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May 8th, 2010
09:50 PM ET

A$k the Dolans

Wall Street is catching its breath after a wild ride.  On Thursday the big board dropped 999 points in less than a half an hour, before rebounding   No one is sure what happened.  The Securities and Exchange Commission is trying to find out why.

European leaders are vowing to do more to stem the Greek debt crisis.  They're calling for a stabilization mechanism to calm markets before they reopen on Monday.  This week a $140billion aid package hammered out by European Union countries sparked violent riots in Greece.  The deal calls for severe cuts in government services there, including wage and retirement freezes.

CNN's Fredricka Whitfield asked personal finance experts  Ken and Daria Dolan about the state of the world's economy and whether investors should be worried in the days and weeks to come.


Filed under: CNN Newsroom • Fredricka Whitfield • Josh Levs
soundoff (3 Responses)
  1. john doe

    Greece has alway's been there and alway's will be!!! People are not the problem!!! It must be the 140 billion debt HUH??? Money is the root of all evil!!! Don't ask about "CREDIT" again!!! USA is the way!!!

    May 9, 2010 at 6:48 am |
  2. Alan Cummings

    The demonstrations in Greece may be the result of common workers protesting their increased taxation caused by a group of aristocrats who, the press says, held high-paying jobs and seldom turned their hands.

    May 9, 2010 at 4:19 pm |
  3. Gene Lucas

    As the Dolan's noted, Greece is not the only country struggling with debt, but they didn't mention the world's biggest debtor – the US of A. In the near future we will have to institute austerity measures too. Otherwise, no one will loan us any money. Stand by for trouble, with strikes and riots right here in this country, when peole have to cut back on their standard of living – which is happening to California government services right now.

    May 11, 2010 at 5:55 pm |