On Oct 4, 2011, at 10:16 AM, richardsan wrote:

>> Of course in your free market libertarian world an airline and insurance
>> company will simply declare bankruptcy when faced with any serious claim,
>> because any corporation with even the most half-assed lawyers will structure
>> the airline and insurance companies as one-off corporations, so that ther
>> eis never any ACTUAL risk of paying off claims.
>> 
> 
> declare bankruptcy and then start up loss #2...declare then start up loss
> #3...etc. etc.


Yes, as in the case of Johns-Manville 
<http://en.wikipedia.org/wiki/Johns-Manville>

-- 
Bruce Johnson
University of Arizona
College of Pharmacy
Information Technology Group

Institutions do not have opinions, merely customs


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