For most Americans, politicians and banks have made bankruptcy an onerous, embarrassing process with lifelong consequences. But bankruptcy means something very different if you’re a giant corporation like American Airlines, which is wringing millions in concessions out of unions after filing for bankruptcy with $4 billion cash on hand – Pennsylvania’s W&K Steel, a sweatshop steel company that endangered workers, stiffed creditors, got government contracts—and when caught, simply wiped its slate clean with bankruptcy.