On Fri, 12 Sep 2008 23:00:38 -0500, Day Brown
daybrown.org>
wrote:>Given the volitility of the stock markets,
All "markets" are volatile, that's why they're called "markets."
>the corporate raiding like Enron & Worldcom
The term "corporate raiding" is used to refer to one company raiding
another company's staff and/or customers.
Enron & Worldcom was simply criminals begaving like criminals.
>and the regulation failures we see in the financial sector
There haven't been "regulation failures."
Regulations, or a lack of regulations, does NOT cause hard-working
law-abiding people to suddenly turn into criminals.
>few young people would choose to invest.
Actually, this would be about the BEST time for young people to invest
since they have the time (15 to 20 years) to see an investment grow
and since they can get in cheap.
>But young people also
>see that Social Security is unfunded
Social Security is not unfunded. But it is UNDER funded in the
out-years.
>Neither
>presidential candidate either understands the depth of the problem, of
>if he does, is up front about the answer.
Social Security was fine until Democrats (and some Republicans)
started borrowing from it and didn't pay it back.
