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Shock Therapy On Wall Street: What's Next?It was another week in which the debt crisis rolled over financial institutions worldwide and people's lives like an out of control freight train. On Tuesday, the US stock market received a gift from the Federal Reserve Bank in the form a half percent interest rate, twice the amount most analysts expected. Why? There is panic in high places. They know this crisis is far more serious than most of us realize, and that it will not address the sub-prime problem or bring relief to the millions facing foreclosures and a tighter economic noose around their necks. | |
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