A Newsweek story offers us the headline:
?There Will Be Bankruptcies?
Are we talking about Wall Street firms? Big American banks? The big three automakers? No, those are operations that are too big to fail.
Russian leaders apparently like the idea of bankruptcy to help purge their economy of the malinvestment tied to oligarchs.
There are few ways in which America could benefit by following a Russian example, but embracing ?bankruptcy? over ?bailout? might be one of them.
