Oct 7, 2008 11:04 pm US/Central
In The Know: Shelby Sticking Around Like Favre
(WCCO)
More than 80 percent of Americans are reporting a higher level of stress as a result of the financial crisis on Wall Street and Main Street. It is especially high for people who are nearing retirement age. Don Shelby says he's thinking of pulling a Brett Favre.
When the former Packers quarterback said he was retiring, and then backtracked and signed with the Jets when the Pack didn't want him back, I was upset with Favre.
Now, I think he was a genius.
I think Brett sensed the stock market was going to collapse. Retirement and pension programs have lost $2 trillion in the last 15 months. A tiny, tiny bit of that was mine. I've been saying that I was going to retire in two years. I thought I had enough saved.
But, then this whole sub-prime, capital, credit, financial market craziness happened, and now I'm stressed. If the financial bailout plan works, experts tell me it might be 5 or 10 years before my savings will be worth what they were last week.
So, the retirement talk -- forget everything I said about that. I'm sticking around like Brett. The only difference is he still had a gun for an arm. I knew I should have stayed in better shape.
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