Support the news

Advice for Investors

Overseas markets are reacting positively to news that the US government will bail out the massive insurance company, American International Group.

In talks last night, the Federal Reserve agreed to an $85 billion rescue package for AIG, in exchange for 80 percent ownership and other conditions.

This morning, eyes are glued to see how the US markets respond, amidst Wall Street's tumultuous times.

That's the case for Mary-Anne Hardy. The retiree was watching the Wall Street ticker from outside the Fidelity building in Boston right before the market closed yesterday afternoon.

"We hate to see losing on our investments or any money we make putting into our investments. And as you know, everything is costing more, gas, things at the grocery store, so instead of things getting better, they appear to be getting worse."

To find out more about such investor concerns, WBUR's Bob Oakes speaks with John Spooner. He's an investment advisor with the Spooner Group at Smith Barney in Boston and the author of books and articles appearing in Atlantic Monthly, Esquire, and the Boston Globe.

This program aired on September 17, 2008. The audio for this program is not available.

Bob Oakes Twitter Host, Morning Edition
Bob Oakes has been WBUR's Morning Edition anchor since 1992.

More…

+Join the discussion
TwitterfacebookEmail

Support the news