That Epic Fail That Was 2008: #2
Wall Street Crumbles
Unlike more financially successfully friends, I didn’t spend much time studying Economics while in college.
Apparently neither did the people who ran Lehman Brothers, AIG, Washington Mutual and all of the other companies that spilled during the stock market crisis.
Thankfully, Uncle Sam was there to bail them out to tune of $700 billion dollars and while millions of people lost their jobs both directly and indirectly because of the crisis that stemmed from sub-prime lending, the people ultimately responsible for the fiasco were allowed to keep their jobs.
By that logic, no one needs to pay their credit card bills. The government can bail us all out.
That’s it. I’m buying an Audi R8 on my starter Visa.
Future failings: You know what happens to those who don’t follow history, right?
Failed to catch yesterday’s fail? Then click here!
Finally, the moment you have all been waiting for! The #1 Epic Fail of 2008 is… click here to find out!








Comments
0
% %