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Fabs,
I understand your (Our) frustration about the whole financial mess that is/has been going on.....I/we are all in the same boat....I'm 46, I have 2 kids, and I work in the automotive industry in metro Detroit....Trust me! I know times are not good right now!!
But the system really is self regulating....IF! you let it alone to do so.
We are (Mostly) in this whole mess, for precisely that same reason....The system was screwed around with too dang much...By the very people who now are bitching about it the loudest (DEMOCRATS in the house & Senate)
Loans were given to people, WHO HAD NO BUSINESS GETTING THEM....Because they were poor risks in the first place.
"BUT THAT IS UNFAIR TO THE POOR!!" was the battle cry....and legislation was passed that obligated the lenders to give these people loans.....and guess what happened?!?!?!?!?!
Add huge corruption & more payouts & loans to Our good friends (Democrats again!)
+ That, as Our financial market goes, so goes the world's.
And we end up right where we are today!
I understand that your mom's finances are in a shambles right now, All of ours are! I know mine is.
But this is why we can not let government get it's hands in to so much of our lives.
Their involvement was the catalyst that set this whole thing in motion in the first place!
To "Call Them Back" and let them "Take the wheel" of this crisis, is a bad idea at best, and just downright Dangerous, at worst!
As for your/My/Everyone else's 401ks, or other retirement plans..... Read, understand, and plan accordingly. If your company doesn't offer the plan(s) that fit/suit your needs....Move it to someone who does!
Afterall....It is Your/Our money!
Tall Shadow
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