So yea. I'm pretty sure nobody here has heard, but America's economy just shit a big rock. Merrill Lynch, a huge investment banking and financial management firm nearly went bankrupt, they were saved just barely when Bank of America bought them. Hmm...but how could such a big company nearly reach bankruptcy you ask? Well besides the fact that our political machine is made up of rusty screws and that our mind set is corrupt AND elsewhere *cough iraq cough*, shit has just been bad (except for GM, who celebrated their 100 year anniversary...those assholes)!
GM as well, they've been doing quite crapilly, and they're trying to fix it by re-releasing a full electric car that should have been out years ago (but it didn't come out cus they killed it).
On the more important note, over the weekend, the Lehman Brothers (another big financial management firm) officially went bankrupt. This caused a world wide stock fall of an average of 4.5 percent (which is really bad). over the next few weeks, we must depend on the asshole business men (of which who i will eventually become) to do their job right and save us from a potential global depression.
AIG, which you guys might have heard of, almost went bankrupt as well. on sunday 9/14/2008 they issued an emergency "distress call" saying that they needed a 40 billion dollar loan to not die. a few days before that, they said they needed 20. Today however they needed 85 billion dollars in order to not cause a domino effect of economic failure in the business world. Of course the American government decided to spend 85 billion dollars as loan money to AIG while AIG in return had to give up 79.9% of their shares to the government. Yea...pretty much the gov was like "hmm...20 billion dollars, i don't know if i want to pay 20 billion dollars or 85 billion..."
Anyways, just telling everyone as a heads up =P.
Btw window, if you post anything about how this is too boring or not interesting enough or you don't care, in fact if it's negative, or carries sarcasm in the slightest way, i will spit on your face.
No joke.
GM as well, they've been doing quite crapilly, and they're trying to fix it by re-releasing a full electric car that should have been out years ago (but it didn't come out cus they killed it).
On the more important note, over the weekend, the Lehman Brothers (another big financial management firm) officially went bankrupt. This caused a world wide stock fall of an average of 4.5 percent (which is really bad). over the next few weeks, we must depend on the asshole business men (of which who i will eventually become) to do their job right and save us from a potential global depression.
AIG, which you guys might have heard of, almost went bankrupt as well. on sunday 9/14/2008 they issued an emergency "distress call" saying that they needed a 40 billion dollar loan to not die. a few days before that, they said they needed 20. Today however they needed 85 billion dollars in order to not cause a domino effect of economic failure in the business world. Of course the American government decided to spend 85 billion dollars as loan money to AIG while AIG in return had to give up 79.9% of their shares to the government. Yea...pretty much the gov was like "hmm...20 billion dollars, i don't know if i want to pay 20 billion dollars or 85 billion..."
Anyways, just telling everyone as a heads up =P.
Btw window, if you post anything about how this is too boring or not interesting enough or you don't care, in fact if it's negative, or carries sarcasm in the slightest way, i will spit on your face.
No joke.
Last edited by sephirothk1ng on Wed Sep 17, 2008 5:11 am; edited 1 time in total
Tue Jun 30, 2009 4:40 am by Mrconfus3d
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