Friday, September 19, 2008

Day 263 - Big problem, expensive solution

You won't find many political statements here, but I have to add my comment to the BIG news of the day. President Bush, with Bernanke, Paulson and Cox at his side, announced a plan for the federal government to intervene in the economic mess that has erupted on Wall Street. What ever you think about the big companies that are failing, they are also taking a lot of our money with them. Even if we are not directly invested in mortgage-backed securities, our retirement plans very well may be invested in some of these financial instruments. Let's hope the Congress and the administration can also address some of the high-risk ways that investment companies use our money.

Photos of our TV during broadcast on Washington channel 7.

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