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This is it, the stock market is down to bail outs and rumors of bail outs. The economy is down to it's last few months. The markets will collapse, probably in several weeks.
The temporary ban of short selling on 799 financials will artificially inflate stocks possibly setting up the crash.
http://www.reuter s.com/article/usDoll arRpt/idUSPEK2402720 080917
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Teams of gunmen have spread terror in southern Mumbai, killing more than 100 people and taking hostages in several locations, including two luxury hotels. Indian police say most of the hostages have been freed from the Taj Mahal Hotel. Dozens of people, mostly westerners, were seen leaving.
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This video was created by the U.S. Government Accountability Office (GA0) and can be accessed at: http://www.gao.gov/n ewcomers.vid.html
It is my understanding that works done by employees of the US Government, working in their official capacity, cannot be copyrighted. I have uploaded this video because I think it is an important message that more people need to hear.
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President Bush, joined by Treasury Secretary Paulson, said securing financial systems is a crucial step in economic recovery. He promised to keep Obama and his team "informed" of any decisions.
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Congressman Paul gives his thoughts on the testimony of Paulson and Bernanke, the failure of the dollar standard, gold and where the global economy could go from here.
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REPORT : In the context of the financial crisis and with the Jakarta stock exchange losing 50% since the beginning of the year, the vice-president has called on his fellow citizens to turn to Islamic banks, which apply the principles of Sharia law.
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Gulf markets were nursing losses of about 17 percent each last week, wiping out most of the years gains. This leads us to the central question: are the Gulf States in fact sheltered from the global financial meltdown?