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September 30, 2008

The World's Markets: Grim.

The headline and Andrew Clark's reporting in London's The Guardian are representative:

Panic Grips World's Markets; Shock as American Rescue Plan Rejected.

NEW YORK--The US government's $700bn bail-out of the banking industry collapsed yesterday as Congress defied the White House by voting down the plan, sending Wall Street stocks plummeting and spreading shockwaves through the global economy. [more]

Posted by JD Hull at September 30, 2008 12:59 AM

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