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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (289944)	1/28/2009 9:00:33 PM
From: steve harris	Respond to of 793914

That's one thing Cramer is right about in his books. Don't invest in your company's stock, for if you do get laid off, obviously the company and it's stock will not be doing very well when you need it the most...

To: ManyMoose who wrote (289944)	1/29/2009 12:00:30 AM
From: Alan Smithee	Read Replies (1) \| Respond to of 793914

Just got a call from my brother. He says his employer is going into Chapter 11. Sorry to hear about your brother's misfortune. I have no idea the size of his company, but I am seeing a lot more bankruptcy filings for smaller companies. In the last week, I have learned of two high end restaurants in my little town that have gone out of business.

To: ManyMoose who wrote (289944)	1/29/2009 1:06:41 AM
From: KLP	2 Recommendations Read Replies (1) \| Respond to of 793914

I'm sorry to hear that MM....And from the looks of things, we're going to be hearing more of it. Tell him, for whatever good it does, that most probably, if he had his money in mutual funds, he'd be probably in the same mess as is most of the rest of the company. Thanks to so many like Barney Frank and Chris Dodd and many other in Congress over the years, who made the banks give loans to people they KNEW couldn't afford to pay them back, we are paying the price for their stupidity. And arrogance.