Last night Frontier Communications filed for bankruptcy.
- JC Penny is preparing to file for bankruptcy.
The 'too big to fail' (or jail, apparently) Banks have set aside billions for 'losses' and I don't think it will be enough as their profits drop sharply (watching JPM tank right now).
There's serious trouble in the US Oil industry while US demand for gasoline takes a dive.
This is the sucking chest wound caused by shutting down the economy, and there's worse to come IMO.
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