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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (216666)2/1/2005 8:11:52 AM
From: SilentZ  Read Replies (1) | Respond to of 1571826
 
A company is bankrupt when its liabilities exceed its assets AND no one will let it borrow money to cover that gap.

-Z



To: Elroy who wrote (216666)2/1/2005 10:10:47 PM
From: RetiredNow  Read Replies (2) | Respond to of 1571826
 
Any organization that has fewer assets than liabilities is technically insolvent. That's a fact. It can still have cashflows and it can still be salvaged, but it is insolvent. SS is heading down that same road. Today it is solvent. By 2042 it will be insolvent AND it will be cashflow negative by 2018. If it were a public company, would you invest in an outfit like that? I know I wouldn't.


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