Even The Best Of Us Go Broke

03 December 2008

Remember the days when you would have to ask your parents for an emergency loan, "just to tide you over" till pay or dole day? You'd offer immediate repayment, and attendance at your niece's school play, and anything else you could think of to convince them to fork over the cash. It was for many of us a necessary evil of our student/just starting out days, but you always felt kind of shitty making that call.

Well, you needn't have felt bad. The great General Motors is now doing the same thing. They've reached the corporate equivalent of being five days from payday with 3 cigarettes and a packet of two minute noodles that's past it's expiry date. These people who would have raised an unholy snit if their taxes had been raised, are now counting on the government to bail them out. So don't feel too bad about the cumulative $6800 you borrowed from your parents in your early twenties ($210 of which was ever repaid). It happened to GM as well, and you didn't have a team of accountants on staff (unless you did, which is probably why you were always going broke).


Overheard at Town Hall Station:

Announcer: The train on platform five is going to Bondi Junction. First stop Martin Place, then Kings Cross...

Teenage boy: Kings Cross? I thought that was just on Monopoly, I didn't know it was a real place.


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