99 years later Woolworth closes its doors

Sadly there was no bailout for the storied retailer or its 27,000 employees. Woolworth was always a good corporate citizen, but instead tax payer money goes to bail out the banksters that cause our current economic crisis.

It is sad to see retail giant Woolworths close its doors. Hope that we can all learn to be frugal and use care when spending money. It was mounting debt that crushed the ratailer.