And a bankrupt banking system would mean no credit, and no recovery.
But he stood firm publicly, arguing that to compensate the earlier victims would set a precedent for medical mishaps (such as brain damage at birth and faulty breast implants) that might bankrupt the health system.
It is possible that lawmakers would balk at trying to bankrupt the global financial system.
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Recently, no less an oracle than Federal Reserve Chairman Alan Greenspan argued that demographic changes--more people entering retirement coupled with retirees living longer--could bankrupt the Social Security system.
Court decisions have helped to bankrupt the national health-insurance system, only 45% of whose members now pay full contributions.
An obvious solution was to make the banks smaller, so that they could be allowed to go bankrupt without imperilling the rest of the system.
While still painful of course, cheaper for the taxpayers to take the loss this way than trying to rebuild a financial system from the rubble of bankrupt banks.
Whenever the story of coaching salaries surfaces in college athletics, many people within academia become enraged at the excesses of a system that some feel is corrupt of morals and bankrupt of amateurism.
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Our entitlement programs will bankrupt the next generation if this generation chooses not to act, and our tax system limits our economic growth and our global competitiveness.
You're exactly right that if we are going to reform our health care system, what we can't do is simply add more people to a hugely inefficient system that is costing us more and more each and every year -- because eventually it will bankrupt families, it will bankrupt state governments and it will bankrupt the country.
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