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Making sense of the meltdown (Sun Star)
RECORD number of Americans lose homes.Bear Stearns hedge funds go belly up. Global financial institutions, pension plans suffer huge losses from US mortgage investments. Credit markets freeze, start to hurt Main Street. Global shares plunge to record lows. US lawmakers pass $700-billion bailout package for ailing banks. - blogs.usatoday.com
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As commercial paper market slowly returns, long-term corporate debt sees modest uptick (Canadian Business)
Madlen Read November 6, 2008 - 4:22 p.m. NEW YORK (AP) - As investors slowly start buying commercial paper again, the frozen market for longer-term corporate debt is also showing small, tentative signs of thaw. - www.uticaod.com
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