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WILD WEEK LEAVES WALL STREET FRAZZLED
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Published: September 20, 2008
Financial advisers and brokers in the Tampa Bay area found themselves caught up in the turmoil of Wall Street this week as anxious clients called looking for help making sense of the breathtaking sweep of events. The tumult culminated Friday with a federal government plan to cleanse banks of the bad mortgages that had touched off a world financial crisis. The government plan ignited a two-day rally on Wall Street on Thursday and Friday that erased shattering losses earlier in the week when insurance giant AIG, swept up in the mortgage mess, teetered on bankruptcy.
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