VentureBeat - Latest Comments in Congress reaches deal on $700 billion bailout

Re: Congress reaches deal on $700 billion bailout

Mon, 29 Sep 2008 13:21:29 -0000

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Re: Congress reaches deal on $700 billion bailout

Mon, 29 Sep 2008 13:18:31 -0000

I am getting more and more fed up with Wall Street: The financial markets at Wall Street in combination with the global marketplaces have become such an interwoven, giant, monolithic, extremely complex and as recent history shows, extremely fragile marketplace. Often even financial experts lack insight and comprehensive understanding of all the interdependencies, so it is no surprise that a increasing number of private investors are getting more and more at unease with the lack of transparency. In my opinion we need to go back to basics: Move the money from this macroscopic, behemoth and abusive market back into small businesses on main street. Brick and mortar usinesses with nuts and bolts, that are in expansion mode. It is transparent, easy to understand, you see your money at work, and often, your investment will be secured by the assets of the business. In case your money sits in a 401k, don't think your hands are tied, you can roll it over to a self directed IRA. There are several plan adminstrators out there who allow you to invest into a multitude of assets, way beyond the classic choices of mutual funds.

I'd characterize this back to basics philosophy as Micro Economic Investing.

Re: Congress reaches deal on $700 billion bailout

Brad — Sun, 28 Sep 2008 18:46:36 -0000

Massive changes in mortage law needs to be changed before the us will be able to dig themselves out.

Re: Congress reaches deal on $700 billion bailout

acheslow — Sun, 28 Sep 2008 15:10:02 -0000

...and then we can watch the value of the dollar fall even farther after the Fed prints more fiat currency to hand over to the banks.

Re: Congress reaches deal on $700 billion bailout

WhyLoo — Sun, 28 Sep 2008 14:19:03 -0000

mmm. thats interesting

Re: Congress reaches deal on $700 billion bailout

Don Jones — Sun, 28 Sep 2008 12:48:36 -0000

Dean - the most important reaction will be from the credit markets, not the stock markets. The credit markets are frozen - that is the problem.