2011's most shocking money news

As ranked by the editors of MONEY

2011's most shocking money news
1
S&P'S downgrade of U.S. debt

The stock market fell nearly 6% in response to this blemish on America's AAA rating. That caused investors to buy... wait for it... supposedly riskier Treasuries, which have actually risen 2% since.
2
Occupy Wall Street

Fed up with tough times, Americans finally got mad enough to start an "investor spring." Protests that started out demanding accountability from Wall Street mushroomed into sometimes violent marches over income inequality. Impact? Still unclear.
3
Greece's impending default

The cradle of democracy was revealed to be so profligate that it could no longer pay off its debts, leaving bondholders looking at losses of at least 50%.
4
Netflix's new pricing plan

After announcing that it would divide its streaming-movie and DVD-by-mail services and nearly double the price, Netflix lost 600,000 customers. Its stock fell 70% before the company revoked the split (the hike remains intact).
5
BofA'S debit fee

Hard to know what was more shocking: that Bank of America had the audacity to try to charge customers $5 a month to access their own money or that consumer outrage persuaded the bank to back down.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.