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Bear Stearns exposed as a bank saddled with toxic sub-prime debt -…
"US house prices have a lot further to fall, which will simply crush the global economy. The lesson from Japan in the early 1990s is that the death dance goes on and on and on," he said.

created Mar 15, 2008 by Jim Cowie

 
 

Discussion

5 responses

 
  • Jim Cowie Mar 15, 2008
     
    great article, great comments
     
  • todd Mar 16, 2008
     
    I wish i had paid attention in goofy wallstreet jargon class: "Had the Fed delayed, many traders believe Wall Street would have plunged through resistance levels risking a full-fledged crash." what the hell does *that* mean?
     
  • smckenzie23 Mar 17, 2008
     
    It means don't open the letters you get from you 401K for about 8 years.
     
  • colby Mar 17, 2008
     
    I don't like the sounds of this.
     
  • J-Dog Mar 17, 2008
     
    No, not good at all :-(
     
 
 
 
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