Financial Uncertainty

Fannie Mae
Freddie Mac
Lehman Brothers
Merrill Lynch

These were some huge names in the finance world.  The stock market is being rocked hard today by the news of Lehman Brothers’ bankruptcy and Bank of America’s purchase of Merrill Lynch.

I read this quote in an AP article:

“It’s clear we’re one step away from a financial meltdown,” said Nouriel Roubini, chairman of the consulting firm RGE Monitor.

Are we?  Sensationalism sells, so I tend to throw out all statements such as this.  I have to admit, though, that the economy seems to be poised on the brink.  Is anyone else tempted to pull out of the stock market?  Add in the peak oil theory, and I’m ready to buy a farm in Nebraska.

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~ by NinjaPrincess on September 15, 2008.

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