The $700 billion package the congress based last week is only about one third of what retirement funds have lost so far… The economy's bad, but it could be a lot worse. Your money is still safe in the bank (unlike the Great Depression and various and sundry other financial crises where if your bank failed, your savings usually went with it…). In fact, that's what did WaMu in, people packing and pulling their money out, which only exacerbated the problem. There needs to be a fundamental change in the economy, in people's lifestyles. We need to start living within our means. Debt is evil. You can live large now, but eventually you're going to have to pay the piper.
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