It's certainly not just me. It's a whole lot of us. We were told to provide our own security for ourselves when pensions became pretty much a thing of the past, and some of us took the duty seriously. Now it looks like we won't be much farther ahead of the masses who blew it off completely.
I'm not an economist so my fears may be totally baseless.
I have always believed trickle down economics made perfect sense. Prosperity does not grow from the bottom up, it has to start where the money is. If the money at the top is decimated, will that not trickle down as well? I'd argue that some institutions are to big to fail but the people who caused this be held to account.
Whether we like it or not, we participate in a global economy. How will this failure effect the rest of the world and more importantly, how will this failure effect other nations in their financial dealings with us?
I don't know the answers to the questions I've posed.
I may be totally off-base but allowing this massive failure reminds me of a 3rd world country's economic failure.
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