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Look Out. This Crunch Is Serious.

Incipient panic has reigned in U.S. financial markets over the past couple of weeks, and no wonder. Some hedge funds have blown up, the country's second-largest mortgage lender has come close to collapse and stocks have fallen. On Friday, the Federal Reserve Bank lowered a key interest rate to h...
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Edward Chancellor
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United States
Walter Bagehot
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Henry M. Paulson
Edward Chancellor
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