When Everybody Needs To Borrow
Our Federal Government is broke....it needs to borrow
Our states are broke...they need to borrow
Our counties are broke....they need to borrow
Our cities are broke....they need to borrow
Our pensions are insolvent....they need to borrow.....
And even our bankrupt companies are broke....they need to borrow even more.....
Blockbuster Inc. is asking creditors to put up more money to help it exit bankruptcy protection, prompting a debate among bondholders about whether to invest further in the struggling video chain or put it up for sale, people familiar with the matter said.
When Blockbuster filed for Chapter 11 protection in September, the company already had agreed to turn ownership over to its creditors. But after poor holiday sales and new estimates for a costlier turnaround, the company is asking bondholders for an additional $200 million to $250 million to be used after the chain exits court protection.http://online.wsj.com/article/SB10001424052748704029704576087720284740218.html#ixzz1BLxd3DvF
It is not the end of the world....simply the end of a world as you knew it.....and the beginning of the Udderworld.com
as we transition from the industrial age into the digital age.