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Source link: http://blog.mises.org/8545/again-the-headlines-tell-the-story/

Again, the headlines tell the story

September 18, 2008 by

From Bloomberg

•Morgan Stanley, Goldman Plunge as Crisis of Confidence in Brokers Deepens

•Fed, ECB, Bank of Japan Lead Global Plan to Pump $247 Billion Into Markets

•Leading Economic Indicators in U.S. Dropped More Than Forecast in August

•BNY Mellon Cash Fund Declines Below $1 a Share, Hit by Lehman Debt Losses

•Putnam Investments Closes Institutional Money-Market Fund Amid Withdrawals

•U.S. Commercial Paper Market Slumps 2.9% on Losses in Money-Market Funds

•Bank of America Is Said to Have Cut Trading With Merrill Before Takeover

•Bush Says He’s Taking Action to Calm Markets, Restore Confidence in System

•House Republicans Slam U.S. Steps to Alleviate Crisis as `Bailout Mania’

{ 1 comment }

Bill September 19, 2008 at 10:39 am

Another good one:

“SEC temporarily bans short-selling”

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