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View Diary: Carnegie Mellon Professor: No bailout needed (305 comments)

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  •  Forgot to add, (2+ / 0-)
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    suresh, viriginia liberal

    I was less than 10 years from retirement when that happened to my retirement account (intel was not the only stock I held, but I got out of them all anyway).  I was talking to my rather well off mother-in-law on the weekend and she told me that none of her money is in the stock market; she always kept it in savings accounts with regular banks since she was young and once was in and out of the stock market for the same reason -- no reliable growth.  About half the people I ask do not have stock marktet investments.  Bank savings accounts are far more popular than I had been led to believe, even among people with a stash of money. the elites...actually believe that society can be destroyed by anyone except those who lead them? - John Ralston Saul -

    by Silverbird on Wed Sep 24, 2008 at 02:26:56 PM PDT

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