2009, a year to remember. A year of panic and rapid economic decline for many Americans. The DOW reached a low of 6500 and unemployment reached over 10%. The housing market further declined with massive foreclosures alongside the continuing credit crisis. This was a year where weakness in the banking industry shook consumer confidence resulting in a run on banks that forced the government to pass out Billions in Government Bailout funds to keep them going. These actions left the Tax Payers holding large stakes in these shaky institutions with no understanding of if or when they would be paid back. There was even talk of Nationalization. A year of massive hedge fund redemption's forcing half of all hedge funds to close their doors. A year when a 65 Billion Dollar Bernie Madoff Ponize scheme further shook the investment community. A year that saw the fall of two of the Big 3. Gm and Chrysler filed for Bankruptcy protection after receiving Tax Payer funds that failed to keep ...
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