February 11, 2008
In today’s financial news:
“More than $6.7 trillion has been wiped from world stock markets since the beginning of the year amid concern that the U.S. slowdown would spread and financial institutions would report more losses. The rout, which started in August when credit markets seized up, forced central banks in December to move in concert to inject cash into financial markets in the biggest act of international cooperation since the Sept. 11 terrorist attacks.”
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