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Home Front Economy
French PM says 'world on the edge of abyss'
2008-10-04
Comments from yesterday before the bill passed. But still more or less true today and for the near future, at a minimum.
Posted by:lotp

#8  Anonymoose, what's worse is that many colleges and universities hold their operating funds in a vehicle housed with Wachovia bank.   Last week Wachovia allowed only limited withdrawls to colleges and universities while they are negotiating their buyout with Wells Fargo.   A lot of school janitors, cooks and faculty going without paychecks if it doesn't get resolved quickly.

The bailout/buyout stinks.   But the credit crunch is real.
Posted by: lotp   2008-10-04 21:59  

#7  #5 Nice "Don't panic" speech, genius.
Posted by mojo


see: "Bacon, Kevin, "animal house" at IMDB.com :-)
Posted by: Frank G   2008-10-04 18:45  

#6  Just heard on local radio:

Students already attending classes at Arizona State University, with approved student loans, have had their accounts frozen. Either the creditors have gone bust, or are refusing to release the funds.

The only school that has calculated the number of students affected is the law school, with about 50% of its students running on vapor.

The university is continuing classes for now, but will be busted pretty quick without that money being released.
Posted by: Anonymoose   2008-10-04 18:40  

#5  Nice "Don't panic" speech, genius.
Posted by: mojo   2008-10-04 18:39  

#4  Han Solo: You said you wanted to be around when I made a mistake, well, this could be it, sweetheart.
Princess Leia: I take it back.
Posted by: Procopius2k   2008-10-04 12:38  

#3  We have been there before.
Posted by: JohnQC   2008-10-04 12:19  

#2  Wne it's on The Edge of Night.
Posted by: Nimble Spemble   2008-10-04 12:09  

#1  When isn't the world on the edge of abyss?
Posted by: tu3031   2008-10-04 11:30  

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