I would love to see the companies fail because they took bad risks. But the reality of the situation is that a lot of people’s pension funds are tied into the stock market. If the market goes south, so does the pension funds. Our seniors have worked hard for their retirement. Lets help them keep it.
Having said that, we need to also fix the problem, which is the lack of financial regulation. The rules that were removed in the late 1990’s were put in place after the Great 1930’s Depression. Somebody thought we didn’t need them anymore. Somebody was wrong. Greed is a part of human nature. Everybody who bought a house during the recent land boom is part of the problem. Nobody was thinking of the long term effects, only what they could get in the short term.
The bill is due. Pay it. But make sure it won’t come due again. Write your elected representatives (Senate and House) in Washington and demand a restoration of the regulations that were removed in the 1990’s. Email them on everything you want. Review their voting records. Call them out on wrongs they do. GET INVOLVED. Work towards a more responsible government, regardless of party affiliation. Show the bozo’s in Washington that we are not sheeple, but an angry mob who is going to lynch their political careers unless they do the job we hired them to do.
Embrace your humanity, let go of the greed, and arm yourself with knowledge.
And arm yourself in the physical sense also. I mean a weapon. Because not everyone is going to embrace humanity, and you have to protect yourself.