Starbucks was the great American backup plan. The emergency exit. The parachute.
Mary Schmich • Chicago Tribune columnist, on the idea that one could start working at Starbucks as a backup plan to their full-time job. With layoffs even at the Green Menace, that backup plan is looking less likely. Personally, we would consider working at Starbucks to be a nightmare that just keeps repeating itself, “Groundhog Day”-style. • source
We don’t have any cash reserves now. And we still owe money on our houses.
Ian Thiermann • A 90-year-old California man who lost his $750,000 life savings in Madoff’s scheme and now works in a grocery store to make ends meet. Yeah, that’s right, he’s 90 and works in a grocery store. • source
Let’s face it, Larry, we are in a depression. If they didn’t do the bailout, you would be in depression No. 2 and maybe just as big as depression No. 1, so they really had to do something.
Donald Trump • talking to Larry King about the economy and the banks. Trump says that the executive salary caps are necessary and that the big problem is that banks aren’t loaning out their bailout money and instead are using it for other things. • source
Six degrees of separation wasn’t enough. Bacon is just one of the famous names that shows up on a 162-page document listing those who lost money in Bernard Madoff’s investment scheme. Madoff, currently being held under house arrest in New York City after losing more than $50 billion in investor’s money, is accused of masterminding the biggest financial fraud in history. source