Big to Fail Red Herring