It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The U.S. Courts released data last week closing out the 2009 fiscal year. In the release we find that bankruptcy filings are up 100+ percent from 2007. No other economic vehicle shows deeper signs of financial strain than bankruptcy.
In 2005, the bankruptcy code was redesigned by the banking oligarchs to stick it to the average American yet again. That is why if we look at quarterly filings, we see an enormous spike in 2005 before the modern debtors’ prison made its way back: