(no subject)

[akashiver]

The kind of thing I really don't want to read in the newspaper:

As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,” the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”

Yikes.

But is it time to start withdrawing cash and stockpiling soup cans? What say you, oh mighty f-list?

Comments

Not to sound like Chicken Little, but...

[golconda2.livejournal.com]

I'd keep as much as cash on hand as possible, and keep as much food on had as possible too...This has me VERY concerned...

[kendokamel.livejournal.com]

I've really no idea. For once, my poverty and student debt and utter lack of ANY assets makes me feel oddly more secure than those who can see their retirement funds disappearing by the thousands of dollars every hour.

But, while I have nothing to lose, I would worry about the implications this would have on inflation... which WOULD leave me in more dire straits.

[oddsboy.livejournal.com]

I mostly want to run around like a muppet with the camera shaking back and forth, screaming "Aaaaaaaaahhhhhhh".

But that's just me.

-Crow

[moonandserpent.livejournal.com]

Worried, but not *that* worried?

Short term, the bail out will prevent the immeadate onset of the Grim Meathook Future. (Although, if the soundtrack is as good as Doomsday's...)

Long term, we're looking at a rough few years for the American economy.

[erdedrache.livejournal.com]

Actually, it seems like today's at-a-glance news is more optimistic: http://money.aol.com/news/articles/_a/bbdp/dow-soars-as-investors-await-rescue-plan/175524; http://money.aol.com/news/articles/_a/bbdp/historic-week-on-wall-street-a-recap/181452. Not good, certainly, but construction of the Thunderdome can probably go on hold for the time being.