Thanks to my cute pet doe and wife.
Zombie Company
March 19
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."
- Urban Dictionary
No comments:
Post a Comment