Now Wall Street May Shun $700bn Bail-Out

Oct. 7, the DOW is down 270 points

Bail out shmail out...

Found another article why investors don't like the bailout.

Some Wall Street Traders Angry Over Bailout, Too

Although Weisberg had hoped the bailout bill would pass, he wasn't looking forward to the changes it would bring to how he does business. "We're going to be overregulated because others took great risk," he said. "We're all paying the price now."

So, they want the bailout, but still want to do, "business as usual", which is what got us here to begin with!

Afraid of more regulatng?

If you aren't doing anything wrong or underhanded, why should you worry?

The Dow Closed down again today (10/7/08). Down 508 points. The
multiple session drops over the past 3 weeks reminds me of the story
of how a Frog can be boiled to death without knowing what hit him if the
pot is heated in small increments. I don't know if there is any truth to
this, but the story came to mind when I looked at the dramatic decline
in some 401K accounts.

The people I feel bad for are those who retired in the late 1990's and
are living off of a pre-determined percentage of their portfolio's value.
Each month their check is getting smaller, while inflation eats a larger
portion of the shrinking income. It's a living hell for some, right when
they're supposed to be enjoying the fruits of 40 years hard work.
-cwm



[edit on 7-10-2008 by carewemust]