Tag Archives: Stocks

Stock Market Going Bananas

It is a bit unnerving to see that there is another spiraling of the stock market. But we were warned that this could happen, because the market was up too high. I am however hopeful that it does not impact financial institutions the way it did the last time, simply because I am concerned that it might necessitate another bailout. The government still has not recouped all of its loan from those who were covered under the last bailout.

The problem for me is that these financial institutions profited from it, but instead of it translating to jobs it went towards making them stand out more as the 1%… the people at the top who own all the wealth in this country. Hopefully, their bad behavior of not providing employment for those that needed was a wake up call to our government, that bailing them out can NEVER  happen again. I am staying tuned.