Financial Tsunami

Lots of people are calling the current financial crisis a "tsunami", including Alan Greenspan.
These folks run out of terminology to describe the current situation.

That 2004 Tsunami killed tens of thousands of people.
That was bigger casualty than many wars or terrorist strikes or earthquakes.

I heard of there are some poor folks with heart problems died because of worrying over the financial crisis. Besides that, has anyone else died?

This is wrong comparison.

Ask some Hong Kong financial analysts, they say "folks, this is worst than SARS."

Was that guy a SARS survivor who couldn't breathe?

I think calling it a tsunami or compare with SARS is a bit overboard.

Look folks, money is outside the body (a standard Chinese proverb). If you bet your life time saving on the stock market you need to check your strategy.

It truly hurts if you or your loved ones are hurt or sick and hurts even more if your doctors drain your life time savings.

With descriptions by experts saying "It's a tsunami. It is worst than SARS. It is going to last", this is going to be a self-fulfilling prophecy.

I will only get scared if FDIC collapsed and everyone lose their life time savings. Hope that won't happen(!)

Do you think if every man, woman and child with a savings account demanding up to their $100,000 or whatever the upper limit is, all at the same time will the FDIC able to handle it? So don't line up draw up crowds to go to your bank to demand money all at the same time!

I think that FDIC is like "government inspected" chicken label, only serve to comfort you.

Many people already start to lose jobs. I will be scared if I am out of work for months.

Is there anything a regular person can do about this "tsunami"? Nothing. So don't need to be scared.

Although the 2004 tsunami was horrible, there were many great efforts to raise funds to help those who lost everything, showing the remarkable positive side of human. Many people voluntarily donate.
Efforts to help failed banks... I am not sure if we can compare it the same way. My tax money involuntarily donated in those billons.