Tom Webster, writing and speaking

I Can't See Clearly Now

Added on by Tom Webster.

...Fly Clear is gone. Just as I was packing to fly off again tomorrow, Clear has ceased operations with no notice whatsoever. The troubling thing about this economy is not so much that business are in trouble, it's the alarming speed of their decline. There is so much leverage behind some of these ventures that if credit is cut off, they literally can't function overnight (the same thing happened to Bear Stearns on a much larger scale.) I have to believe that Clear was succeeding, so I wonder why their creditors pulled the rug out from under them?