Comments on: All That Money You Lost - Where Did It Go?

Surprise! It Was Never Really Money In The First Place

[tdebat]

2/3 rds of congress is corrupt until that corruption is gone the American life style is decline until the there is no middle class.

[hypnotoad72]

What does that "k" stand for in "401(k)", anyway? Kleptomania? :P
Posted by hypnotoad72 at 08:33 AM : Oct 12, 2008

It stands for Paragraph k of Section 401 if the IRS code, which defined the 401(k) plans.

There are also 401(a), 401(b), etcetera plans.

Posted by txgrouch2007 at 08:38 AM : Oct 12, 2008
---

Thank you much for the edification. Succinct and to the point. (Granted, I was a tad jocular... typical to my persona, but I genuinely was ignorant. Again, thank you.)

[pollroller1]

Now let me see if I can figure this out. I take one hundred dollars out of my pocket and buy some stocks, the next day the stock is only worth 50 dollars and I sell it. Did I not just lose 50 dollars?

[hypnotoad72]

What does that "k" stand for in "401(k)", anyway? Kleptomania? :P

[tannerbird]

Txgrouch2007 i was saying if you had to sell now. If you can wait it out maby it will go back up have a nice day!

[tannerbird]

The old farmer raises chickens one day a man comes and offers to buy all his chickens for 1.00 each the old farmer sells thinking he has done well. The next week a man comes buy wants to buy chickens says he will pay 5.00 for all the chickens he can find.Well the old farmer thinks about this calls the man that bought the chickens and offers him 3.00 for the chickens he sold for 1.00 thinking i will make 2.00 when the man comes back that offered 5.00 but guess what THE MAN THAT OFFERED 5.00 NEVER COMES BACK.The people on wall-street are crooks they make money on your money.

[bobgee_1999]

"Surprise! It Was Never Really Money In The First Place"

Not really that revelatory an observation. If you want to split such hairs, money is just paper anyway; it represents value used to purchase goods. It doesn''t matter whether the value is represented by paper or abstract figures, the prinicple is the same.

[tannerbird]

I think Robert Shiller is full of shi! if you bought stocks and spent 50.000 of your money and now it is worth 10.000 someone has your money!

[ybotheratall]

Joe Six Pack is a stupid term and needs to be eliminated, along with other moronic phrases like "throwing them under the bus". It makes the people who use the phrases sound like idiots.

To say that the money we lost was never even there is an insult to those who viewed the numbers in their retirement, bank and other accounts as real assets they could count on. The criminals (read: execs) who still, even after the bailout, reap the benefits of their malicious activities and won''t lose their spa visits, luxury homes or be affected by the REAL trillions of dollars that were lost. Shame on CBS for trivializing the losses so many have faced.

[wl7bzh]

The Federal Employee couldn''''t - "Survive" in that Production Environment
If you complain about : PAY SCALE and RETIREMENT Benefits
Look to the - DEAD BEAT - Federal Employee ! !

Posted by lastdance127 at 01:33 AM : Oct 12, 2008


Dead Beat-Federal Employee-You mean not blue collar?

Self Righteous indignation-Jealousy with a halo.

Little suggestion? If you want your blue collar rug rats to not have to do manual labor suggest that instead of shoving the high school geek in the wall locker, ask the nerd if he would be willing to help your mentally deficient brat with his homework.

Yea, I know he wants to be just like his ol man. Hey baby doll, ball games on-bring me and tha boys anuther beer. EEEEH Ha.

[brianbwb-2009]

"You took a risk when you bought. This is Mr. Risk knocking at your door and saying "Hello!" Posted by txgrouch2007

Absolutely correct, but there is also another side, those companies whose worth is now devalued because of credit default swap playing, are now asking the taxpayer to cover losses of money they never actually had, and the idiots in DC are accommodating them.

When the bills are printed to cover this $850 billion dollar bailout, (more like 2 trillion before this is done) plus the $3 trillion cost of the Bush military misadventures, the value of the dollars in the hand of someone who was not playing Wall street will also fall, meaning less buying power for the work done to earn the money.

It doesn''t disappear in this case, it is being stolen by averaging from everyone who uses dollars.

[slim1h2o]

The waning months of the Bush adminsitration are making the Carter years, with those lines at the gas pump, seem like an economic Golden Age by comparison.


--------------------------------------------------------------------------------

Posted by erb0087 at 05:50 AM : Oct 12, 2008


I think you''re a little confused. Those gas lines were in 73'' and 74''.

Jimmy Carters Presidency ran from 76'' till 1980.
So, he had nothing to do with the gas shortage, Unless a senator from Georgia has more power than I think he does or did.

[erb0087]

Jimmy Carter should be very grateful to George W. Bush.

The waning months of the Bush adminsitration are making the Carter years, with those lines at the gas pump, seem like an economic Golden Age by comparison.

[jendreyfuss]

Obviously, the author of the story hasn''t received a letter from the county assessor''s office. You know the one where they give you the great news that yur taxes have been lowered because they have de-valued your home.

[waspeus]

All these comments show how deep is the financial knowledge of the regular people. Close to zero. Economy and finance should be taught in schools starting with grade 1. That''s why we are in a situation where 90% of the Americans don''t really understand weather the 700 bilions "bailout" is a good thing or not, and a excellent article like this is derided and labeled as BS.

