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Old 11-29-2010, 04:13 AM
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Cannon Shell Cannon Shell is offline
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Join Date: Aug 2006
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Quote:
Originally Posted by Riot View Post
Yes. Losing 35-40% of one's investments had quite the negative effect on Wall Street's reputation with "the average American". Thank goodness Social Security didn't get privatized by Bush The Second - it would have been a blood bath.
So the trillions made by the average americans over the last 30 years not only by individual investments and retirement funds but by institutional investments such as pension funds is negated by losses? I guess you forgot that there is risk involved and no one was complaining when their nest eggs went up 500% during the boom times...
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