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Moody's Investors Service, for instance, predicts that the default rate on corporate bonds - which foretells bankruptcies - will be three times higher in 2009 than in 2008, and 15 times higher than in 2007. That could equate to 25 significant bankruptcies per month.
Originally posted by Ex_MislTech
25 major companies possibly bankrupting per MONTH ?
Are we about to have a continental flea market here ?
The 15 most likely to fail first according to the article:
01) Rite Aid
02) Claire's Stores
04) Dollar thrifty automotive group
05) Realogy corp.
06) Station Casinoes
07) Loehmann's Capital Corp
09) Six flags
11) Krispy Kreme
12) Landry's Restaurants
13) Sirius Satellite Radio
14) Trump Entertainment Resorts Holdings
*** In trump's case I think bankruptcy is part of his plan ***
Originally posted by alyosha1981
reply to post by space cadet
I'll go easy on this one. Shouldn't those "struggling" employees be able to obtain more gainfull employment then the local video store? If not then who's fault is that?