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...this way: until Monday, the calls and e-mails to his office were 200-to-1 opposed to the bailout. But after the huge market drop, only about half the people calling his office congratulated him for voting against the bill. "The other half are looking at their 401(k) drop $50,000 in a day, and they call me up and scream at me and say, 'You rat bastard, I'm never voting for you again!' " he says...
...concerns about his college fund to stop the panic. Biehl, whose parents filed for bankruptcy when she herself was in college, wrote: "I briefly explained that it's all cyclical." Still, on the Monday of the vote and subsequent market crash, Biehl took a look at her 401(k) and discovered she had lost $6,300. "But then I thought, I have still doubled my money since I first started investing and - as I wrote in my blog - this too shall pass," she says. While Biehl realizes the need to do something, she wants Washington to go a little slower...
...including many of your constituents. The $1.2 trillion - let's spell that out as $1,200,000,000,000 - that disappeared from the stock market on Monday didn't go down a black hole in lower Manhattan. It came out of America's 401(k)s, mutual funds, pension funds and personal portfolios. We've got $17.6 trillion in retirement assets invested as of 2007. There is some $12 trillion invested in mutual funds alone (well, at least before yesterday); about 44% of all U.S. households hold these accounts, according to the Investment Company Institute...
...reaching out, hearing what other people have to say, and seeing what the class wants.” Perez cited the opportunity to stay in touch with his class as his primary reason for running. The other six Class Marshals include Kameron A. Collins ’09, Amanda K. Fields ’09, Heidi E. Kim ’09, Christopher C. Lo ’09, Margaret M. Wang ’09, and Joyce Y. Zhang ’09. The eight senior Marshals were chosen from an original pool of 61 candidates in an election...
...Namhi K. Wagner, donning yellowtinted glasses as she sat in the front row at the lecture, said the commemorative event for her husband evoked both sadness and pleasant “surprise...