If we get through this debacle (feels like a big "if" right about now), and if it happens in time to salvage most of our retirement plans, part of me sees it like a long overdue flushing of a toilet that has been plugged for the past 12 years.
- Large investment banks gone? Good riddance.
- Structured products gone? Adios.
- Greedy mortgage lenders up in smoke? Bye, bye.
- Real regulation to rein in the excesses that led to this? Bout time.
- Moody and S&P "rating" the companies with one hand in their wallet? So long.
- People driving a little less, serious research into alternative fuels? Bring it on.
I could go on, and I realize this is oversimplified, but in the end I believe the net effect off all this may do some good. I just hope it all unfolds quickly enough for all of us to enjoy (or continue to enjoy) a secure retirement. Meantime, yes, it's a little scary but we're in it together - liberal, conservative, Democrats and Republicans.
Any more positives to add to the list?
__________________
Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)
As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
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