The company I work for invests our money for us and I cant touch it right now..I'm in one of the safest things there is and have lost money.I saw this coming and moved mine just in time.Those in higher risk have lost tons of money.
A CD only pays 3% right now and inflation is over 10%.There is no safe place to put anything.
The point I'm making is the actions of Wall Street affects everything that we do.The Fed interest rate cuts were made for the benefit of Wall Street,not for the average Joe Blow..Why should the taxpayer be bailing out Wall Street?100's of billions of dollars have been thrown their way and it still may not be enough.
Bear Stearns gave employees $100,000 bonuses in late 2007.In less than 3 months they were history.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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