Monday, 17 March 2008

Global Markets Tumble Over Bear Stearns Bailout

AP


Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.

“Its difficult to call where the bottom is,” said Richard Hunter, a broker at Hargreaves Lansdown in London.


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