Remember when the GOP used to be described as a bunch a old, mean men, who took care of your money?

Well, in a round about way, they still are. Yet another financial quarter down and for many that 401k is the least awesome thing ever!

Americans’ retirement plans have lost as much as $2 trillion in the past 15 months, Congress’ top budget analyst estimated Tuesday.

The upheaval that has engulfed the financial industry and sent the stock market plummeting is devastating workers’ savings, forcing people to hold off on major purchases and consider delaying their retirement, said Peter Orszag, the head of the Congressional Budget Office.

Meanwhile,

AIG executives spent $500,000 at an exclusive resort just days after the U.S. government agreed to spend $85 billion to protect the giant insurer from collapse, according to Rep. Henry Waxman, the California Democrat who chairs the House Oversight Committee.

So, which Republican will stand up and decry "class warfare" now?

UPDATE:

Not to sound too panicky, but the European and Asian markets are in meltdown at this moment. Take a strong umbrella to the financial district today, it may be raining brokers.

Related posts:

  1. Waxman’s Methods
  2. As California Drowns in Red Ink, Schwarzenegger Offers a Mix of Drastic Cuts and Political Gimmicks
  3. Money and Health Care Reform
  4. Barofsky Report: What Happened to All That TARP Money?
  5. FDL Book Salon Welcomes Barry Ritholtz – Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy