I had to post. Too much is happening in the world and I need a way of processing it!

• Bear Stearns was gone in a weekend. Not that I knew anyone there, but I once went for a job interview. They were a big organization.
• The Treasury Department takes over Fannie Mae and Freddie Mac. $200 billion taxpayer money is ‘lost’.
• Lehman Brothers (26,000 jobs will be lost.)
• Now there is talk of Merrill Lynch being sold to Bank of America.

I was nonplussed at first (after living through the dot-com bust, I became a bit unconcerned about this economy).

Now, I’m worried; first for the future of the financial system to provide New York City jobs, and the whole tri-state area, which will be hurt for a long time to come.