Great monday morning

Sitting in class and doing managerial accounting. We are going through activity based accounting. Its interesting and good, and it feels very usable - if I would end up in a financial-heavy role after the MBA.

I also found this great quote from A.P in San Fransisco:

"The government's commitment to spend up to $700 billion buying bad debts from ailing banks is likely to save some institutions that would have otherwise died, but analysts doubt it will be enough to avert a major shakeout."

It sort of sorts out what the bailout is actually about - and AP suggest a lot of bad banks are going to go bust.. the race has already started in Denmark with Roskilde Bank (Amagerbanken next?) - I wonder what will happen with the Swedish banks. I didn't know about the loans that they need to repay during 2009 (i just assume that will never happen).