Tag Archive for: Bear Stearns

Manage Your Money

I was watching the business report on Canada AM this morning. Doom and gloom as the financial markets continue to implode.

What caught me by surprise was a parting comment by the business reporter. As the story closed, the Canada AM hosts were trying to be positive and they asked the business reporter what people should do. He told them that people should not panic. And then he said something very, very odd.

“This is why you should let the professionals manage your money.”

Hopefully not the same professionals who were leading Bear Stearns, Lehman Brothers and Merrill Lynch.