Some people will have put their money in a "safe" sensible prudent money market fund to save for their pilot training but will now be screwed because the money markets have frozen and they can't easily get their money out... and they may even have lost a slug of it.... these are the people the $700bn is aimed at bailing out
GSB i don't have any sympathy whatsoever for the people that put their money in a prudent money market fund as they should know the risks of putting their capital in such a fund - nothing is safe when it comes to the stock market. I am totally opposed to the $700bn as i believe market forces eventually will deal with the problems. This is the long awaited correction and i welcome it.
