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When you ask the man on the street about the most memorable time in history he lived through, you would expect an answer like the tragedy on 9/11/2001. Perhaps their second most memorable will be the economic collapse we are witnessing.

For Wall Street, the unprecedented events in the financial world this week have put in perspective by a hardened world. The news over these last few weeks has reshaped the financial services industry forever. Major firms like Lehman Brothers went bankrupt while others like Fannie Mae,Freddie Mac and AIG wound up in government hands. While huge banks like WAMU were merged into stronger banks like JP MORGAN CHASE. Whose left?

This week congress is expected to again revise a bill to help bail out and re-capitalize our financial system. Newspapers throughout the world report of similar collapses of foreign banks.

While these events could sink our economic system I am hopeful it will instill in all of us the great survival we all witness during the 9/11 tragedy. The best and the brightest will emerge with new ideas and solutions will come.

This is the beginning of a long process of recovery but, each day many of these revelations have been swiftly handled with the result stronger bonds that will be harder to break the next time.
We will follow these events closely and comment further over the next few months. Keep in touch and let us know whats on your mind.

It’s time to make a decision as election time is here and near. If you’re like me, the last eight years have caused you a few sleepless nights or perhaps many. Now my recent concerns for my financial planning clients have reached high alert as banks and financial institutions have begun to erode. Not good by any means. Each of us have our own list, health care tax reform the budget deficit a slowing real estate market or even just the survival question of getting a job. This election to me must be about more than a great speech or a catchy one liner it must be carefully drafted answers to these seemingly overshadowing problems.