Power of Story Send a Tweet        
- Advertisement -

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

By       Message Constance Lavender     Permalink

Related Topic(s): ; ; ; ; ; ; ; ; ; , Add Tags  Add to My Group(s)

View Ratings | Rate It


Author 2002

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?

A little
Don't Know

        89 votes    View Results and Comments

            Invite Your Friend(s) to Vote: Tell A Friend


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 type="text/javascript" src="https://www.opednews.com/populum/poll_api.php?pid=207&layout=default"></script>


- Advertisement -

View Ratings | Rate It


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...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

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

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -