Lehman brothers

[Hien]

First Bear Stearns, now Lehman Brothers.
How much do these fat cats get payed, granted each others with gigantic bonuses & pays, and the country will have to bail them out.:sob:

 

[kentuckiense]

Privatized profits and socialized losses. And republicans like to call democrats socialists.

 

[NYEric]

Haha! Jokes on Lehman Brothers heh? All this nonsense got started when BUSH let financial institutions get into the banking business. Now your banks are built upon speculative markets which, when they fall, fall HARD!

 

[Roy]

Hey, we are feeling the fall out from all this too. My retirement fund is getting badly bent.
Just to top it off, you have as described, a person a heart beat away from a oneway trip and his deputy about ready to declare war on Russia???
We're just stuck with a bloke that loves committees to look into things and here himself talk without saying anything, oops, sorry he is a politician.

 

[NYEric]

Better than one who makes ill conceived aggresive moves which basically benefit his friends' pockets!

 

[Hien]

Hey, we are feeling the fall out from all this too. My retirement fund is getting badly bent.
Just to top it off, you have as described, a person a heart beat away from a oneway trip and his deputy about ready to declare war on Russia???
We're just stuck with a bloke that loves committees to look into things and here himself talk without saying anything, oops, sorry he is a politician.

Well, while these fat cats wine & dine themselves. Our retirements disappearing to line up their pockets.
You are damned if you do, you are damned if you don't. Since there will be not much social security fund left from the government to take care of everybody.
We have to save & invest some to supplement it.
My boss has a Simple IRA program for the office, which we contribute into regularly. I may be exagerate, but when you see the reports, we always losing our money (so & so percents every quarter)
Amazing, you actually pay the fee for someone in these mutual fund companies to lose the money for you. I could have throw out dollar bills while driving to & from work & still manage to have more money left than these mutual fund CEOs & financial advisors' fancy foot works.

 

[NYEric]

I'm enjoying life now and not squirreling lots away for an uncertain future. I hope to invest in some foreign property for retirement and hope anything left over in my funds and my union pension will cover most else.

 

[Roy]

I'm enjoying life now and not squirreling lots away for an uncertain future. I hope to invest in some foreign property for retirement and hope anything left over in my funds and my union pension will cover most else.

I have a few spare acres you could lease cheaply Eric and have room for your Orchids. Plenty of food hopping around you too.

 

[NYEric]

I want to live somewhere that I can stumble thru the fields of pleurothalids and phrags!

 

[Roy]

Sounds like your Apartment.

 

[NYEric]

Wow! But I don't think I can afford to retire in NYC!

 

[Roy]

I can't afford to retire, period.

 

[Candace]

Since money in most banks is only insured for $100,000 and under. I imagine people with over that are rapidly withdrawing it today and burying it in their backyards. :< That, or investing in the rapidly appreciating beanie baby collectibles.

 

[NYEric]

Besseae hybrids!

 

[cnycharles]

Since money in most banks is only insured for $100,000 and under. I imagine people with over that are rapidly withdrawing it today and burying it in their backyards. :< That, or investing in the rapidly appreciating beanie baby collectibles.

I thought that fad died out years ago! Also read that in some Arab countries gold buying is up over 200% from last year same time

 

[Candace]

I thought that fad died out years ago!

Please tell that to my mother. Tubs of them will be willed to my daughter. Or so she threatens.

I believe it about the gold. Since our dollar is becoming more and more worthless, it would be nice to have something shiny to cry ourselves to sleep with.

 

[Hien]

The latest news today, I guess all of you already heard on TV

http://www.nationalpost.com/news/story.html?id=794704

 

[Bolero]

Privatized profits and socialized losses. And republicans like to call democrats socialists.

It's interesting that republicans call them socialists - they are so far removed from socialism it's not funny. Not as far to the right as the republicans but maybe that's a good thing?

Hmmmmmm maybe I shouldn't comment on politics here.

 

[NYEric]

Comment all you want. I think it's funny that the backlash from the 60's [free to try anything] movement led to the "Me Generation" thinking that allowed corporation heads and their political buddies to justify robbing companies blind at the expense of their employees!

 

[Hien]

Since money in most banks is only insured for $100,000 and under. I imagine people with over that are rapidly withdrawing it today and burying it in their backyards. :< That, or investing in the rapidly appreciating beanie baby collectibles.

There is already a hot new collectible item on ebay

http://cgi.ebay.com/Lehman-Brothers...=39:1|66:4|65:3|240:1318&_trksid=p3286.c0.m14