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This has got to be the most frantic week in the world of finance ever.
1. Lehman Brothers declares bankruptcy
2. Government takeover of AIG
3. Merrill Lynch taken over by BOA
4. Russian Stock markets halts trading for several days
5. Primary Fund Money Market went below $1
6. Treasury rate went negative
7. Fed accepts stocks as collateral
8. Central banks inject $225 billion
9. Treasury guarantees Money Markey funds
10. Ban on shorting financial stocks
11. Fed borrows $200 billion from Treasury
12. Discussions to create a Resolution Trust Corp
13. 1000 point drop in DOW and 1000 point rebound
14. And locally here in Atlanta, gas stations closed and prices spiked to $5.
1. Lehman Brothers declares bankruptcy
2. Government takeover of AIG
3. Merrill Lynch taken over by BOA
4. Russian Stock markets halts trading for several days
5. Primary Fund Money Market went below $1
6. Treasury rate went negative
7. Fed accepts stocks as collateral
8. Central banks inject $225 billion
9. Treasury guarantees Money Markey funds
10. Ban on shorting financial stocks
11. Fed borrows $200 billion from Treasury
12. Discussions to create a Resolution Trust Corp
13. 1000 point drop in DOW and 1000 point rebound
14. And locally here in Atlanta, gas stations closed and prices spiked to $5.
Posted: 2008-09-19 17:54:49 |
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