There are those that tune into their particular favorite news channel and watch the Dow and the S&P 500 plunge towards 1990's numbers and view it as just the "rich becoming poorer." To bring this event in our time and history back home - if you have a Thrift Savings Plan with the Postal Service - take a look at your current balance. You will get a sick feeling in your stomach. Before going to work, I visited www.tsp.gov and noticed that my account has lost nearly $6,000 in a month.

If you invested your TSP solely in the G Fund - you are the current winner and you are smarter than the rest of us. There was a time, if the stock market was in a bull session - the C Fund was your best bet. When it was a bear market, you could switch your earnings towards the F Fund and accrue significant gains. The G Fund has always been steady but, normally, a slow gainer profit-wise.

Perhaps, it is part of my nature - but I had always assumed that the path to high gains was high risk. Financially, you have to assume risk in investments to receive a higher return on your monetary bounty. At work, I became a steward to risk my reputation and other intangibles to reward my co-workers with an improved workplace bounty. I have now temporarily put my all of TSP in the G Fund but I waited too long before I made that move.

I was watching the video on PostalTexan's blog concerning the $440,000 party that AIG had at the St. Regis resort in California using the $85 billion dollar bailout that will be funded by us, the taxpayer. Yesterday, AIG received another $38.5 billion dollars in taxpayer-backed bailout money.

This matter seemed closer to home while I was talking to a co-worker who is a rural carrier. Along with his wife who works as an RN at Craig Hospital in Englewood, have been putting away money for over 15 years into their children's college funds. They have a son and a daughter. Their daughter is a high school senior and will be graduating in May and plans to attend college in September. While reviewing their children's college funds online, they were shocked to find out that these accounts have lost over $10,000 in the last three months. There is no way on Earth that will be able to recoop that kind of money before September. They have acted responsibly and have been putting away their hard earned dollars for years and are now being punished by the corporate greed of companies like AIG.

Woo hoo! Party on, AIG!

This $700 billion dollar (now $855 billion) bailout plan is NOT the solution. It will eventually free up credit within the market but, from my limited understanding of economics, the credit market is NOT the main culprit. This crisis stemmed from the housing market. There are people who responsibly purchased a home for their family WITHOUT utilizing the sub-prime scam. Hypothetically, if a responsible person purchased a home 3 years ago with a $150,000 mortgage they will be shocked to find out that their home is now worth $120,000. It is no wonder that foreclosures are so high with too many homes that have negative equity. These people will never see ONE PENNY of the bailout money. Responsible people could lose their homes while Martin J. Sullivan of AIG will receive a $5 million PFP bonus.

Have a Long Island Ice Tea for me AIG!

It is the law of the universe that what goes down will eventually go up. YEARS from now, there will be a positive outcome - but it will come too late for many people - and this includes our co-workers who invested in college funds to give their children a better life or those that planned on retiring in the next 2-3 years.

If you listened to Henry Paulson's latest plan - there is a proposal to remove $2 trillion dollars from the reserves that we have stashed in global bank vaults. There have been times when global markets have swapped currency on the idea that the funds would be paid back, but this withdrawal,  would be an open-ended withdrawal involving no payback to the global market. Worldwide, the European markets would be taking a major gamble based on our reputation. The component that would affect us is that the T-Bill could be devalued and the last safe haven in our TSP - the G Fund - would be at risk.

As I am writing this blog, the Dow just dipped below 9,000 points. The confidence in our financial managing entities is at a new low. I could have saved AIG over $25,000 on their spa massages that they received at the St. Regis Resort.

I personally know many people who would love to get the hands on those greedy AIG executives along with the other corporate moneygrubbers steeped in greed . They would also be willing to repay those Freddie Mac execs - right in the Fannie.