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Published on Wednesday, October 01, 2008
By LA Daily News Staff Writer
As the country's financial crisis deepened this week, retired clothing manufacturer George Spero studied his family's Wall Street investments from his Tarzana home and turned to his wife.
"Honey," he said straight-faced, "what this means is that we're going to have to die in three years."
"Well, that's fine for you," his wife Nancy shot back. "You're 85, but I'm still 75!"
That moment of gallows humor perhaps offers the levity needed in a time of financial and political upheaval over the nation's perilous economic times and the debate on whether Main Street should bail out Wall Street with a historic $700 billion rescue plan.
"It's better than panicking," Nancy Spero said. "We're not doing that."
The Speros typify the cautious, wait-and-see attitude of San Fernando Valley residents who say they are not making any rash decisions with their investments - and instead are maintaining their faith that the economy will overcome its problems
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