NEW YORK, Sept 19 (Reuters) - While markets rose following news that the U.S. Treasury Department and Federal Reserve were cobbling together a plan to rescue the financial system, not all on Wall Street were convinced the worst was over.
Here are reactions on Friday to the week’s events from people who work around Wall Street:
* “People are in misery. You can see it, you can feel it,” said Alfred Lavery, 52, of Brooklyn, as he sat on the street selling small statues of bulls. Executives in suits hurried by.
“Look around - The Bears are walking all around.”
* "There are no options. It (the crisis) is massive. There is no place to hide," said an AIG AIG.N employee who said his personal investments took a 30 percent hit this week.
“It’s at the level of 1929, I’m sure.”
* “If you would have asked me one month ago if these things could happen, I’d have said no. It’s mind-blowing. I don’t think that in my life, I’ll ever see something like this happen again,” said a 33-year-old Wall Street worker.
“I’m not optimistic that it’s going to get better before it gets worse. There is a lot more to come before it gets better.”
“A majority of my equity was in AIG stock. The value is gone now, but 10 years from now maybe it will regain.”
* “I don’t think the Fed should have bailed us out, but there seemed no other way,” said New Jersey resident Michael Porcelli, 59, an executive at Wall Street firm Sciame Construction.
“Today, anyway, the money that the Fed put into the markets seems to have straightened things out. It looks like they have come up with a solution.”
"My 401k is invested heavily in Washington Mutual WM.N . I was worried yesterday, but it didn't make any sense to move it anywhere else."
* “After what happened with Bear Stearns two months ago, nothing surprises you anymore,” said Nathan Pinsky, 30, of Brooklyn, who works for a Wall Street recruitment firm.
* “If the market dropped 25 percent like it did in ‘87, I’d be worried,” said engineer Jeff Terzakis, 44, of Rockland County, who hadn’t looked at his retirement portfolio balance during the past week because “a 400 point drop isn’t that much.”
* “I don’t see anything wrong here,” said photographer Antonio Carrasco, 43, of New Jersey as he surveyed a popular lunch spot near Wall Street. “Look at this -- it’s jam-packed with people and they don’t look too stressed.” (Reporting by Aarthi Sivaraman and Sarah Coffey; Editing by Gary Hill)
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