Time for another word buzz! It looks like POP! (that along with "my favorite isn't listed") happened to be the favorite onomatopoeia from last week. I wonder why I didn't put "buzz"?
Today's word is:
Zombie Company
1. A technically bankrupt company that is kept alive with large infusions of government money for the sake of "stability" in the U.S. financial system. 2. A large financial company with negative net worth that continues to operate, despite having no clear path to solvency. 3. The UnDead of Wall Street.
"AIG is the premier example of a zombie company -- kept alive only by $120 billion in federal bailout money. Apparently, it's considered too large to fail."
Haha! I haven't heard this mentioned on CNN. Actually, I haven't been watching so much CNN since I can't figure out what channel it's on this cable plan in Chile. Oh well...
Anyways, Happy Friday!
Haha! I haven't heard this mentioned on CNN. Actually, I haven't been watching so much CNN since I can't figure out what channel it's on this cable plan in Chile. Oh well...
Anyways, Happy Friday!
