Eye of the hurricane – America Inc faces a wave of bankruptcies | Business | The Economist
YOU WILL get business failures on a grand scale. So declared James Bullard, president of the Federal Reserve Bank of St Louis, on May 12th. Peter Orszag, a former official in Barack Obama s White House and now with Lazard, an investment bank, warned that the American economy could face a significant risk of cascading bankruptcies . How bad will things really get for America Inc?