credit crisis
Explanation for normal people... read top comment.
http://www.reddit.com/r/business/comments/7487y/a_good_day_for_america_the_bail_out_has_been/c05n04c
Quote:
"It's called a credit crisis because most people don't realize how desperate we are.
I like to think of it this way: Lets say a bank is a pot dealer. This dealer has been a nice guy in the past, fronting OZ's, eighths, and grams because his customers are good customers. They keep coming back for more. The dealer usually thinks something along the lines of, "GREAT! More money!"
Recently, however, the dealer keeps fronting more and more pot, and not seeing any return. His customers smoke all their weed and never pay the dealer back or offer any kind of collateral (like an Xbox or a t.v.). Now the dealer is getting calls from his grower who says, "I need to pay my rent, where's the money?"
http://www.reddit.com/r/business/comments/7487y/a_good_day_for_america_the_bail_out_has_been/c05n04c
Quote:
"It's called a credit crisis because most people don't realize how desperate we are.
I like to think of it this way: Lets say a bank is a pot dealer. This dealer has been a nice guy in the past, fronting OZ's, eighths, and grams because his customers are good customers. They keep coming back for more. The dealer usually thinks something along the lines of, "GREAT! More money!"
Recently, however, the dealer keeps fronting more and more pot, and not seeing any return. His customers smoke all their weed and never pay the dealer back or offer any kind of collateral (like an Xbox or a t.v.). Now the dealer is getting calls from his grower who says, "I need to pay my rent, where's the money?"