Five months after Foxtrot and Dom’s Kitchen & Market merged, the new company appears headed to bankruptcy and all its stores in Illinois, Texas, and the D.C. area are closing on Tuesday, April 23.
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Quotes tagged ‘Bankruptcy’
J.Crew isn’t just any “mall brand”—it’s a brand that became synonymous with American style, with a story that is thoroughly American.
It's a sad, sad day for everyone who likes trendy fast fashion that's super cheap: Forever 21 just filed for bankruptcy.
We rip out so much of ourselves to be cured of things faster than we should that we go bankrupt by the age of thirty and have less to offer each time we start with someone new. But to make yourself feel nothing so as not to feel anything—what a waste!
The banking industry bought everything; they even bought their own facts. The industry commissioned three different studies, each of which was touted as independent. Each explained the urgent need to change the law—exactly the way the banking industry wanted it changed. One particularly damaging res…
This crisis didn’t have to happen. America had a boom-and-bust cycle from the 1790s to the 1930s, with a financial panic every ten to fifteen years. But we figured out how to fix it. Coming out of the Great Depression, the country put tough rules in place that gave us fifty years without a financial…
The Founding Fathers had called for bankruptcy protection in the Constitution itself, and surely even the banking lobby wouldn’t pick a fight with them.
Medical problems, job losses, and family breakups had laid these families low. Most had hung on and tried to repay long past any reasonable chance of doing so. As I saw it, the families in bankruptcy were mostly good people caught in a bad situation.
Rich Cordray did. Rich was fearless, and he led by example. Among other things, he investigated Capital One for misleading customers about the costs of free add-ons to their credit cards—free services that actually cost customers a total of $140 million. (He ultimately forced Capital One to send the…
The bankruptcy wars changed me forever. Even before this grinding battle, I had begun to understand the terrible squeeze on the middle class. But it was this fight that showed me how badly the playing field was tilted and taught me that the squeeze wasn’t accidental.
I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But people on the inside don’t listen to them. Insiders, however, get lots of access and a chance to push their ideas. People—powerful people—listen to what they have to say. But insiders also unde…
By late 2008, one out of every five mortgage holders owed more than their homes were worth. The banks called in the loans, and the foreclosure notices piled up.
The single best predictor that a family would go bankrupt was if they had a child.
[speaking to his wife over the phone] Dear, we agreed to put on a wedding, not go into bankruptcy... Caviar? Who are we inviting, the Czar? Get some cheese and crackers... some of those little cocktail weenies.
When every piece of furniture and your underwear are taken by the bank, when you lose your house in Florida, in New York, in Amsterdam and L.A., when your wife is dying and your son abandons you, you don't feel very good.
The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.