Frenchman Recalls Short Lehman Career; Can someone explain Biden rationale that you must spend money to avoid bankruptcy?

Edouard d’Archimbaud works in Paris – but that’s not what he’d planned. Exactly a year ago he was excited about starting a successful new career – at Lehman Brothers in London. Little did he know, his first day would also be his last. As he walked up Lehman’s steps, the firm filed for bankruptcy which sparked a near-collapse of the global financial system. [Edouard dArchimbaud, Former Lehman Employee]: “I arrived in front of the building, there were lots of journalists, some policemen and so on, so I told myself ‘oh that’s strange’ but I didn’t know at that moment that Lehman had fallen into bankruptcy.” Thousands of Lehman employees lost their jobs and d’Archimbaud suddenly had to rethink his career. [Edouard dArchimbaud, Former Lehman Employee]: “I was really disappointed because I had prepared everything for a life of several years in London. I had a farewell party in Paris. I had found a flat and had many friends in London….there was nothing I could do about it, so I told myself ‘never mind, let’s focus on the future’.” A year on, after working for French bank Credit Agricole in Paris, d’Archimbaud said he is “beginning a new life”. He’s created a company called Doppio Software which helps companies cut costs. Today all that remains of his short experience at Lehman is the briefcase he was given. He would consider another job in London, but he says his new career looks promising, particularly as he now helps companies avoid bankruptcy.

Question by Mirack Obomney 2012: Can someone explain Biden rationale that you must spend money to avoid bankruptcy?
Yesterday Vice President Joe Biden said the following to the Associated Press about the $ 787 billion stimulus plan:

“We’re going to go bankrupt as a nation.”

“People, when I say that, look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?” he said. “The answer is yes.”

http://www.bostonherald.com/blogs/news/lone_republican/?p=587&srvc=home&position=recent

michael p………….when you don’t like the info, attack the source. Classic :)

Best answer:

Answer by Larry S
if you don’t spend 100 grand you can’t spend 99 grand

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Discover Florida Debt Settlement Strategy 2 Get Out Of Debt Prt2; I have $10,000 in old debt can I avoid bankruptcy and pay it off I only make 26,000 anually?

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Question by : I have ,000 in old debt can I avoid bankruptcy and pay it off I only make 26,000 anually?
This is mostly credit card debt from when I was 18 and I’m now 25 and want to fix my credit
Ok I realize that this much debt is a bad on my part I firstly just had my salary cut by half 2 months ago, second, my debt is about 7yrs old . I am learning my lesson big time, but I refuse to allow some clown blame me for America’s financial woes. I have never been without a job and have paid taxes for years. Understand, I know the situation I’m in , I’m living it! Critics, I don’t need you right now I need advice!

Best answer:

Answer by calle trece
No. Your annual salary has nothing to do with the debt. You can consider bankruptcy but you have to consider your future plans. Weigh in the benefits, is tainting your credit worth paying thousands of dollars a year?

Also you should be ashamed of yourserlf. How can you owe 10k if you only earn 26k?!? It is because of greed and people like you that America’s economy is so messed up. If you can’t pay for something, don’t buy it. I hope you learn your lesson.

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