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brip blap

life, money and everything in between
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oh no they di’int

Started by Steve @ bripblap · 9 months ago

I didn’t see that one coming. Then again, nobody did.  I’m a little bit shocked - our family’s net worth dropped about 10% in one afternoon, wiping out years of savings - but then again, I think the cure would have been worse than the diseas ... Continue reading »

6 comments

  • scootdawg

    9 months ago

    you're dead on...worry about yourself and take care of your own house first.

    You hit on something...Republicans are not conservative anymore. They are no different than Dems. Its just a matter of priorities and actions. But they both want the government to handle everything and it sucks.

    And its also true about the presidential election. People take that more seriously than their city council who have way more influence over your day to day than the feds.
    reply
  • womanintraining

    9 months ago

    Great article, thanks. I like what you had to say about kindness. It's worth its value in gold and we'll all be needing it more in the coming months.
    reply
  • jim

    9 months ago

    A couple House Republicans did. :)
    reply
  • Writer's Coin

    9 months ago

    Seriously, people worry way too much about all these things they have no control over, while their finances sit in the corner, neglected and suffocating.
    reply
  • Kelly Rusk

    9 months ago

    What affect will it have now that the bailout bill has passed?


    Though obviously your tips are helpful in any situation!
    reply
  • Steve @ bripblap

    9 months ago

    Kelly, I think we'll see little change in the short term. Psychologically it's going to help the large corporations, and it may ease the credit market a bit. For the rest of us? I don't think we'll see much change until a few years from now when that $700 billion's been spent and the next financial crisis hits us. That money isn't just created from thin air - it represents loans from China, additional interest on the national debt and another groaning strain on the fiscal soundness of the US.

    But I do expect in the short term it will help the market - more from warm-n-fuzzies than anything - and it will help calm foreign markets too. But we'll see - when Hank Paulson has to go to his buddies at Morgan or Citi or wherever and negotiate fair prices for worthless securities without any real oversight, we'll see how our money gets spent, won't we?
    reply

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