tag:blogger.com,1999:blog-13876278.post3784068325870364258..comments2023-07-13T05:12:57.937-07:00Comments on MarketPsych: Applying Behavioral Finance: Fear Index Highest in HistoryAnonymoushttp://www.blogger.com/profile/03622698135652409361noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13876278.post-2254240787740549892008-10-05T05:05:00.000-07:002008-10-05T05:05:00.000-07:00How dare you compare a person dying with a company...How dare you compare a person dying with a company going bankrupt?? Yes, people are loosing their job, but they made the choice to work for risky highly leveraged companies - AND received high salaries, stock options and benefits for a long time!!<BR/><BR/>As a psychologist you should be the first to know: to get people to agree on changes in the way they behave it must HURT in people's pocketbooks!!! <BR/><BR/>When gas prices went up, people drove less - when cigarette prices went up due to taxes, people smoked less - all for the better of the population!<BR/><BR/>And this is how it will be with the economy: Severe CHANGES are needed in financial behavior, regulation and legislation. This is why it needs to hurt on Wall Street and Main Street!<BR/><BR/>The bailout in this form was and will stay wrong, because it bailed out the industry that, by opposing regulation, got themselves into trouble! The taxpayer bails them out, and the next industry stands in line behind them: car industry, airlines, ...<BR/><BR/>Where will it end, don't we have enough debt already?<BR/><BR/>Let's face it, the American System is broken and we are loosing to that of other Countries!!Christophhttps://www.blogger.com/profile/05711984003672576938noreply@blogger.com