Posts Tagged ‘bankruptcies’

Leroy Hood: Medical Bankruptcies

Posted by admin on Saturday, January 13, 2024

Meaning of Leroy Hood Money Quote: saying the cost of medical treatments contributes to people claiming bankruptcy about two thirds of the time. Leroy Hood said:

 
Medical expenses contribute to two-thirds of all bankruptcies in the United States Quote
 

“Medical expenses contribute to two-thirds of all bankruptcies in the United States” — Leroy Hood

 

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In this quote, scientist Leroy Hood is pointing out that the majority of personal bankruptcies in the United States are caused by high medical costs and expenses. The best interpretation is that Hood is drawing attention to the significant financial burden that medical bills place on many Americans.

His statement suggests that the current healthcare system does not adequately protect people from the risks of steep medical costs leading to bankruptcy. The overall message seems to be that reform is needed to reduce the rate at which medical expenses are undermining individuals’ and families’ financial security in the United States.

Ryan & Kim: Trump Hotel Bankruptcies

Posted by admin on Thursday, March 2, 2017

Steven M. Ryan & James W. Kim, Counsel for BP-Metropolitan Investors, LLC in a Money Quote regarding Donald Trump history of Bankruptcy he failed to disclose in his RFP to GSA on Washington D.C. Hotel project criticized by Hilton Attorneys relative to competitive bid for the old D.C. post office project. Steven M. Ryan & James W. Kim, Counsel for BP-Metropolitan Investors, LLC said:
 
revealed in bankruptcy and court proceedings that emerge as the project fails. The record reveals that Trump projects often fail, and fail publicly. In those instances of failure, Trump has often walked away Quote
 

“The record of Trump bankruptcies by all accounts we have reviewed indicates that Trump is an unreliable business partner. Trump has a different posture at bid and award press conferences and unfavorable history revealed in bankruptcy and court proceedings that emerge as the project fails. The record reveals that Trump projects often fail, and fail publicly. In those instances of failure, Trump has often walked away” — Steven M. Ryan & James W. Kim

 

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This quote is providing a critical analysis of Donald Trump’s business record based on bankruptcies and court proceedings related to failed projects. The authors are saying that Trump often overpromises at the beginning of projects but the projects later fail, and that in these instances of failure Trump has frequently avoided financial responsibility by declaring bankruptcy.

So in summary, the quote is interpreting Trump’s business history as showing him to be an unreliable partner who is more focused on publicity at the start of deals but tends to “walk away” from projects after they fail.

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