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Old 10-27-2008, 03:30 PM   #1
Emerginvest
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Default Credit Crisis Spreads to the Middle East

We have all watched as countries throughout the world raced to help bailout their ailing banks in light of the global credit crisis. Gargantuan sums – more on a global scale than we have seen to date – have been dispensed: Germany $650B, Russia $120B, UK £37B, etc. Collectively, it helped to stop market [...]

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