Thursday, October 30, 2008
Post-script: Washington DC, Friday, October 10 to Monday, 13
It felt like the moment of truth.
The week Wall Street capitulated
"Either we get a coordinated response from the world’s leaders by the end of the weekend, or we might as well give up and go home"
Despite his previous assurances falling flat, President George W Bush decides once again to speak to the US nation to comfort them that his administration is doing everything to stabilize the financial system. That Friday, stocks ended lower, following the second-worst ever week for US stocks. ...
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