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Well, if you had a fairly conservatively distributed IRA, you lost around six grand per $100k yesterday. Ouch. By far, most of those people were just working joes who lost that trillion dollars plus yesterday, not greedy stock market types. Yeah, refusing to help the markets out will hurt the fat cats a LITTLE...but the price normal joes will have to pay to do that may end up being trillions in lost retirement savings. The quality of life of millions of upcoming retirees, for the rest of their lives, is at stake.
If this ever had anything to do with bailing out the fat cats, it doesn't now. It's about saving our economy so people who rely on such esoteric things as jobs and paychecks will continue to be able to get them. If people wanna tear off both their legs to get rid of a wart on one of them, well, yeah, that works, but...
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