Home
Tag(s): ; ; ; ; ; ; ; ; ;     
   Add to My Group

September 14, 2008
Money-Business
How much faith do you have in the American financial system?

By Constance Lavender (about the author)

opednews.com     Permalink

submit to twitter
submit to reddit
submit to digg

Tell A Friend

View Ratings | Rate It

Poll

How much faith do you have in the American financial system?

     The US Government backed a deal to bailout the investment bank Bear Stearns in March, 2008. Last week the Feds announced that the government was taking over the housing mortgage giants Freddie and Fannie Mac. Today, Sunday, September 14, 2008, Lehman Brothers Holdings, Inc., the country's fourth largest investment house, is set to go into insolvency. Merrill Lynch is said to be finalizing plans  to be bought out by Bank of America, and American International Group (AIG) announced it would re-structure on the heels of billions of dollars in losses. The fate of Washington Mutual, one of the country's largest savings & loans, is unclear. And, an emergency trading session was held in the derivatives market for two hours this Sunday afternoon, apparently closed to the public, so that institutional investors could reduce their exposure to massive losses. Given this extraordinary set of developments, how much faith do you have in the American financial system?

Alot
A little
None
Don't Know

        89 votes    View Results and Comments



            Invite Your Friend(s) to Vote: Tell A Friend         View All Polls

 

Share This Poll

You can publish this poll on your blog or website. To embed a poll, just copy the code from this "Embed" box. Once you've copied the code, just paste it into your website or blog to embed it.

Embed: Customize
<script language="JavaScript" src="http://www.opednews.com/populum/poll_api.php?pid=207&layout=default"></script>

 

Constance Lavender is an HIV-Positive pseudonymous freelance e-journalist from a little isle off the coast of Jersey; New Jersey, that is...

In the Best spirit of Silence Dogood and Benj. Franklin, Ms. Lavender believes that a free (more...)
 

The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.

Contact Author Contact Editor View Authors' Articles

 

Book Recommendations for "Bailout Derivatives Dollar Financial"

View All Book Recommendations

 

 

Tell a Friend: Tell A Friend

Copyright © 2002-2009, OpEdNews

Powered by Populum