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Monday, December 1, 2008 12:00 AM

I bought stocks; my husband bought CDs. Now I can't bear to look

I can't get up the nerve to tell my husband just how much money we've lost.
By Cary Tennis

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  • Monday, December 1, 2008 08:05 AM

    you screwed up by trusting financial advisers

    I'm not sure why you would be afraid to talk to your husband about this. Is your husband an unusually mean and judgmental person?

    Most Americans are in your position. They drank the kool-aid. They are guilty of being a little gullible, but it wasn't them who screwed up, it was people much higher up who decided to pitch 401Ks as a good way to save for retirement. Lending money, which is what buying stocks is, was presented as saving money. People like your husband (and me, incidentally) were said to be idiots. Looks like we weren't so dumb after all, huh? But it's hardly something to gloat about, not when so many people got hurt.

    —Allie_ Read Allie_'s other letters

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