September 19, 2008

StreetTalk by Carol Rosen

Last week and this week there have been a number of financial crises with the government bailing out Freddie Mac and Fannie Mae as well as AIG and Lehman Brothers filing for bankruptcy, as well as the stock market melting down a couple of times. Have you started to hide your money under your mattress yet?
Asked at the Canyon Creek Center

“No, but I’m seriously considering it. I don’t have any faith in keeping my money out there in the market.”

Tricia Abbott, 42
Evergreen
Homemaker


“I’m concerned. But it’s too late to put it under the mattress as old as I am, I just have to ride it out.”

Tom, 67
Evergreen
Retired


“I don’t have a bank account. I keep it in a coffee can.”

Anthony, 25
Evergreen
Deli employee at Cosentinos

“No I haven’t but I think we’re all concerned. I called my financial advisor, who told me we just have to ride it out and not panic. It’s not a good situation but we have to hold on and wait it out.”

Carol Nicoletti, 69
Evergreen
Retired


“No, because all my money is insured and I trust in the FDIC, today. I don’t know where I’ll be tomorrow. Every day brings new changes.”

David Phillips, 53
Blossom Hill
Vice president of sales


“No I haven’t taken it out. I have it in property and I may take what’s in the stock market out. The real secret is to take the money and buy something extravagant and use it and enjoy life before you lose it.”

Gina Schneider, 62
Evergreen
Retired


“We actually are thinking about and starting to change banks and put the money where it will be safe. It’s not under the mattress yet.”

Laura Angelani, 27
Silver Creek
Homemaker


“No I haven’t put it under the mattress. I’m concerned but we’ve been through things like this before. I just don’t want to take out a loan right now.”

Cheryl Connors, 42
Evergreen
Wellness Marketing company