Excerpt from: US Markets
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| September 15, 2008 | | Spread bets and CFDs on U.S. stocks | Spread betting and contracts for differences should consider that the U.S. stock market is chaos this morning as it points to a much lower open. And it's no surprise. This weekend was rife with startling -- and upsetting -- financial news.
Indeed, the U.S. government has drawn a line in the sand. After helping with the Bear Stearns bailout, the government is refusing to help any other investment banks.
That means that Lehman Brothers is filing for bankruptcy protection, even as Bank of America buys Merrill Lynch and AIG plunges dramatically in value after asking for special government financing.
Investors are making flights to safety and trying to unload what they can at whatever price they can get.
| Topic Tags: CFDs, contracts for differences, Lehman, Merrill Lynch, spread bets, spread bets U.S. stocks, spread betting, spread betting stock market, U.S. stock market | |
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