Business

More money to borrow, more troubles to expect
by Kamila Moravcikova

My mum used to say that people should not borrow too much money because they just don't know what will happen tomorrow. She didn't know much about Wall Street or stock market, she had just heard plenty of sad stories about people being completely broke by too many loans they had to pay and what she called "lack of modesty". Well, my sparing mother was good in giving advices. However, we & her own children & were really bad in taking them. From time to time I lent some money to my "foggy" best friend. And from time to time for many (and sometimes objective) reasons he wasn't able to pay it back. So I was forced to borrow some money from my younger sister (she was only 7, so she had too much savings than to know what do with them) and sometimes from my older brother (he was a college student at the time). Unfortunately, if my friend didn't pay the money back to me I was not able to pay my debts to my sister (even though she didn't care, my mum did) or my brother and he was forced to ask mum to pay his rent as he was unsuccessfully awaiting me to pay my dues. Mum never forgot to remind us how many troubles we caused. We all were as strong as the weakest part of chain, all connected together, one's bad financial situation influencing others. Our small Wall Street and worldwide economy.

related story: http://news.yahoo.com/s/ap/20080128/ap_on_bi_ge/world_markets;_ylt=AvFYE6rmJbGHssP0x1OeBc.s0NUE

by Kamila Moravcikova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

posted by Blog TechSource @ 3:30 PM