Class Discussion

After sitting through my Management class for an hour this afternoon, I realized that I have no idea about what is happening in the financial world. I am aware that there is a bit of a "crisis" going on, with banks getting seized and going under. I am also aware that the U.S. is struggling a bit economically, which is partly due to the previously mentioned "crisis." But I cannot tell you for the life of me what it means for a company to "firm-up their assets." When other people in the class started talking about these kinds of things, I couldn't help but feel lost. However, I did not want to sound like the kid in the back row, who toward the end of the discussion said this: "For our generation, this is really the best thing that could have happened. Now, all the people who were going to enter the business world will instead want to go to grad school to avoid this mess. Therefore, there will be a lot more job openings for us."

Like I said before, I'm not entirely sure about all the ins and outs of this financial situation, but I am fairly certain that it's not a good thing. Why this kid would make such a claim is beyond me. And I'm not quite sure where he thinks he's going to be working if all of these financial institutions continue to go under.

I guess what I'm trying to say is that, sometimes it's best to act like you know what people are talking about, even though you're completely in the dark. If you're not going to do that, then at least don't make a ridiculous statement that makes it obvious you're lost on the subject.