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Financial Market Turmoil Raises Worries (AP via Yahoo! Finance)

March 21st, 2008 · Permalink



It’s been almost an article of faith: Any recession this year will be mild and brief. But now the stunning meltdown of a top Wall Street investment bank and stubbornly persistent financial market turbulence has called that into question, raising fears that severe problems in housing and the nation’s bedrock financial system could cripple the economy and wallop many millions of Americans.

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