I'm no financial expert. Perhaps now would be a good time to be one.....or perhaps the worst time. I don't know. I'm having a hard time understanding what is really going on in the economy beyond the headlines. And I do understand the headlines!
I am sure however that we are heading into one of the darkest economic times in our history - and clearly the darkest of my own lifetime. You do realize our economy was on the brink of collapse last week, don't you? Collapse!
We've all seen/heard plenty of facts over the last week or so. 80 billion for this. Potential collapse of that. 800 billion over there. The numbers seem to lose their "impact" once they've been slung around so easily. Perhaps we're numb to it all.
But we shouldn't be!
YOUR clients make stuff. They sell stuff. They insure us. They help us stay in touch with each other. They provide our electricity and make our clothing. They are the ones putting products and services on our collective shelf.
So in the bigger picture "We" are "your clients". "You" are "my client". So if we do not have "our" warm/secure feeling then "we" will not be paying "your" fees.
I'm no alarmist. Really I'm not.
My only advice - you better fill the jobs you're recruiting on NOW! QUICK! TODAY!
Now is not the time to take a 3 martini lunch or plan your next 4-day weekend. Get on the ball people!
WASHINGTON (AP) - The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned.
Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE), and insurer American International Group Inc. (AIG) Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. (LEH) also is under investigation.
Whole story here.