Banking Magic: School District Owes $1 Billion On $100 Million Loan

It has been said that the 8th wonder of the world is compound interest. What were these guys thinking?

See: http://www.npr.org/2012/12/07/166745290/school-district-owes-1-billion-on-100-million-loan

This entry was posted on Tuesday, December 11th, 2012 at 8:48 am and is filed under Biblical Economics & Money. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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