Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts

Thursday, October 2, 2008

The check is not in the mail

You know the old saying:

When you owe the bank $1,000 - and can't pay - you have a problem.

When you owe the bank $486 million - and can't pay - the bank has a problem.

This week, The Star Tribune told its lenders that they have a problem.