Nationalization

I tell J. this morning 'hey, check to see if your employer still has an Employee Stock Ownership Plan (ESOP) and if yes, go ahead and get the paperwork to sign up. With the stock at a huge 'low', we can find a little $$ each month to buy some stock - to hold long term for retirement.'

And his reply was: 'as long as the bank doesn't end up nationalized and we lose it all.

This is the thing about my lovely husband: I've been terrified FOR WEEKS that his bank his headed into the crapper like so many others - and I bring up those fears periodically. The stock is devastated (as are most bank stocks)...and while his bank sure seems 'better off' than most, you never know, right? And for weeks/months, he's always replied 'oh, that won't happen to us. We're fine'.

Only today, when it comes to buying into his bank, now it's 'um, maybe we shouldn't'.

So you see, even the eternal optimists are getting a bit concerned....

This does not bode well.