Hard Times

It is becoming harder each day for a small company to collect on their AR. I hear on a daily basis that customers can not pay this week because their customers have not paid them. It is a trickle down effect. Everyone is cutting back in one form or another. Several businesses are only working a 4 day week. Others are staggering their employees to only work 4 days. Even others are taking full weeks off the save. All of these has an effect on the individual worker who then has the same problem in paying their own bills at home. So the cycle can start all over again. I hope that there is an end in sight.

AIG

Rolling Stone has a great article here about the government bailout of AIG.
Matt Taibbi breaks it down simple for everyone, and traces the crash back to the origin, or "Patient Zero" of the crisis.

He explains how and why there was no regulation, who was in charge, and how their greed destroyed an economy.

If you are having some difficulty wrapping your head around the whole economic crisis, this article will make it all clear.

more information is available here, here, and here.