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US Economy in Crisis

David Oziel
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US Economy in Crisis
Wall Street
The severity of losses to US banks incurred over sub-prime mortgages was beginning to emerge. In the first months of 2008, rising interest rates together with increasing unemployment and a slowdown in the housing market, meant that many borrowers could no longer afford payments on their homes. Banks involved heavily in such debts were threatened with collapse. In the following months the financial crisis spread worldwide
The New York Stock Exchange as markets continue to swing a day up or down. The mortgage crisis is being played out on Wall Street investors and world's financial markets.

Traders leave Wall Street after a free fall as the Dow closes 777, the Nasdaq down 199 (9%), and the S&P down 106 or 8.8% because Congress failed to pass a $800 billion bailout plan. The Federal Reserve lowered the interest rates by 3/4s of a point to help support the failing economy.  

On March 16, 2008 the Federal Reserve would bail out Bear Stearns with a $30 billion investment along side JP Morgan fearing a global economic crisis as the Asian markets opened.
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
economy crisis banks Wall street New York Stock Exchange Nasdaq New York
US Economy in Crisis
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David Oziel's profile

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David Oziel's profile
Boston, MA, USA

US Economy in Crisis

US Economy in Crisis The severity of losses to US banks incurred over sub-prime mortgages was beginning to emerge. In the first months of 2008, Read More

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