Famous Quotes & Sayings

The biggest economic danger of the next 50 years is the coming crisis in entitlement spending. The problem is the entire health care system is in crisis. The entire U.S. health care system needs to be overhauled. If not, it will literally bankrupt the federal government.

The banks are saying that we expect bankruptcy law-related losses will subside because of the rush to file. But the undertone of credit quality is worsening.

The bankruptcy threat is real. As you know, we have been preaching for two years now about Northwest's financial troubles.

Jamie Dimon

The bankruptcy surge in 2005 will give us a benefit.

The bankruptcy issue is a one-time situation. Commercial and industrial loan growth was fairly strong and should be the key driver of earnings growth this year for the regional banks.

The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.

The numbers tell the story. Year to date in 2005, the company's operating earnings improved by over $450 million, despite fuel costs that are $1.3 billion higher than last year. When United exits bankruptcy in February 2006, we will be ready to compete aggressively with the best carriers in a way that is distinctly United.

It's common in a bankruptcy to have these charges -- you're cleaning house.

It's clear that the Delphi bankruptcy really precipitated a sense of urgency,

It's a matter of time before GM files for bankruptcy if these issues aren't addressed.

David Caruso

It's like owning a nice piece of real estate. You know it won't go bankrupt and you get a nice cash flow.

Banks are hypocritical to seek bankruptcy restrictions when their irresponsible marketing and extension of credit card debt has been an important cause of rising personal bankruptcies.

Bankruptcy is not the end of the world. US Airways is in bankruptcy, and they fly every day.

Bankruptcy is in the minds of the media.

Bankruptcy is becoming less of a risk, due not only to the rising fare environment but also to the likelihood that we are going to see some type of wage or productivity concessions.

Bankruptcy gets you a number of tools you can use to improve your financial situation, ... We don't think there are any more tools we can use.

Bankruptcy costs are expensive and necessary. That's something we said from the beginning.

Bankruptcy aside, we're always looking to get more out of the space we own and lease. With respect to the bankruptcy, it's premature to say what changes it might entail with respect to our real-estate portfolio.

Bankrupt companies are entitled to due process. But they can't use bankruptcy to skirt the process by which they're held accountable to regulatory bodies, particularly when there might be criminal conduct involved.

A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.

That's just so many financial barnacles to stick onto a bankrupt company. They're going to get scraped off.

Bottom line? Unless you're a bankruptcy attorney, this isn't going to mean a thing to you.

Tom Price

It's not too late. I think the bankruptcy filings give much greater clarity, and a greater imperative to Congress now to have an industry-specific solution for the airlines.

I don't think they want that process going though a bankruptcy judge.

Changes in bankruptcy code, continued liquidity pressures, and a looming credit-card holdback overwhelmingly suggest bankruptcy.

Buyers beware. This kind of move is not sustainable, ... The company went into bankruptcy a cadaver and it's coming out a cadaver.

The law has a one-size-fits-all approach, ... It treats people who have been hit by hurricanes in the same fashion as people who have ended up in bankruptcy from gambling or overspending or misusing the credit they were given.

All the major airlines, Southwest excepted, will be in Chapter 11 bankruptcy sometime in the next five years, ... But for those already leaning on the edge, this makes it a very simple decision for them.

The company could be sold, but a buyer would only do that with a bankruptcy filing,

The cost will be borne by the bankruptcy estate. It is not completely clear how broad the scope will be. All of these administrative expenses must be paid at the time the repayment plan is implemented. That is a big deal.

The market has priced out near-term bankruptcy risk. But the company still has industry risk, execution risk and turnaround risk.