Monday, October 06, 2008

an explination for the $700 payout/bailout

So, if like me you find that you're pissed off about the whole debacle and the fact that you feel like you need to support some fat-cat's effed up mistake, educate.

I didn't understand why, I still don't believe that it's a good reason why... but I understand now...

"Commercial paper" seized up - and no one was willing to lend to any one because we 'broke the buck'

it doesn't really make sense of it in written form - but seriously listen. It will make more sense... I swear.

it won't alleviate your frustration - but hopefully you won't feel as bewildered.

If you want to know how we got here:

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