Originally Posted by
Cape
Understand this, right now companies can't find credit lenders, this means big companies like AT&T and 3M are running from day to day when usually they have enough lenders to run 30 plus days. Most companies have to pay for things like salaries and pensions and health care on credit until they can pay for them later, with the credit market as it is these companies, almost all companies face bankruptcy at the worst, not being able to pay employees in a timely manor at least.
With debt comes risk, inherently - anyone who has debt right now is feeling the burn and it is nobodies fault but their own.
What ever happened to saving up money to buy something?
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