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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (101947)3/5/2009 10:43:33 PM
From: TH2 Recommendations  Respond to of 110194
 
benwood,

Ouch. I've heard similar sad stories from people I work with. A while back I mentioned how a senior purchasing manager I work with, who is probably five years of less from retirement, went on an absolute rant in early December. It appears his very conservative and well managed (from his perspective) retirement plan is a farce. He intimated he would be working as long as could (meaning, how long will they keep a guy as he moves into his late 60's). He was angry.

The covenant between Wall Street and Main Street has been damaged beyond repair.

I guess the upside is that we get to watch a lot of people (Ben, Tim, 99% of clowngress, gotta find Hank, insert favorite investment banker CEO here) get hung during the end game. I hope I can participate or at least get it in High-Def.

GT
TH