The automotive bailout Options

[playr158]

This post has been edited by playr158: Dec 9, 2008 - 2:21 PM

[Culpable04]

i dunno but who ever has 401k check how much you have i had lost like 200 dollars in the past months in mine

you're still in good standing


I'm not gonna give actual number of my 401K, but I'm gonna let you know that I have lost a little over 55%, and that's including my low risk investments which are what's keeping my account positive.

some of the stock have fallen from US$36.90 to US$11.30 in a matter of a year. I have lost both of my last jobs due to companies relocation, so the local job market in NJ is telling me that I got into the wrong field. I still manage to have some decent job offers which I'm considering at the moment, trying to decided which one is gonna move to another state or close a facility faster than the other.

This bailouts are a joke, even if you don't lose your job now you'll lose it and will never be directly benefit from those billions of dollars, unless you're a CEO or related.


I agree with others when they say a company takes the wrong decisions, then it has to deal with the results, it's so easy to play with your money with no regards of the outcome when you can just put your hands in the basket and take money from the people and start right back again.