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Reuters: Bear Stearns takeover sparks fresh financials rout

Started by dave, March 17, 2008, 03:01:02 PM

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dave

March 17, 2008, 03:01:02 PM
Bear Stearns takeover sparks fresh financials rout
      

HONG KONG/LONDON (Reuters) - An emergency rescue of Bear Stearns Co Inc stunned the Wall Street bank's staff and pummeled financial stocks on Monday amid fears that few banks are safe from deepening financial market turmoil.
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