Wednesday, September 11, 2013

Financial Crisis


From Business Insider.com:


"Five years ago this week, we saw Lehman Brothers go bankrupt, Merrill Lynch get rescued by Bank of America, and AIG get bailed out by the government.  The credit markets froze, stocks tanked, and the government intervened.  The U.S. Department of the Treasury just published a presentation looking back at the financial crisis and the progress since then.  It included this annotated chart of the S&P 500 and consumer sentiment during the period."
*Long ETFs related to the S&P 500 in client and personal accounts.