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Abraham Lincoln, Ulysses S. Grant, William McKinley, and George McGovern all filed for bankruptcy.  If my fading memory is correct, all of these individuals were either Presidents or candidates for President.  If the bankruptcy issue troubles you so much, I would find it ironic that you would not have been even more upset with the FACT that former  Texas Governor and former TREASURY SECRETARY ,  John Connally, also filed for bankruptcy. 

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