Fool Poll: The Biggest Financial Shock of the Week

Fannie Mae (NYSE: FNM  ) and Freddie Mac (NYSE: FRE  ) are so two weeks ago.

Last week saw stories so amazing, I thought The Onion wrote them. Crazy rumors were trumped by crazier reality.

To wit: There was a Wall Street bankruptcy signaling no more bailouts, a government bailout promptly thereafter, a banking hookup that would have been the news of the week any other week, historic stock market volatility, and plans for a government mega-bailout of the banking system that was frighteningly close to a trillion dollars.

Together, they comprised the biggest financial story of the last 50 years. And we followed it all.

Now, we're curious. What was your biggest financial shock last week? Vote below and then feel free to comment.

Anand Chokkavelu was shocked by the negative Treasury bill yields last week. He doesn't own shares of any company mentioned. Bank of America is a Motley Fool Income Investor recommendation. The Fool has a disclosure policy.


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  • Report this Comment On September 23, 2008, at 12:44 PM, DuncanMF wrote:

    None of the above. The 'breaking of the buck' by a money market fund - with its implied risk of bank runs on the trillions of dollars in these funds.

  • Report this Comment On September 23, 2008, at 1:59 PM, MonkeyMan1140 wrote:

    "The jawdropping collapse and recovery of your portfolio."

    I don't remember the recovery part, did I miss something?

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