financial market: those individuals who are responsible for this market should be jailed. what's the update on federal investigation on these financial firms?
$700 billion: how long would it take for an ATM machine to dispense that much money? if it can dispense $100 every second without stopping 24/7, it will take 222 years to spit out $700 billion. in another words, 222 ATMs would have spit out $100 bills without stopping for one year to dispense $700 billion. on average, a major bank branch has about 2.5 AMT machines (would you agree?). so 222 ATMs is equal to 89 branches. where can you find 89 branches of banks in one place? i assume not that many places... only in big cities. imagine ATMs in Manhattan spitting out $100's every second for an entire year.
now bank robbers don't look as bad as these greedy financial institutions...
Monday, October 6, 2008
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