Category: Bankruptcy
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Farms
The Farm Crisis examines the tragic circumstances faced by farmers for most of the 1980s, when thousands were forced into bankruptcy, land values dropped by one-third nationally, and sky-high interest rates turned successes into failures seemingly overnight. Gov. Terry Branstad, Sen. Charles Grassley, Sen. Tom Harkin, former Rep. Jim Leach, the late Mark Pearson, former…
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Rogue Trader
Nick Leeson, the infamous trader whose 1.4B loss led to the collapse of Barings Bank 30 years ago. Leeson reflects on his overwhelming feelings of embarrassment and shame stemming from his role in the bank’s downfall, emphasizing that despite a successful start to his banking career, he ultimately failed to achieve what he wanted.…
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City Debt Bubble?
https://www.truthinaccounting.org/news/detail/financial-state-of-the-cities-2024