Macroeconomics 3: Booms, Busts & Us
Planet Money Summer School
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Bankruptcy Is a Grueling Process.
The housing bubble burst. No new homes. No one was buying refrigerators, dish washers, mattresses. At the time, sales kept dropping and dropping and dropping. Then two thousand nine, you see where this is headed. The mass just didn't add up any more. Money from sales just wasn't enough to pay the bills. He told me that day that he filed for bankruptcy was one of the worst days of his life.
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