Summary
Protection racket: how bankruptcy went from saving the average Joe to shielding the CEO
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Extract
Debt's Dominion.
DEBT'S DOMINION by David A Skeel, Jr. Princeton University Press, $35.00.
IMAGINE THE GOOD FORTUNE TO BE AN author whose history of bankruptcy in America is published just as Enron collapses, the credit card industry clamors to get tough on the customers it addicted to plastic money at 26 percent interest, and while the garbage that passed for accounting at Waste Management still fouls the air. America could use a competent history of bankruptcy law right now because the excesses of the past two decades are about to bring us a new round of debtors seeking refuge from their creditors, some desperate and some manipulative. One bill favore...See the full content of this document
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