It’s been a rough time for all of us this past year, but let’s put things in perspective America. Most of us lose our 401Ks and other investment accounts in the hundreds of thousands, but for a moment, imagine having billions and losing it (only to be left with millions). While most of us never had that much to lose to begin with, billionaires on the other hand, lose billions; that’s more than most of us make or save put together many times over. So you see, this economy has hurt the rich and the ultra super rich as well. In fact, they’ve lost more money than we ever could imagine losing. According to a Forbes article we only have 793 billionaires from a whopping 1,125 billionaires only a year ago. That is 30% reduction! Yes, 30%. No, I don’t think it’s quite clear yet.

“Tick Tick…” hear those sounds? That’s right, just two days after launching Support Our Bankers (SOB), the market has picked up an amazing 473 points (after going down 3800 points last Nov.). Markets rally when a significant financials are announced (or secret memos are leaked). Vikram Pandit “encouraged with the strength of our business so far in 2009”(that’s what the memo said) seems to have spurned the movement. The key terms, of course requiring immense years of study in business and economics and/or business experience, are “encourage” and “strength.” These are the kinds of words we need to revive the market that presently lays comatose in an emergency ward (where else would the market sleep?). Magical words of healing from Pundits (or Pandits; yah that’s where his name comes from) stimulate the economy to rise (In your name Jesus, awake). Wait, that noise. It sounds more like “Tick, Tock...”

Source: The Financial Crisis Explained