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News Archive > 2008 > Apr > 7
Economy Dismal: “Recession here as Main Street closes down,” says Securities Arbitration’s Main Street Advocate. Safety Nets Fail Main Street.
For_Immediate_Release:

United States of America (Press Release) April 7, 2008 -- Recession. Officials and Wall Street may sidestep. Four airlines grounded forever. Oil and gas prices skyrocket, car sales plummet. Mortgage rates climb and housing prices fall. Personal, corporate, government debt increases as rail cars are parked. Now, even high tech, the savior that has artificially boosted hope in the economy is faltering (as Securities Arbitration predicted). Words cannot obscure reality. And jobs….

Jobs are disappearing fast. All sectors, businesses, all and no collar jobs spared. In March new U.S. job losses exceeded the entire population of Reading, Pennsylvania. In the first 90 days of 2008 job losses equaled the populations each of Henderson, Nevada, of Jersey City, New Jersey, of Norfolk, Virginia, of Ft. Wayne, Indiana, and Greensboro, North Carolina.

And Wall Street. The gambling mecca far surpassing Las Vegas. The only place where a company stock rises because losses were not as great as predicted. Who pays?

As ever, the Main Street investor pays. No Bear Stearns-type bailouts on Main Street, if an investor has been burned by his stockbroker he won’t be guaranteed against 95% of losses, as the government is doing for Bear and is forecast to do again. Main Street will need to fight back. Unlike the unemployed across America, at least the burned investor has a means of recovery via securities arbitration. For the Main Street burned investor, it works. The system and process works well when worked well,” says Paul Young, a leader in securities arbitration recovery for burned investors.

Real people, real recovery. People can fight back and win if their stockbroker or firm has burned them.

Like others, it is a strong, personal finance story that must be told and related now more than ever. As unemployment goes, so goes the economy, so then are savings in stock retirement accounts gone. If the stockbroker or financial pro did the wrong thing, what happens then? Securities arbitration. Call.

For Burned Investors: The SECURITIES FRAUD HOTLINE is free 24/7 at 1-800-222-4724. Services nationwide.

MEDIA ONLY: 1-310-880-8222 for immediate booking or interview. Otherwise, non-time sensitive general line 1-310-826-0278.


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Securities Arbitration Hotline is free at 1-800-222-4724.

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finance , recession
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