Financial Crisis aka Suzanne's Rant

I can't believe what has been happening with the stock market this last week. I've lost 45% of my 401k in a week. In one stinking week. I've been working the last 10 years to have my 401k cut practically in half in one week. And there are people out there who have it a lot worse than me. At least I'm not planning on retiring soon. How can those people retire soon? They must have no money left. It's so sad.

I've been watching all the shows on TV that have been trying to explain what is going on. And how come we have found ourselves in this predicament. On one of the Oprah's they called us (the middle class population) Annie. What I realized after watching that show is that I'm pissed at Annie. I'm pissed at the banks and the financial institutions. I'm pissed that our government is bailing out these companies and the CEO's are spending $400,000+ for spas and vacations. I'm pissed that the banks went out and offered loans to Annie's who could not afford them. I'm pissed at Annie for taking those loans and now Annie can't make the loan payments.

Lance and I didn't go out and get a home loan, because we knew we couldn't afford it. We didn't go out and buy $50,000 cars and run up our credit card bills because we knew we couldn't afford it. It makes me irate that certain politicians want to buy out home loans for the people that are foreclosing on their property. Why? So they can stay in their homes and my taxes can go up? No thank you. So that the bank can still make their profit off of the loan? Maybe the bank should not have loaned so much money out to high risk Annie's!

Ok, I think I'm done ranting. Thank you for letting me get that off my chest. Now, I'm going to stuff my money under my mattress. I kid I kid things aren't that bad..............yet! And I promise to not use this blog as a place where I rant....too often! And I promise not to spew my political views........too often! Hopefully everyone will be voting in a few weeks!