Daily Archives: September 25, 2008

Things I learned from my father (3 days before the stock market crash)

1. That the federal government keeps track of banks that are in danger of failing, and that usually there are 10 or so on the watch-list, and this year there are 117 (112 of which, I think, have since failed).

2. That there would be a big financial disaster soon and the Dow would fall to 7000 before it starts going up again and I should put all of my 501k retirement money into Treasury Bonds (Sure. I ran to my room, broke open my piggy bank, and double-checked that both of my retirement dollars are still in there – . . .

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