Apprehension Over the Bailout Looms Large in Silicon Valley
by Genie Z. Laborde
- USA -
• Silicon Valley entrepreneurs (from left to right) Steven Apple, Lynn Douglas and Frank Gow weigh in on the financial crisis. Photographs courtesy of the author. •
Having experienced a downturn in my business after 9-11, I felt some concern about how the bailout and the predictions of further economic chaos would affect my debt and my income. I was more than a little curious about how others in business around me were dealing with this situation so I began asking questions. First, I asked people who know money and investments, then I asked my friends, and then, their friends.
I asked: “What do you think about the financial fiasco?” Sometimes, I re-phrased it as: “How do you feel about the financial fiasco?” Or “Does the financial crisis affect you?”
These three questions are similar enough but the responses I got vary greatly. Each person responded with emotion, evidenced in their voices, facial expressions, and in their choice of words. But each seemed glad someone had asked.
