--- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> , Peter <[EMAIL PROTECTED]> wrote: > > The bailout has already hit snags. The problem when you get centralized power trying to determine what the best action is when they don't know the details of a business. But at the same time, I don't trust banks to make the best decisions for the country. > > http://biz.yahoo.com/ap/081025/meltdown_evolving_bailout.html <http://biz.yahoo.com/ap/081025/meltdown_evolving_bailout.html> >
Hey Peter, as a teacher do you have a pension with TIAA-Creff. Turns out its a not-for-profit private company, that manages probably the biggest fund in the country - $420 billion - and has not been put at risk by the meltodwn because they specifically decided against risky mortgages and other high risk stuff. So this proves that there is nothing wrong with the markets and how they work, as long as people are conservative with their portfolio. If a $420 billion fund can be managed properly in the worst of times, then the others can do it too. Too many greedy people were thinking that they could get rich quick off the markets. OffWorld
