Most Americans dream of the six-figure job ($100,000), a million seconds (1,000,000) is roughly 280 hours and a billion pennies (1,000,000,000) weighs more than 6 million pounds (6,000,000). Each of these items represents pretty large numbers, but not as large as the government bailout of the financial market that was presented today. The government wants to spend $700 billion, to help clean up the mess that Wall Street currently finds itself in. How did these powerful companies get into this mess? In a word – greed.
We wrote about the dangers of personal debt a few days ago, but this time the problem is corporate debt. Companies wanted to get in on the booming housing market, and revealed some pretty poor judgment. Getting rich quick does happen, but so does bankruptcy. Just ask Lehman Brothers.
Yakezie Posts
- Who owns credit card companies? By Michelle
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- Why are credit card companies raising interest rates? By Michelle
- How can I keep track of new federal laws on credit cards? By Michelle
- How do online approval credit cards work? By Michelle
