Three Legged Monkey See - Three Legged Monkey Do

Turnabout is fair play.  Read all about it HERE. 

Looks like Mike Armstrong (who has a striking resemblance to Representative Steve Ortega) finally figured out a way to help himself out.  He declared bankruptcy like the Patriot Place people did so that he could get some legal protection to keep running his business.  I'd like to say it was "brilliant move,"  but the guys over at Patriot Place Ltd. already pulled the stunt and got paid $3 million for being so damn smart.  I imagine Armstrong is set for a million dollar payout or a very long lease renegotiation. 

I'd like to get into the finer points of filing for bankruptcy and how it's an awesome tool for people and businesses to use even when you're not out of money, but I don't have the time.  Ask a friend who knows about this stuff and it will blow your mind just how awesome bankruptcy can be. 

You might be a little startled that I used the words "awesome" and "bankruptcy" right next to each other.  That's because you're a victim of the credit card industry's decades long PR campaign to convince Americans that they shouldn't exercise their constitutional rights when it comes to debt.  A very specific and well funded campaign has been aimed at Americans for a long time and it has had the effect of making you think bankruptcy is on par with molesting children.  Tell me you don't think of it that way and I'll call you a liar. 

Can you imagine if the district attorneys of the nation all got together and started a billion dollar media campaign trying to convince Americans to never use their Sixth Amendment right to counsel? There would be blood in the streets.  For some reason nobody cares that the credit card industry is doing this with your right to declare bankruptcy under the uniform laws guaranteed by Article 1 Section 8 Clause 4 of the United States Constitution. 

And don't forget - bankruptcy, as you are told, is the worst thing you could have personally do.  Meanwhile - corporate America uses it a financial tool to increase profits!!!!!  The same people who tell you to never declare bankruptcy are the same people who do it every few years just to make sure they clear the books!

Anywho - sorry this became a rant about bankruptcy, but the saga at Hawkins Plaza goes on.

Comments

[WAYtooSMARTforTHIScrowd]

Spending WAY too much taxpayer bling on property, finding a way to screw up the most popular fight of the year, and continuing to spend money on this storm water drainage thing-y that only effects 1/10 of 1% of El Pasoans every 120 years. Yep...this is El Paso, and the year is only half way done. If you want some much-needed comic relief, go to Norma's blog and check out the pic of her. Can you say FLOOZY!? Sure, I knew that you could. When I saw that pic of her my first thought was, "Now there's a woman who could get elected to anything she desires." Uh, I'm going to bed. To hell with all of you. G'night.