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How to cope with the big stock flop Print E-mail
Written by Elizabette Guecamburu - Hometown Girl   
Friday, 26 September 2008


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Elizabette Gueamburu / Hometown Girl
Wall Street is all atwitter over these latest financial woes. AIG goes belly-up, Merrill Lynch gets gobbled by Bank of America, and the Monopoly man might have to mortgage Boardwalk, Park Place and Marvin Gardens to avoid bankruptcy.

I shudder to think of what’s next. After all, everyone knows that if you lose the row of orange and fuchsia properties, too, the game is truly over.

Anyway, from the tenor of recent news reports, one would think the apocalypse is nigh. If the sight of grown men crying in the streets of New York’s financial district wasn’t enough, the commentators can’t help but make comparisons to the Great Depression and the Crash of ’29.

While I’m not old enough to remember the Great Depression, it’s not something I’d like to live through firsthand. Any event substantial enough to warrant being called “Great” isn’t always great.

While we might not have a World War or the progressive policies of Franklin D. Roosevelt to help bail us out of this one, we do have our federal government doing everything in its power to contain the calamity.

I do hope they know what they’re doing on this one. After all, they said they knew what they were doing on the Iraq War, and look how that one has turned out. But I digress …

I’ve decided to stay positive about this whole situation, for if you stay positive, things are more likely to go your way. For example, rather than worry about the $80-odd billion that’s being spent to prop up AIG, I prefer to think of it as $80-odd billion we don’t have worry about being earmarked elsewhere — like Gov. Sarah Palin’s Bridge to Nowhere.
See, I feel better already.

I suggest you find the light in this bleak, depressing, horribly scary, distressing nightmare, no matter how many hours it takes you. For we all surely have a bit of extra time now — especially since we don’t have any money to do anything fun that would take our minds off the fact we have no money.

As bad as you think you may feel, you’ll never feel as bad as poor Herbert Hoover — whose presidential administration oversaw the beginning of the Great Depression.

He said, “Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.”

Poor Herbie. At least we don’t have to worry about carrying the burden of that kind of guilt.

Forgetting to collect $200 when you pass Go is hard enough.

Elizabette Guecamburu is a writer and native Patterson resident. She acceptse-mails at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
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