My wife and I are 79 years old and have watched our finances all of our married life, with no bailout from anyone whenever we got in trouble.
Like many of you, we have had our investments lose value, but I believe the market should correct itself. In that way, maybe we would learn not to let it happen ever again - just like we did after the Enron debacle. After that mess, I had confidence in wouldn't happen again.
Now, here we have Wall Street and financial institutions. Because of greed, we were charged exorbitant fees and usurious interest rates, and now it looks like the taxpayer is going to have to bail them out while the big shots who saw this happening and did nothing will be allowed to walk away with golden parachutes in the millions plus added benefits. It just isn't fair.