October 14, 2008
Bear Stearns. Lehman Brothers. Fannie Mae (NYSE: FNM ) . Freddie Mac (NYSE: FRE ) . AIG (NYSE: AIG ) . Merrill Lynch (NYSE: MER ) .
These companies have contributed to a financial system chaos like the United States hasn't seen in years. Last week, world markets plunged. The Dow and S&P 500 followed suit. Trillions of dollars of paper losses wreaked havoc upon retail investors.
And now the prospect of increased governmental intervention has calmed collective nerves -- the Dow gained 11% yesterday, its biggest one-day gain since 1933. Overnight, Japan's Nikkei posted its single-biggest gain ever.
Today we have news that the U.S. government will take direct stakes in major banks, including Goldman Sachs (NYSE: GS ) and Bank of America (NYSE: BAC ) .
What's going on? What are the long-term ramifications? What does all of this activity mean for your portfolio?
The Motley Fool would like your questions. What issues would you like to see addressed? Simply type your question in the comments field below, or email us at AskTheFool@fool.com. Over the next few days, our editors will pick a few of the best questions and have them answered by advisors and analysts from our Motley Fool premium newsletter services.
Bank of America is a Motley Fool Income Investor selection. The Motley Fool is investors writing for investors.