Apprehension Over the Bailout Looms Large in Silicon Valley
by Genie Z. Laborde
- USA -
Most people do not see themselves as financial experts. However the strong emotional response we’ve seen lately shows that many people feel the government’s bailout bill reflects the machinations of a Congress that is more focused on propping up big business than securing the financial well-being of U.S. citizens and world markets.
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?”
