Is it WORSE than they are willing to say, because???

[Heather MC]

Ok this is merely for discussion,

Is it Worse than they are willing to say, because the top 1% is circling the wagons to make sure they get out of this market downturn and or GodForbid impending crash With buckets of our money.
It's a know fact, you can make just as much money in a down market as you can an up market if you are in the right position. Now I don't know how well that will work now that they put a band on shorting stock. Or did they just change inforce the rule that you can't short stock and unless you owned it first?

I mean I read the other day that Paulson was planning to use taxpayer money to buy part personal ownership in companies that he bails out. What if a company doesn't agree to that will, Paulson decide not to Bailout those companies out?

Not wanting to insite panic, just asking questions, Historically Markets Crash in October and here we are October. I don't think the powers that be are fully understanding what's happening and or they think we are too dumb know.

[louis-t]

1. Happened in Michigan. In 2002 our Dem governor

was elected, replacing a 3 term repug named John Engler. First thing she did was an audit. The news covered her exit from the meeting. She had a horrified look on her face and stated "It's worse than we thought and it's worse than we were told." Apparentely, Engler had used some accounting tricks to hide most of the $4 bil debt he had accumulated while in office after giving huge tax breaks to his friends in manufacturing. I think he hoped they would keep operations in the state. They didn't, but he now has a cushy job as president of the National Assoc. of Manufacturers.

[Heather MC]

3. I just feel like it's weekend at bernies and they are propping up a dead body with

strings and pullies

[EmeraldCityGrl]

2. People that tell me they can't look at their statements worry me.

I understand the fear, but there are/were options like converting to Money Markets.
It might be to late for that now.

During the Great Depression few average families were invested in the market.
Now with so many working class people relying on the market for retirement,
we are looking at a completely different scenario.

Technology has also offered those more wired into the financial community
to act quickly.

[Heather MC]

4. I am kicking myself because I told my DH this summer we should pull our money till after October

[EmeraldCityGrl]

5. It's ok, especially if you're young...under 40.

It will be difficult, but we will see the light at the end of the tunnel soon. It's the not knowing that is so frightening. Hang in there.

[dixiegrrrrl]

6. Using your invested money was a proposed plan months ago..

I remember reading about it, and how Vanguard Funds were so dead against it.
Looks like Paulson slipped it into the bailout pkg, way in the back, I heard.
So with out any oversight, it is now legal for market player to gamble with your money.
More than normally, I mean.