Monday, September 15, 2008

Wall Street Meltdown- How can the Average American Recession Proof their Income?

The Wall Street meltdown continued as the Dow plunged 500 points today. The bad news keeps on coming. Lehman Brothers are about to file bankruptcy leaving approximately 10,000 people without a job. The largest bankruptcy in American history. Merill Lynch got a temporary reprieve by being bought out by Bank of America. But will the employeees enjoy that reprieve? AIG the biggest insurance company is about to collapse if help is not found FAST. Fannie Mae and Freddie Mac was bailed out last week by the Washington.
And what the experts telling us to do? Not to panic!
They suggest that we do not touch our Retirement Funds, that this situation will even itself out by next summer the latest. They are also telling us to have a Plan B or a back up plan. Where did I hear that before? Hmmmm..... See how I recession proofed my income.

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