Wednesday, October 08, 2008

Just Wondering

Prior to the recent news about the Federal Reserve intervening in the marketplace to alleviate a lack of availability of "commercial paper," I wonder if most Americans were aware of the extent to which major businesses rely on borrowing to manage short-term, day to day operations, including payroll.

I suspect that most people would have assumed that their employers have sufficient cash flow that they would not be operating so close to the edges.

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