The Corner

The Big 3: Why Bankruptcy Is the Perfect Remedy for Financial (Not Economic) Failure

George Mason Law Prof Todd Zywicki’s class is in session at the WSJ.  After explaining the benefits of Chapter 11 for companies that need restructuring to compete in a still thriving industry (because, for example, they are burdened by unrealistic compensation/benefits arrangements with workers and top management), he adds:

Those Washington politicians who repeat the mantra that “bankruptcy is not an option” probably do so because they want to use free taxpayer money to bribe Detroit into manufacturing the green cars favored by Nancy Pelosi and Harry Reid, rather than those cars American consumers want to buy. A Chapter 11 filing would remove these politicians’ leverage, thus explaining their desperation to avoid a bankruptcy.

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U.S.

The Gun-Control Debate Could Break America

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Law & the Courts

Obstruction Confusions

In his Lawfare critique of one of my several columns about the purported obstruction case against President Trump, Gabriel Schoenfeld loses me — as I suspect he will lose others — when he says of himself, “I do not think I am Trump-deranged.” Gabe graciously expresses fondness for me, and the feeling is ... Read More
Politics & Policy

Students’ Anti-Gun Views

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PC Culture

Kill Chic

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