Conseco seeks Chapter 11 protection INDIANAPOLIS, Dec. 18 — In the third-largest bankruptcy in U.S. history, Conseco Inc. filed for Chapter 11 protection Tuesday night after four months of talks with creditors to restructure the insurance and finance company’s $6.5 billion in debt.

George W. Bush has been in office two years and his term has already seen the three largest bankruptcies in U.S. history (Enron, WorldCom, now this). Why is it that people think Republicans are better when it comes to managing the economy?