Lehman Bros file for bankruptcy - Not a good day for investors

Originally Posted by RacinReaver

Should I feel bad in that my hatred for the stock market and the general way our global financial systems are run is letting me enjoy all of this?

You should feel bad that you deluded yourself into thinking you'll be unaffected by all of this. I'm not saying that the sky is falling and to stuff all your money in a mattress, I'm just saying I sure hope you weren't planning on buying a home in the next ten years. Once the dust settles from all the banks going tits-up, every politician with a pair of eyes to see will be screaming for more regulation and tighter restrictions on who gets mortgages*. You can already see it with McCain calling for a committee to find out how this could possibly happen.

* because a bunch of people with an individual worth of $20k a year can bring the biggest banks to their knees.

Jam it back in, in the dark.

Originally Posted by RacinReaver

Also, not worrying too much about my own abilities to purchase a house within the next 10 years since straight out of school I should be landing in the top 25% of Americans for annual household income.

and if I know you (and I do), you'll be bitching that even with that sort of cash in hand you'll still have a ridic interest rate compared to what you could've had. Admit it, RR. You're the guy who'll drive out of town to save 10 cents on your gas. You take cash out specifically so you can get cheaper gas at places that charge more for credit purchases. You cook for an army because it's cheaper than making rational portions! You better believe the prices of commodities will sting.

On the other hand, thumbing your nose at people who gave you career advice back in high school. I'm down with that. Whenever my mom asks me to program the DVD player, I bring up how she mocked computers back in the day. IT'S JUST A FAD HUH

GOD MOM JUST LEAVE ME ALONE

There's nowhere I can't reach.