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Monday, September 22, 2008

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The stock market plummets, investors pull out money and loans dry up, triggering global financial turmoil. Enter the government, buying up bad mortgages and other problem assets. This scenario from the 1930s sounds eerily current, in part because the ...


Sept. 22 (Bloomberg) -- European stocks and U.S. futures fell as higher oil prices weighed on retailers and carmakers, overshadowing plans by the U.S. government to buy $700 billion of bank assets and a crackdown on bets against financial companies ...



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