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Fool Poll: The Biggest Financial Shock of the Week

By | More Articles
September 22, 2008 | Comments (2)

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.

Take the Motley Poll

What was your biggest financial shock last week?

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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.


Read/Post Comments (2) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • 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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