As expected, not all parties that were supposed to be saved by the much publicized financial bailout plan of the US really benefited. In fact, it is pretty much obvious that it is doing more harm and has gone as far as affecting the neighboring countries. It is bound to reach most local regions since the fall of Wall Street involved global investments, most of which have investors from all parts of the globe.
So what is next? Will the US government come out with something once again to save the financial crisis that seems to be growing by the day? Businessmen are certainly hoping that if ever there would be another plan, it is something that comes from strategical approaches and not instant solution which some people feel can save them from impending failure of stocks and financial burdens.
There are countries that are still coping. And many have vowed to do their part. But if you look at it all, we only have ourselves to blame. Man as always has been the prime source of all problems and this time around they too are the reason why most companies are falling one by one. Greed and failing to control what we can really afford are small but certainly critical factors that have contributed to this mess and today, it seems that a simple problem has grown out of proportions.
So how do you survive the crisis we are in? Well for one, control your finances and set aside selfish wants that are not necessary for everyday living. It is no longer an advice but more of necessity if we are to live out these growing issues today.
Originally posted on October 13, 2008 @ 11:02 am