The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money

The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money

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The character Mike Campbell in Ernest Hemingway’s 1926 novel The Sun Also Rises was asked about his money troubles and responded with a vivid description embracing self-contradiction: “‘How did you go bankrupt?’ Bill asked. ‘Two ways,’ Mike said. ‘Gradually and then suddenly.’” Ground-hugging…

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