Bitcoin Forum
June 20, 2019, 04:10:13 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Why were all the bankruptcies announced around the same time?  (Read 827 times)
cafucafucafu
Hero Member
*****
Offline Offline

Activity: 658
Merit: 501


For Lady and Mister! Enjoy Bazista!


View Profile
June 16, 2015, 09:58:02 PM
 #1

During the last financial crisis, all these companies decided to announce bankruptcy at around the same time. Why?


▄██████████████████
███████████████████
███████████████████
█████████████████
███████████████
████████████████
████████████████
█████████████████
███████████████████
████████████████████
█████████████████████
▀████████████████████
Bazista®
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██

██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
██ █  ██ ██
██   ██  ██
██  ██   ██
██ ██  █ ██
|||
COINSWITCH
Trade 300+ coins
No Login
No KYC
Get $5 on 1st order
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
neurotypical
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


View Profile
June 16, 2015, 11:00:30 PM
 #2

During the last financial crisis, all these companies decided to announce bankruptcy at around the same time. Why?

Everyone was waiting that the next guy would declare bankruptcy. Once one bites the bullet the rest follow, this way it causes a chain reaction where no one really loses, specially if they are important businesses, they always get saved by the state with people's money.
Foxpup
Legendary
*
Offline Offline

Activity: 2590
Merit: 1512


Vile Vixen


View Profile
June 17, 2015, 05:11:00 AM
 #3

Because all those companies went bankrupt at the same time. They all held the same kinds of assets or were dependant on those who did, so when the assets become worthless, so did the companies.

Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
Amph
Legendary
*
Offline Offline

Activity: 2198
Merit: 1003



View Profile
June 17, 2015, 06:05:13 AM
 #4

because they don't want to reveal to other countries that your situation is crital, and you're in a bad economic condition, it is a form of shame after all

or simply coincidence

lihuajkl
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


View Profile
June 17, 2015, 07:02:47 AM
 #5

During the last financial crisis, all these companies decided to announce bankruptcy at around the same time. Why?
IMO it is the macro environment they are running on that are enforing the companies to make such hard decision. The company's business is relied on the health of the overall economy, such as GDP, inflation, employment, spending, and monetary and fiscal policy. So they end up not continuing losing money and have to go to bankruptcy.
Q7
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile WWW
June 17, 2015, 11:34:45 AM
 #6

That is because banks lend to each other and when one of it ran into trouble, it will drag the rest along. These are all caused by bad debts and I wouldn't be surprised that the laws and regulations did not really address all these to enforce and prevent another one from happening. And don't forget we also have the politicians to ruin it.

AtheistAKASaneBrain
Hero Member
*****
Offline Offline

Activity: 770
Merit: 505


View Profile
June 17, 2015, 02:24:46 PM
 #7

because they don't want to reveal to other countries that your situation is crital, and you're in a bad economic condition, it is a form of shame after all

or simply coincidence


I don't believe in coincidences. Like you said, it's just a political cold war were if you reveal your position, you are automatically in a disadvantageous situation, therefore, it's pretending game until the adversary collapses, which both you and your adversary don't know when that happens.
goosoodude
Hero Member
*****
Offline Offline

Activity: 585
Merit: 500



View Profile
June 24, 2015, 08:19:55 PM
 #8

During the last financial crisis, all these companies decided to announce bankruptcy at around the same time. Why?

Because they were connected like all banks are. Each bank hold liabilities against other banks. And each bank had papers that suddenly werent worth anything anymore. So suddenly they had less money in their books and it was often enough a hit big enough to make them go bankrupt.

Its the globalisation and market connection...






██████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████▄▄▄███████████████████████
███████████████████████████████████████████████████████████████████████▀▀▀████████████████████████
██████████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████████





...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






ThEmporium
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
June 25, 2015, 06:29:05 AM
 #9

During the last financial crisis, all these companies decided to announce bankruptcy at around the same time. Why?
Certainly all banks are connected as a chain all over the world, most of the banks are at least having a small branch in other parts of the world. This way they are interconnected with other region banks, so while they fell bankruptcy the other banks who has given debt to them will also fall into the crisis and that causes them to announce about their status at the same time.
Miracal
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
June 25, 2015, 04:26:01 PM
 #10

Declaration of bankruptcy for a company creates a huge panic in the market. If all the companies together declare bankruptcy, their value remains the same as all of these depend on each other. In this way, the collateral damage is reduced and helps the shareholders to keep their shit together.
Mehek
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
June 25, 2015, 04:39:43 PM
 #11

Declaration of bankruptcy for a company creates a huge panic in the market. If all the companies together declare bankruptcy, their value remains the same as all of these depend on each other. In this way, the collateral damage is reduced and helps the shareholders to keep their shit together.

Bankruptcy is a legal status of a person or a company or an entity that cannot repay the debts it owes to creditors. These creditors will come kick your ass if you don't pay their fucking money, but filing bankruptcy helps you to pay them back later. Bankruptcy is filed through the court and is protected under certain laws.

Miracal
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
June 27, 2015, 07:19:49 AM
 #12

Declaration of bankruptcy for a company creates a huge panic in the market. If all the companies together declare bankruptcy, their value remains the same as all of these depend on each other. In this way, the collateral damage is reduced and helps the shareholders to keep their shit together.

Bankruptcy is a legal status of a person or a company or an entity that cannot repay the debts it owes to creditors. These creditors will come kick your ass if you don't pay their fucking money, but filing bankruptcy helps you to pay them back later. Bankruptcy is filed through the court and is protected under certain laws.

There are a lot of rules and regulations to get bankruptcy legal status, a person can't fraud and get away with it. Check out these laws: https://www.law.cornell.edu/rules/frbp
n2004al
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000


View Profile
October 02, 2015, 10:09:36 AM
 #13

During the last financial crisis, all these companies decided to announce bankruptcy at around the same time. Why?

I think because this was the moment in which the bankruptcy of those happened. In a situation of crisis the things happen very soon and the events follow one another with a very high speed. In the today world everything is connected with everything. So if something happen to one of everything this reflected immediately in all the others. Immediately.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!