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Republican president's impact on the world: Global loss of $7.7 trillion

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Harry Hope

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Feb 15, 2008, 7:05:12 AM2/15/08
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http://afp.google.com/article/ALeqM5iwvtjRjCsY3ZId92jo8eDpgVB9kg

US subprime crisis costs global 7.7 trillion dollars: bank

NEW YORK (AFP) —

The meltdown in the US subprime real-estate market has led to a global
loss of 7.7 trillion dollars in stock-market value since October, a
report by Bank of America showed Thursday.

The crisis, which has spread beyond US shores to banks and other
sectors worldwide, is "one of the most vicious in financial history,"
according to Bank of America chief market strategist Joseph Quinlan.

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"That, of course, is the devil's bargain of addiction: a short-term
good feeling in exchange for the steady meltdown of one's life."

Daniel Goldman

Harry

Jerry Okamura

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Feb 15, 2008, 12:00:41 PM2/15/08
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Standard democratic argument. Those who made a bad decision, are just
victimes...

"Harry Hope" <riv...@ix.netcom.com> wrote in message
news:mvvar39q16j8lqojn...@4ax.com...


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> US subprime crisis costs global 7.7 trillion dollars: bank
>

> NEW YORK (AFP) -

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