Two big companies like K-Mart and Enron going down the gurgler, in quick succession, is bad news for the American economy. Not to mention the hardship this means for those who are now without a job and the ripple effects which will be felt by many smaller businesses.
This is like celebrating a nuclear srike on New York, simply because Hillary Clinton happened to be among the dead.
Did you notice in the NY Times article:
Kmart relies on surety bonds, essentially agreements by insurance companies to continue financing in case of a default, to back its workers' compensation program and to cover liabilities arising from its sales of guns and liquor, advisers and executives close to the company said.
Enron depended on such bonds, too, and after it went bankrupt, leaving insurance companies to cover its liabilities, insurers drastically raised prices for surety bonds. In Kmart's case, insurers were requiring cash collateral for the securities.
you took the words right off my keyboard, ....