Reply #124: I think we need to be careful, wall street is translating to Main Street

[RollWithIt]

What I mean by that is lots of people, including myself, have money in 401K and IRA retirement funds. We are suffering through this crisis through no fault of our own. I've lost somewhere around 20% of my retirement funds in the last six months. I'm only 32 years old, so my savings is minimal. But lets say I had $200,000 saved for my retirement at age 50. I'd now have $150,000. $50,000 just erased. If the government doesn't step in and try to stop the madness, the $150,000 left for retirement will equal maybe $50,000. Welcome to 70 year olds in homeless shelters.