- Fannie Mae and Freddie Mac were both taken over by the government.
- Bear Stearns was acquired by JP Morgan Chase.
- Lehman Brothers declared bankruptcy.
- Bank of America agreed to purchase Merrill Lynch.
- AIG was saved by an $85 billion capital injection by the Federal Reserve.
- J P Morgan Chase purchased the assets of Washington Mutual.
- Bank of America purchase Countrywide.
Sunday, December 28, 2008
"Where is Wall Street?"
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The risk of loss in the trading of any securities products can be substantial. The strategies employed here are active trading strategies therefore you should carefully consider whether such trading is suitable for you in light of your personal investment objectives and financial resources. All data and information provided on this site is for informational purposes only. "yourmoneyandyourworld.blogspot.com" makes no representations as to accuracy, completeness, be current, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. The comments and posts here are personal opinions. There are NOT a recommendation to buy or sell any securities or NOT a recommendation for any actions for you in your 401K/IRAs/any retirement accounts/your personal properties. Please consult your advisor, conduct your own research and suitability, and invest at your own risk.
The risk of loss in the trading of any securities products can be substantial. The strategies employed here are active trading strategies therefore you should carefully consider whether such trading is suitable for you in light of your personal investment objectives and financial resources. All data and information provided on this site is for informational purposes only. "yourmoneyandyourworld.blogspot.com" makes no representations as to accuracy, completeness, be current, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. The comments and posts here are personal opinions. There are NOT a recommendation to buy or sell any securities or NOT a recommendation for any actions for you in your 401K/IRAs/any retirement accounts/your personal properties. Please consult your advisor, conduct your own research and suitability, and invest at your own risk.
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