The latest PhD comic might explain why I don't see a financial crisis and oppose the bailout bill. After all, I have less than a thousand dollars in stock-based savings (quite lot less than a thousand than I had a few weeks ago, I do admit), I'm nowhere near to graduating and needing a new job. I have plenty of reason to take the extremely long view, which says the Great Depression only lasted a few decades and I have four or more to go before retirement.
On the other hand, it's also possible that trying to live on a graduate student budget with a minimum in student loans means that I have a greater appreciation for fiscal responsibility than most 20-somethings or Congress in general. I'm trying to accept arguments that letting go of credit can't happen at once, but it can be very hard to see why people despair of lost credit cards and mortgages when I've manged to live fine (in my single, childless, practically lifeless academic way) on a relatively meager budget with no reliance on and minimal use of credit.
That minimal use of credit does include student loans. I'm trying to figure out if that makes me a hypocrite or not. But student loans, and whether or not they're worth it, are a complex and lengthy matter for an entirely different post.