Making Sense of Our Financial Mess
We depend on credit lines more than most people realize. Credit lines dry up: businesses that depend on them grind to a stop. That means: grocery stores start to empty — they depend on short-term credit to buy food for the shelves; paychecks bounce, or aren’t delivered at all — many companies, especially very big and very small ones, use short-term credit to pay payroll against receivables. People will be out of work. Full Story »
Posted by Kaizar Campwala
Still a little too much jargon, but better than many.