Comments: Monday, Crazy Monday
As someone who has worked on Wall Street prior to 9/11,and has a lot of her life savings tied up in the stock market, munis, CD;s and what not.... all I can say in the immortal words of Douglas Adams.
DON'T PANIC.
I wish the stock broker in London who suicided a few days ago because of losses in the FTSE had kept that in mind.
I fear he is the start of a new trend.....and these stories will be commonplace shortly.
Posted by susan at September 30, 2008 12:04 AM
I don't think the financial news is more important than what you usually write about but as important certainly. It's ironic that it's the poor people who are being asked to foot the bill for the problems in the US, problems we wouldn't have if employers small and large had not exported all of our capital overseas to save money, quite literally stealing it from the pockets of the people they are now begging to go further in to debt, to shoulder all of the risk and pain, in this damn financial bailout.
Kind of like how we train our young people to kill, poor kids fighting rich kids wars, and then call them crazy when they come home in distress.
I hope the bailout doesn't pass. Trust me, those dudes will find some other way to raise the money if they really need it.
Posted by Sally at September 30, 2008 07:18 AM