Wednesday, February 18, 2009

Zombie Banks

I heard this rather amusing and informative story about a new term in the lexicon of the current economic crisis. Chris Arnold from NPR reports on the issue of banks being overloaded with money, but having such significant losses that they can't loan any money. Essentially, being dead (unable to loan), yet still alive and receiving bailout money.

"I always liken Zombie Banks, to Night of the Living Dead. Where you have these creatures, walking around with their arms out. Ripping at the flesh of humans, and turning them into the living dead as well."

Check it out: Zombie Banks

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