Bail out: Financially or Psychologically
You will find that people are talking about suicide, jumping off a bridge, killing themselves. They are talking about race and lost their own sane head to someone else. How more sad can it get? May be government should set up a billion dollar fund to help people get psychologically stable.
The mess is taking a toll over you, your family and kids. Wife and Kids sense it. How do you contain it? Really can’t. If you don’t get greedy, keep your head above all the confusion, preserve your assets, you will be fine. I think the mess isn’t over after the bailout. The bailout is just a political circus and I am not sure who is leveraging it for the debate tonight. The money will not help: Fannie, Freddie, AIG, Bear Stearns, Lehman, Washington Mutual were casualties, on the way is Wachovia and Goldman Sachs had a narrow escape that they diluted shareholder value by 20% by yielding t o Warren Buffet. Hold it tight as the market will be so volatile after the bailout that you thought it was over. Yes, I am a contrarian and believe that things will get worse after the bailout. Imagine, you have no idea what mess is in your local bank or credit union that have lost a bundle on Fannie Mae and Freddie Mac as an example. In conclusion, sit down over the weekend, make a plan such that you can sleep well.