Cathy Classics by Cathy Guisewite for April 17, 2009

Transcript:

Tax man: I will now attempt to demystify the term,"toxic assets". Cathy: Money's borrowed to buy things the value of the things plummets while the interest on the borrowed money rises, making the things unsellable and the loan unpayable, creating a black hole of debt that no one wants to touch! Tax man: Impressive! You went to business school? Cathy: I carry a purse.