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Hi, Nina,
That's a rough situation you are describing. I'm so sorry you are having to deal with this.
As far as the financial piece, you might wait a week to see if the bailout comes about and calms the market.
But the bigger issue that you mention is when and how to move your father in law. Unfortunately, he may not be happy with this move, but it sounds like his physical condition (and potentially his financial condition) will be better by the move. I would suggest that once the adjustment period is completed, he'll be fine. In fact, at some point, his memory of his home will fade and the nursing home will become his home (although he may periodically mention "going home"). So it's a matter of getting past the initial period of shock and then letting him settle in.
And the challenge (at least as I understand it) is if you wait until he becomes combative, the nursing home may not take him. I know that my mom at one point was having a "stand-off" where she hit another resident. I was on pins and needles that the nursing home would evict her (as they had mentioned in the entrance meeting that Dad and I had with the admissions director). However, the nurses and the aides by that time had learned how to deal with her outbursts and how to distract her effectively. Thus, I'd suggest that the earlier that you can get him in when he is not combative, the better for everyone.
So figure out first of all what financially can be afforded, and then what environment (home or nursing home) will be best for him before he becomes combative (if he becomes combative). And then begin taking those steps. You'll be making the best decision for your father-in-law.
Take care and keep us posted!
Dorian