Posted AT 11:07 AM EST on 17/03/08
Bear fire sale sparks financial rout
NEW YORK — A fire sale of Bear Stearns Cos. Inc. stunned Wall Street and pummelled global financial stocks on Monday on fears that few banks are safe from deepening market turmoil.
President George W. Bush assured the world that the United States was “on top of the situation” in financial markets as the U.S.
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