[lastdance127]

The Average Retired Union Autoworker is
Receiving between $612.00 and $1,400.00 a month
Health Insurance is PAID by : The Retiree

The Autoworker Union Members
Have NEVER Received the Pay Scale or
Retirement Benefits Equal to : THE FEDERAL EMPLOYEE

The Federal Employee, who has never learned how to Work
The Federal Employee, Who Has NEVER Had to Make Production
The Federal Employee, Who works at a LEISURELY PACE
Making Little or no Production ! !

What you see on TV as Auto Production
Is Staged by Management Employees

Figure it Out
One (1) Full Sized Car built every Sixty Three (63) Seconds
Three (3) Seconds between each car
One car Built every minute

Four Hundred and eighty (480) Full Sized Cars Built each
Eight (8) hour Shift __ Monday through Saturday
Overtime is Minatory - No Refusal

One (1) Twelve (12) minute Break in the morning (company assigned)
One (1) fourteen (14) minute break in The afternoon (company assigned)
Three (3) Times Tardy or Absent in a Eighteen (18) Month Period __ Your Fired ! !

The Federal Employee couldn''t - "Survive" in that Production Environment
If you complain about : PAY SCALE and RETIREMENT Benefits
Look to the - DEAD BEAT - Federal Employee ! !

[lastdance127]

Each Year US Auto Manufactures Ask for and
Have Been Getting FREE Money from The
Federal Government Every Year - For DECADES

Under The Nazi Fascist : Reagan-Bush Crime Regime

Chrysler was the First Automaker to Build New
US Auto Manufacturing Plants in :
Mexico - China - Germany - France - Egypt and Saudi Arabia

Chrysler was the First Automaker to close a
Auto Manufacturing Plant (Wisconsin)
20,000 Jobs lost in One Day) and to Send Those Jobs
outside of the United States

That Year Chrysler Management gave themselves a
$29 Million Dollar Pay Bonus _ Saying :
"They were such a good management team"

Criminal Corporate NAZI Fascist America
Will do as it has always Done __ MOCK and Ridicule
The American Worker and The American TAXPAYER
Then and Stick any Taxpayer Funds into their own Pockets

Any Corporation or Political Influence :
That has Supported and Assisted in : The Achievement of
PURPOSELY and INTENTIONALLY
Destroying The : ECONOMIC INFRASTRUCTURE of
The United States is an : Act of TREASON
TREASON is : A CRIMINAL ACT ! ! !

[lastdance127]

Censored From ABC News :

The US Auto Manufacture BAIL-OUT
Any Japanese Car Sold in the US by an US Auto Manufacturer
That money goes into a Japanese Controlled Bank in the US
At Night The Money is Transferred To Banks in Japan
The Same with The "GERMAN" Auto Maker

Dahlmer-Chrysler __ Get it Yet ??

The Money that is Given to US Auto Manufactures
Does NOT STAY in The United States

The Achievement of : Criminal Corporate NAZI Fascist America

ECONOMIC STRIFE - That is Being used as a Weapon to
ELIMINATE a DEMOCRACY _ and _ REPLACE IT
With The Totalitarian Dictatorship of : A NAZI FASCIST RULE
Against : The Populace of the United States

Any Corporation or POLITICAL INFLUENCE
That has Supported and Assisted in :
The Achievement of : PURPOSELY and INTENTIONALLY DESTROYING
The DEMOCRATIC INFRASTRUCTURE and The ECONOMIC INFRASTRUCTURE
of The United States is an : Act of TREASON

ECONOMIC STRIFE : Has always Been
The Endorsement of : The Republican NAZI Fascist Party

If your Comments have have been Censored from
ABC News Comments

Contact the : Civil Liberties Union
Ask for a CLASS ACTION LAWSUIT Against :
Brian Ross and The ABC News

Ask The Civil Liberties Union :
To Advertise For People Who Have Been Censored By
Brian Ross and ABC News
To Join in That Class Action Law Suit
http://www.aclu.org/contact/general : (Request Legal Assistance)

http://www.aclu.org/contact/general
Posted CBS News - Ruters (BBC) - MSNBC - FOX (Others)

[incog-nito]

Total B.S. The money you lost is not just a figment of your imagination. Say you bought a house for $300K at the height of the housing boom, that money went to the seller, whether it''s an individual or a home builder. If it''s only worth $200K now, YOU OWE the difference. Similarly if you''re contributing regularly to your 401K and your portfolio dropped by 30%, YOU LOST that money. Somebody sold the shares to you (or your mutual fund manager) at the higher price before the drop. For every dollar somebody lost, somebody else gained.

[eddieusa]

Buy valuable ammunition and pay for it with worthless Federal Reserve Notes. You can''''t lose.


--------------------------------------------------------------------------------

Posted by DeckardBR at 01:05 AM : Oct 12, 2008


Can''t agree with you more. Investing in commodities like lead and copper won''t hurt...
Gold - overpriced in my opinion, plus you can''t eat it.
Just wonder, how is "The One" is going to pay for free healthcare for everyone?